The Effect of Firm Size, Leverage, Liquidity and Profitability on Firm Value: (Empirical Study on Food and Beverage Subsector Manufacturing Companies Listed on the IDX for the 2018 – 2021 period)

Birohmatika Nagatrahing Ramadhani; Eko Wahjudi

Authors

Birohmatika Nagatrahing Ramadhani Universitas Negeri Surabaya
Eko Wahjudi Universitas Negeri Surabaya

Abstract

The purpose of this study is to evaluate and ascertain the impact of firm size, leverage, liquidity, and profitability on firm value in enterprises in the food and beverage sector listed on the Indonesia Stock Exchange (IDX). Frim size is measured using the Natural Logarithm of Total Assets (LN), leverage using the Debt to Assets Ratio (DAR), liquidity using the Current Ratio (CR), profitability using the Return On Assets (ROA) ratio, and firm value using the Price Book Value (PBV). Quantitative research is the method employed. All food and beverage companies registered on the Indonesia Stock Exchange (IDX) comprise the study's population, with an observation period running from 2018 - 2021. The sampling technique used was the purposive sampling method, so that 21 food and beverage companies were obtained that met the predetermined criteria with a total of 84 data samples used. The data source used is secondary data in the form of annual financial reports obtained from www.idx.co.id. The analytical methods used are multiple linear regression analysis, analysis of the coefficient of determination (R2 ), F statistical test, T statistical test using the SPSS application. The research results show that (1) firm size, leverage, liquidity have no effect on firm value, (2) profitability has an effect on firm value, (3) firm size, leverage, liquidity and profitability simultaneously have an effect on firm value

References

Agus S. Irfani, M. B. A. (2020). Manajemen Keuangan Dan Bisnis; Teori dan Aplikasi. Gramedia Pustaka Utama. https://books.google.co.id/books?id=qln8DwAAQBAJ

Brigham, & Houston. (2019). Fundamental of Financial Management (13th ed.).

Dewantari, N. L. S., Cipta, W., & Susila, G. P. A. J. (2019). Pengaruh ukuran perusahaan dan leverage serta profitabilitas terhadap nilai perusahaan pada perusahaan food and beverages di BEI. Prospek: Jurnal Manajemen Dan Bisnis, 1(2), 74–83.

Dewi, L. A., & Praptoyo, S. (2022). Pengaruh Ukuran Perusahaan, Profitabilitas, Dan Leverage Terhadap Nilai Perusahaan. Jurnal Ilmu Dan Riset Akuntansi (JIRA), 11(2).

Ghozali, I. (2018). “Aplikasi Analisis Multivariate Dengan Pogram IBM SPSS” (9th ed.). Badan Penerbit Universitas Diponegoro.

Husnan, Suad. (2019). Manajemen Keuangan Teori dan Penerapan (Keputusan Jangka Panjang) (4th ed.). BPFE.

Iman, C., Sari, F. N., & Pujiati, N. (2021). Pengaruh likuiditas dan profitabilitas terhadap nilai perusahaan. Perspektif: Jurnal Ekonomi Dan Manajemen Akademi Bina Sarana Informatika, 19(2), 191–198.

Kasmir. (2019). Analisis laporan keuangan. Raja Grafindo Persada.

Kemenperin. (2019). Pertumbuhan Industri Sektor Makanan dan Minuman.

Markonah, M., Salim, A., & Franciska, J. (2020). Effect of profitability, leverage, and liquidity to the firm value. Dinasti International Journal of Economics, Finance & Accounting, 1(1), 83–94.

Muharramah, R., & Hakim, M. Z. (2021). Pengaruh ukuran perusahaan, leverage, dan profitabilitas terhadap nilai perusahaan. Prosiding Seminar Nasional Ekonomi Dan Bisnis, 569–576.

Murni, S., & Sabijono, H. (2018). Peran Kinerja Keuangan Dalam Menentuan Nilai Perusahaan. JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 5(2).

Pujarani, Q. E., & Hadi, S. (2021). Influence of Liquidity, Leverage, Profitability And Company Size to Company Value (Empire Study on Food Sub-Sector Companies And Beverages Listed on The Indonesia Stock Exchange Period 2014-2017). Basic and Applied Computational and Advanced Research Journal, 1(2), 55–62.

Santa Dwipa, I. K., Kepramareni, P., & Yuliastuti, I. A. N. (2020). Pengaruh leverage, likuiditas, profitabilitas dan ukuran perusahaan terhadap nilai perusahaan. Kumpulan Hasil Riset Mahasiswa Akuntansi (KHARISMA), 2(1).

Wijaya & Sedana. (2015). Pengaruh Profitabilitas Terhadap Nilai Perusahaan (Kebijakan Dividen Dan Kesempatan Investasi Sebagai Variabel Mediasi). E-Jurnal Manajemen Unud, 4(12).

The Effect of Firm Size, Leverage, Liquidity and Profitability on Firm Value

(Empirical Study on Food and Beverage Subsector Manufacturing Companies Listed on the IDX for the 2018 – 2021 period)

Authors

Abstract

References

Downloads

Published

Issue

Section

License

Navbar