Beverage Companies Research Articles

The Effect of Profitability, Financial Leverage, Firm Size, Dividend Policy, and Stock Value on Income Smoothing in Food and Beverages Companies Listed on Indonesia Stock Exchange in 2020-2022

Income smoothing is the intentional normalizing of profits to a specified level or trend. Smoothing is an attempt by the company's management to lessen anomalous variations in profitability, to the extent permitted by solid accounting and management standards. This study aims to explore the effects of many factors, including stock value, dividend policy, firm size, profitability, and financial leverage, on income smoothing approaches. The population of the study consisted of the 84 food and beverage companies that were listed on IDX between 2020 and 2022. The sampling process provides 20 companies for a three-year observation period using a purposive sample method. Logistic regression analysis is used in the data analysis process using the SPSS 26 program. The study's findings indicate that income smoothing is influenced by all variables at the same time. Variable dividend policies significantly have effect on income smoothing, partially. However, there is no effect between the factors of stock value, company size, profitability, or leverage.

TÁC ĐỘNG CỦA VÒNG QUAY TIỀN MẶT TỚI KHẢ NĂNG SINH LỜI CỦA CÁC DOANH NGHIỆP LĨNH VỰC THỰC PHẨM VÀ ĐỒ UỐNG TẠI VIỆT NAM: PHÂN TÍCH TỪ MÔ HÌNH ĐỊNH LƯỢNG

This research paper focuses on examining the relationship between the cash conversion cycle (CCC) and the profitability of Food and Beverage (F&B) companies in Vietnam by utilizing quantitative models. Analyzing a sample of 23 companies in the period from 2015 to 2021, the study revealsthat a reduction in the CCC positively influences profitability, as measured by the return on assets (ROA) ratio. The study further dissects the impact of CCC’s components, including days payable outstanding (DPO), days inventory outstanding (DIO), and days sales outstanding (DSO), on profitability. Based on regression analysis results, the study recommends that companies under study endeavor to reduce the durations of DPO, DIO, DSO, and CCC to improve profitability. Implementing strategies to tighten credit policies and optimize capital utilization is suggested as a means to achieve this objective.

A Comprehensive Review on the Influence of Social Media on Eating Habits

Over 90% of adolescents have at least one social media account, and their social media presence is growing. Food and beverage companies profit on this trend by promoting their products to teens via social media. Depending on the nutritional value of the products being advertised, the influence of social media marketing may increase the chance of acquiring negative health consequences such as obesity, hypertension, and type 2 diabetes. The purpose of this review was to look into the effects of social media on student`s dietary habits.

The Effect of Sales on Net Profit of Food and Beverage Companies Listed on the Indonesian Stock Exchange

The Effect of Sales on Net Profit of Food and Beverage Companies Listed on the Indonesian Stock Exchange

The Effectiveness of Islamic Economic Law in The Application of the Halal Value Chain (HVC) Ecosystem in the Halal Food and Beverage Industry in Indonesia

Indonesia's potential in the halal industry at this time is very calculated, because Indonesia is the country with the largest Muslim population in the world. This role should not only be seen as a captive market, but also should encourage the growth of the halal industry in Indonesia that is able to compete globally. But in reality, currently Indonesia's halal food and beverage industry has not been included in the top 10 countries with the best halal food and beverage performance in the world. Whereas on the other hand, Indonesia actually has a great opportunity to develop halal products in this sector. The purpose of this study is to determine the effectiveness of Islamic economic law in the application of the halal value chain (HVC) ecosystem in the halal food and beverage industry in Indonesia. This research method uses a qualitative type of research with a descriptive analysis approach. The implementation of this researchwas carried out at food and beverage companies in Indonesia. The subject of the study was the Head of General Affairs of halal food and beverage managers and halal food and beverage employees in Indonesia. The subject was taken by purposive sampling. The researcher's goal is to take the problems that exist in the Indonesian halal food and beverage industry by implementing the Halal Value Chain ecosystem<strong>.</strong> Data collection techniques were carried out by observation, interviews, and questionnaires conducted to the Head of General Affairs of the food and beverage industry. The results of this study show that based on data from the Central Stastistic Agency (BPS) related to the Data on the Number of Halal Food and Beverage Exports in 2022 After the implementation of HVC shows that there is an increase in the export process and a reduction in the Import process, this means that the application of HVC in halal food and beverages in Indonesia is very influential so that it can increase the effectiveness of the halal product even though it has not fully run optimally. The supporting factors for the success of HVC are government support, dedicated assets, information technology, human resource management, collaborative partnerships, halal certification and halal traceability

Pengaruh Struktur Modal, Ukuran Perusahaan Dan Umur Perusahaan Terhadap Nilai Perusahaan: Survey Pada Sektor Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2019

