Abstract
The research aims to analyze the influence of liquidity, leverage, profitability and firm size on the firm value of food and beverage sub-sector company listed on the Indonesia Stock Exchange period 2014-2017. Variables that used tomeasure variable liquidity are current ratio (CR), variable leverage measured by debt to equity ratio (DER), variable profitability measured by return on equity (ROE), and firm size according to the total assets and firm value measure by (the ratio PBV). Sample of this research are food and beverage manufacturing company listed on the Indonesia Stock Exchange period 2014-2017 with the total 18 companies. By using the purposive sampling, it took 13 companies as the sample of research. Analysis technique used are descriptive analysis, test the assumption classical which includes normality test, multi-co linearity test, heteroscedasticity test and autocorrelation test, with a significance alpha 5 percent and 1 percent. Panel analysis data which multiple regression linear analysis and the hypothesis test includes f statistic test, t test statistic and determination test. The research result shows that the liquidity variable (CR) does not influence the firm value. Leverage variable (DER) has the positive influence and significantly to firm value (PBV). Profitability has the positive infuence and significantly to firm value (PBV) meanwhile the firm size variable (Ln Total Asset) has the negative influence and significantly to firm value (PBV).
Highlights
Fahmi (2013:139) states that "company value is a condition that has been achieved by a company as an illustration of public trust in the company after going through a process of activities for several years since the company was founded until now"
Food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange at least before the closing of the stock exchange from 2014 to 2017
The data used in this study are in the form of financial statements of manufacturing companies in the food and beverage subsector listed on the BEI
Summary
Fahmi (2013:139) states that "company value is a condition that has been achieved by a company as an illustration of public trust in the company after going through a process of activities for several years since the company was founded until now". Influence Of Liquidity, Leverage, Profitability And Company Size To Company Value. Sabaruddin, et al, 2021 / Influence Of Liquidity, Leverage, Profitability and Company Size To Company Value ing good corporate governance and optimal financial management functions, where every financial decision taken will affect other financial decisions and have an impact on company value. The value of the company can be seen from its share price where the higher the share price, the higher the value of the company (Sartono, 2012). Someone who will invest his capital in a company must first see and analyze what the condition of the company's value is. This is done so that it can be known whether the investment will make a profit or not
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