This study aims to determine the effect of capital structure, firm size and firm age on firm value in food and beverage companies listed on the Indonesia Stock Exchange. This type of research is quantitative research. The sample used was 19 companies from a population of 26 food and beverage companies listed on the Indonesian stock exchange in 2015-2019. This study uses secondary data, the data analysis method used is the panel data regression analysis method. The results showed that simultaneously capital structure, firm size and firm age had an effect on firm value. Then, partially capital structure and firm age have a significant negative effect on firm value. On the other hand, firm size has no significant negative effect on firm value. The amount of the Adjusted R Square (R2) is 0.692658 or 69.26%, which means that the ability of the independent variable to explain the variation in the dependent variable change is 69.26%, while the rest is 0.30% (100% - 69.26%) is influenced by other factors outside the research variables. The results of this study are expected to be taken into consideration by companies when they want to increase company value.

Research on the Practice and Optimization of Advertising & Marketing Strategies for Food and Beverage Brands: Case Study on McDonald

McDonald's is one of the biggest food & beverage companies in the Chinese market, while other competitors always admired the advertising and marketing strategies of McDonald's. Using McDonald's viewed by a sample of consumers matching the Chinese market on communication and advertising, the author examined the content of advertisements from McDonald's. Through the participatory observation of the advertising of McDonald's, this research revealed that discounts, gifts, and puns, all contributed to the success of McDonald's. This research uncovers a mechanism for how strategies work to affect consumers' attitudes. In addition to the development of the brand, the development of McDonald's helped this research to elicit additional internal processing of the brand image construction. This has implications for the limited capacity model of motivated mediated message processing, as well as for marketers relating to the success of McDonald's, which recommended following an effective strategy in its advertising.

Insights and dynamics of circular business model in developing countries' context: The empirical analysis of the returnable glass bottles process

AbstractDespite the growing understanding that circular business models (CBMs) play a pivotal role in facilitating the transition from a linear to a circular economy, there is a lack of relevant literature on how CBMs can be implemented in businesses in developing countries. This study addresses this significant gap in the literature by revealing the insights and dynamics of the implementation of a CBM in a typical developing economy—Nigeria. A notable business model adopted by breweries and beverage companies in Nigeria—a returnable glass bottle process—was investigated through an in‐depth exploration of six companies in a qualitative case study that involves collecting data through interviews, exploratory field observation, and documented evidence (literature). The study generated empirical‐based evidence on how CBM can be implemented in a business value chain where formal and informal actors co‐exist and interact. It also discloses several barriers and enablers associated with CBM implementation in the context of developing economies. Collaboration, social inclusiveness, waste management, durable product design, and cost reductions are some of the enablers identified in the study. The key barriers are largely external and conspicuously linked to the socio‐economic disadvantages peculiar to developing economies such as the absence of effective legislature, lack of infrastructure, lack of technological innovation, unavailability of finance, and the emergence of large retail stores that operate on a disruptive business model. Finally, the current research provides practical suggestions and recommendations for the appropriate designing and transitioning of CBMs in developing countries' context.

The Influence of Profitability and Leverage on Tax Avoidance in Food and Beverage Companies Registered on BEI in 2019 - 2023 (Tri Wulan III)

The aim of this research is to determine the effect of profitability and leverage on tax avoidance carried out in food and beverage companies listed on the Indonesia Stock Exchange for the period 2019 - 2023 (Tri Wulan III). This research uses a quantitative method, namely by conducting verification research with an explanatory survey method, a method that aims to test hypotheses. The samples used in this research were 10 with a total of 50 data samples studied. The techniques used in this research are descriptive statistics, classical assumption tests, multiple linear regression hypothesis tests and coefficient of determination tests. The results of this research show that partially there is no significant influence of profitability and leverage on tax avoidance. Simultaneously, profitability and leverage do not have a significant effect on tax avoidance in food and beverage companies listed on the Indonesia Stock Exchange.

PENGARUH MANAJEMEN LABA DAN RASIO KEUANGAN TERHADAP PERINGKAT OBLIGASI PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

This study examines the effect of earnings management and financial ratios on bond ratings. The variables used are 1) The effect of earnings management on bond ratings, 2) The effect of liquidity ratio on bond rating, 3) The effect of activity ratio on bond rating, 4) The effect of solvency ratio on bond rating, 5) The effect of profitability ratio on bond rating. The samples used in the study based on criteria are food and beverage companies that have consecutive bond ratings from 2015 to 2020. From the results of purposive sampling logistic regression, which includes descriptive statistical tests, research model tests, and logistic regression tests. The results of hypothesis testing show that earnings management, liquidity ratio, and profitability ratio have no significant effect on bond ratings, while activity ratio and solvency ratio have a significant effect on bond ratings.
 Keywords: Earnings Management; Financial Ratio; Activity Ratio; Bond Rating; Liquidity Ratio, Profitability Ratio; Solvency Ratio

The Influence of Profitability and Solvency on Stock Prices with Dividend Policy as a Moderating Variable in Food and Beverage Sector Companies on the Indonesian Stock Exchange 2020-2022

This research aims to analyze the influence of profitability and solvency on share prices with the dividend policy variable as a moderating variable in Food and Beverage sector companies listed on the Indonesia Stock Exchange during the 2020-2022 period. Currently, unstable economic conditions have changed the behavior of investors, who have become more careful in allocating their capital. Share prices are considered a reflection of company value and are a major concern for investors. The food and beverage sector in Indonesia offers attractive investment potential due to increasing demand and products that compete in the global market. Data analysis in this research involves food and beverage companies listed on the IDX during the 2020-2022 period. PLS analysis technique- Structural Equation Modeling (SEM) with the help of the SmartPLS 3 application. Research findings show that profitability, as measured by Return on Assets (ROA), and solvency, as measured by the Debt to Equity Ratio (DER), do not have a significant influence on price changes share. Apart from that, dividend policy also does not have a significant impact on share prices. Furthermore, it was found that dividend policy did not significantly influence the relationship between ROA and share prices, but there was limited moderation in the relationship between DER and share prices.

Determinants of Capital Structure and their Effect on Firm Value: Evidence on Food and Beverage Companies in Indonesia

Objectives: In this study, capital structure is used as an intermediary variable to examine how liquidity, profitability, and company size affect firm value. This study is anticipated to serve as a resource for future research as well as help businesses and investors make a variety of decisions.Methodology: This study uses secondary data and is quantitative. These facts were gathered via documentation methods. All of the firms in the food and beverage sectors that are listed on the IDX 2020–2021 make up the study's population. Purposive sampling was used to collect samples from 158 observations.Finding: According to the study's findings, liquidity, profitability, firm size, and capital structure had an impact on share value while only partially having an impact on capital structure. The outcomes of the path analysis demonstrate that while profitability has an impact on share value mediated by capital structure, liquidity, and company size do not have an impact on share value.Conclusion: Future researchers are urged by the findings of this study to include other variables, including external variables like inflation, interest rates, and taxes which may have an impact on business value

CORPORATE ATTRIBUTES AND BANKRUPTCY PREDICTION: THE CASE OF LISTED HALAL FOOD AND BEVERAGE COMPANIES

The study investigates the relationship between corporate attributes and the probability of bankruptcy of halal food and beverage companies in five countries: Indonesia, Malaysia, Pakistan, Saudi Arabia and the United Arab Emirates (UAE). Using a sample of 56 firms from 2008 to 2021, we find the working capital period (cash conversion cycle), leverage and firm growth to increase the probability of these companies becoming bankrupt. In contrast, liquidity, profitability and firm size reduce the likelihood of these firms being declared bankrupt. The findings reveal essential firm attributes that should be helpful to the management of halal food and beverage firms, relevant regulators and potential investors toward ensuring the firms’ sustainable operations.

Analisis Kinerja Perusahaan Sebelum dan Saat Pandemi serta Pengaruhnya terhadap Nilai Perusahaan

This study aims to conduct tests and analyses related to differences in financial performance before and after the COVID-19 pandemic and to see whether financial performance affected the value of food and beverage companies listed on the Indonesia Stock Exchange in 2018-2021. This research proxies firm value using price-to-book value (PBV). Meanwhile, financial performance is divided into three independent variables: Return on Assets as a measure of profitability, receivable turnover, and debt-to-equity ratio (DER) as a measure of leverage. This quantitative research method uses purposive sampling so that 23 companies are obtained, 46 samples for the different tests, and 92 samples for the influence test. This research used the paired sample t-test and the Wilcoxon test for the difference test, and the panel data regression test was used for the effect test. Processing data is carried out using the STATA Version 16 application. Based on the results of the tests that have been carried out, it is found that profitability differs between before and during the COVID-19 pandemic. In contrast, receivable turnover and leverage have no difference. Lastly, the influence test in this study shows that profitability significantly affects firm value, while accounts receivable turnover and leverage do not affect the firm value.

Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Pada Perusahaan Manufaktur Sub Sektor Food And Beverage Yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2022

This research aims to determine the influence of Value added Capital employed (VACA), Value added Human capital (VAHU) and Structural capital Value added (STVA) together on the Financial Performance of Manufacturing Companies in the Food and Beverage Sub Sector listed on the Indonesia Stock Exchange for the period 2019-2022. The data source in this research is secondary data, namely the annual financial reports (Annual Report) of food and beverage companies listed on the Indonesia Stock Exchange which report their finances for 2019-2022. This analysis uses calculations through statistical methods. Based on its type, this research uses a quantitative method approach with panel data analysis tools. Based on the population and sample, this research focuses on manufacturing companies in the food and beverage sector listed on the Indonesia Stock Exchange during the period 2017 to 2020, namely 12 companies. Value added capital employed (VACA), value added human capital (VAHU) and structural capital value added (STVA) together influence the return on assets of manufacturing companies in the food and beverage sub-sector listed on the IDX for the 2019-2022 period.

PENGARUH STRUKTUR MODAL DAN PROFITABILITAS TERHADAP RETURN SAHAM STUDI PADA PERUSAHAAN SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA 2019-2022

The purpose of this study was to examine the effect of Capital Structure and Profitability on Stock Returns in food and beverage companies listed on the Indonesia Stock Exchange in 2019 2022.This type of associative research with a quantitative approach. Samples were taken using purposive sampling technique. In this study, the sample consisted of 27 companies from 30 food and beverage companies listed on the Indonesia Stock Exchange in 2019-2022, so the research data analyzed amounted to 108 observations. The panel data analysis method in this research is multiple linear regression analysis using Eviews version 12. The results of this research show that the Debt to Equity Ratio has a positive but significant effect on stock returns. Meanwhile, Return On Asset shows that it has a positive and insignificant effect on stock returns. For further research, it is hoped that researchers can expand the scope of research objects to the company sectors on the Indonesian Stock Exchange so that they can add more diverse research variables.

PENGARUH PRODUK DOMESTIK REGIONAL BRUTO (PDRB), INVESTASI, JUMLAH PENDUDUK, DAN INFLASI TERHADAP PENDAPATAN ASLI DAERAH PROVINSI NTB TAHUN 2010-2022

The purpose of this study was to examine the effect of Capital Structure and Profitability on Stock Returns in food and beverage companies listed on the Indonesia Stock Exchange in 2019 2022.This type of associative research with a quantitative approach. Samples were taken using purposive sampling technique. In this study, the sample consisted of 27 companies from 30 food and beverage companies listed on the Indonesia Stock Exchange in 2019-2022, so the research data analyzed amounted to 108 observations. The panel data analysis method in this research is multiple linear regression analysis using Eviews version 12. The results of this research show that the Debt to Equity Ratio has a positive but significant effect on stock returns. Meanwhile, Return On Asset shows that it has a positive and insignificant effect on stock returns. For further research, it is hoped that researchers can expand the scope of research objects to the company sectors on the Indonesian Stock Exchange so that they can add more diverse research variables.

REVIEW OF CORPORATE SOCIAL RESPONSIBILITY ON CORPORATE FINANCIAL PERFORMANCE IN FOOD AND BEVERAGE SUB-SECTOR COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE

Corporate Social Responsibility (CSR) has emerged as an essential element of corporate operations, signifying a company's dedication to tackling environmental, social, and ethical concerns. This study aims to analyze the impact of corporate social responsibility (CSR) on the financial performance of Food and Beverage companies listed on the Indonesia Stock Exchange from 2016 to 2022. The Global Reporting Initiative (GRI) index is used as a measurement tool for CSR. The independent variable in this study is CSR, while the dependent variable is either Return on Assets (ROA) or Return on Equity (ROE). The research focuses on companies in the food and beverage subsector listed on the IDX during the specified period. The sample for this study is selected using the purposive method, which involves predetermined standards. Secondary data from the Indonesia Stock Exchange (IDX) for the period 2016 to 2022 is utilized for analysis. The findings of this study indicate that CSR has an insignificant positive impact on ROA, but it does have a significant positive impact on ROE.

The influence of liquidity, profitability, company size, company growth and company age on company value (Case study on food and beverage companies listed on the Indonesian Stock Exchange period 2018 - 2022)

The influence of liquidity, profitability, company size, company growth and company age on company value (Case study on food and beverage companies listed on the Indonesian Stock Exchange period 2018 - 2022)

THE EFFECT OF COMPANY SIZE, ROA, ROE, AND DER ON F&B COMPANY CSR ON IDX 2017-2022

Finding out what influences corporate social responsibility is the driving force behind this study, which aims to examine food and beverage companies listed on the Indonesian stock exchange. Organizational size, ROA, ROE, and debt-to-equity ratio are some of these considerations. This study's population consists of publicly traded food and beverage companies in Indonesia. Researchers in this study used a purposive sampling technique that included a random selection of 30 companies. The procedures used in this investigation to test different hypotheses include a coefficient of determination, a t-test, an f-test, and multiple linear regression analysis. A negative and statistically significant effect of the debt-to-equity ratio on CSR exists, even though the study found that ROA and ROE had no effect on CSR. Companies in Indonesia's food and beverage industry that are public face different levels of CSR scrutiny based on metrics like company size, ROA, ROE, and debt-to-equity ratio, among others