PENGARUH LIKUIDITAS, LEVERAGE, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SUBSEKTOR FOOD AND BEVERAGE YANG TERDAFTAR DI BEI TAHUN 2020-2023
Keywords:
Liquidity, Leverage, Profitability, Company Size, Firm ValueAbstract
The current Indonesian economy has created conditions for quite
tight competition between companies in industry, one of which is
food and beverage companies. This economic and industrial
growth has implications for the value of the company within it.
Assessing company value is important as a benchmark for the
success of a company's business strategy, finances and
sustainability amidst rapid changes in the business environment.
Therefore, good company value can be a special consideration for
investors when investing their capital. This research aims to
determine the influence of liquidity, leverage, profitability and
company size on company value in Food and Beverage subsector
companies listed on the Indonesia Stock Exchange (BEI) in 2020
2023. The type of data used in this research is secondary data. The
number of samples used in this research was 97 companies using a
purposive sampling technique. The analytical method used is
Descriptive Statistics, Classic Assumption Test consisting of
Normality Test, Heteroscedasticity Test, Multicollinearity Test,
Autocorrelation Test, Multiple Linear Regression. Hypothesis
testing uses Model Fit Test and t Test. The data analysis technique
uses SPSS Version 20. The results of this research show that (1)
Liquidity has a positive and significant effect on Company Value (2)
Leverage has a negative and significant effect on Company Value
(3) Profitability has a positive and insignificant effect on Company
Value (4) Company size has a positive and insignificant effect on
company value.
References
Afiani, A., & Mahirun. (2024). Pengaruh kecukupan modal, risiko kredit, efesensi operasional,
likuditas, dan ukuran perusahaan terhadap prfofitabilitas pada perusahaan perbankan.
(1), 1–12.
Afni, C. N., Meliza, M., & Ayuningrum, A. P. (2023). Analisis Pengaruh Profitabilitas, Ukuran
Perusahaan, Dan Likuiditas Terhadap Nilai Perusahaan Dengan Struktur Modal Sebagai
Variabel Moderasi. Jurnal Ekonomi Dan Bisnis, 26(1), 17.
https://doi.org/10.31941/jebi.v26i1.2879
Andiana, B. D. L. (2023). Corporate Social Responsibility As a Mediateer Influence of Company
Size, Profitability, and Leverage on Company Value Corporate Social Responsibility
Sebagai Pemediasi Pengaruh. Costing: Journal of Economic, Business and Accounting, 6,
–2283. file:///C:/Users/Asus/Downloads/149-Article Text-336-2-10-20230204.pdf
Aziz, M. S. N. H., & Widati, L. W. (2023). Pengaruh leverage, profitabilitas, pertumbuhan
perusahaan dan ukuran perusahaan terhadap nilai perusahaan manufaktur industri
barang konsumsi. Journal of Information System, Applied, Management, Accounting and
Research, 7(1), 171–184. https://doi.org/10.52362/jisamar.v7i1.1031
Fajaria, A. Z. (2018). The Effect of Profitability, Liquidity, Leverage and Firm Growth of Firm
Value with its Dividend Policy as a Moderating Variable. International Journal of
Managerial Studies and Research, 6(10), 55–69. https://doi.org/10.20431/2349
0610005
Febriani, R. (2020). Pengaruh Likuiditas Dan Leverage Terhadap Nilai Perusahaan Dengan
Profitabilitas Sebagai Variabel Intervening. Progress: Jurnal Pendidikan, Akuntansi Dan
Keuangan, 3(2), 216–245. https://doi.org/10.47080/progress.v3i2.943
Ghozali, I. (2018). APLIKASI ANALISIS MULTIVARIATE Dengan Program IBM SPSS 25 (Edisi 9).
UNDIP.
Ginanjar, Yogi, & Saparinda, R. W. (2023). Analisis Nilai Perusahaan Melalui Perspektif
Profitabilitas, Pertumbuhan Perusahaan Dan Ukuran Perusahaan. Jurnal Ekonomi Dan
Bisnis, 26.
Iman, C., Sari, F., & Pujianti, N. (2021). Pengaruh Likuiditas dan Profitabilitas Terhadap Nilai
Perusahaan. Jurnal Ilmiah Akuntansi Kesatuan, 19(2).
Kasmir. (2010). Pengantar Manajemen Keuangan (Edisi Kedu). PRENADAMEDIA GROUP.
Kolamban, D. V, Murni, S., & Baramuli, D. N. (2020). Analisis Pengaruh Leverage, Profitabilitas
Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Industri Perbankan Yang
Terdaftar Di BEI. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi,
(3), 174–183. https://ejournal.unsrat.ac.id/index.php/emba/article/view/29862
Lestari, E. S., Rinofah, R., & Maulida, A. (2022). Pengaruh profitabilitas, leverage, kepemilikan
manajerial terhadap nilai perusahaan dengan pengungkapan csr sebagai variabel
moderating. Forum Ekonomi, 24(1), 30–44. https://doi.org/10.30872/jfor.v24i1.10390
Mahardikari, A. K. W. (2021). Pengaruh profitability, liquidity, leverage, dividend policy, firm
size, dan firm growth terhadap nilai perusahaan. Jurnal Ilmu Manajemen Volume 9
Nomor 2 Jurusan Manajemen Fakultas Ekonomika dan Bisnis Universitas Negeri
Surabaya. Jurnal Ilmu Manajemen, 9(2), 399–411.
Mahirun. (2024). Optimalisasi Nilai Perusahaan MNC36 Melalui Peningkatan Profitabilitas Pekalongan University (UNIKAL).
Mipo. (2022). Pengaruh Profitabilitas , Leverage , Ukuran Perusahaan Terhadap Nilai
Perusahaan Dengan CSR Sebagai Moderating Variable Pada Perusahaan. 6, 735–746.
Ndruru, M., Silaban, P. B., Sihaloho, J., Manurung, K. M., & Sipahutar, T. T. U. (2020). Pengaruh
likuiditas, Leverage,Dan profitabilitas terhadap nilai perusahaan pada perusahaan
manufaktur tahun 2015-2017. Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi,
(3), 2621–5306.
Noviyati, & Wulandari Agustiningsih. (2023). The Effect of Financial Performance, Leverage
and Company Size on Company Value in the Food and Beverage Manufacturing Sector.
International Journal of Asian Business and Management, 2(3), 289–308.
https://doi.org/10.55927/ijabm.v2i3.4162
Sakhowi, A., & Mahirun. (2019). Manajemen Keuangan.
Santoso, B. A., & Junaeni, I. (2022). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan,
Likuiditas, dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan. Owner, 6(2), 1597
https://doi.org/10.33395/owner.v6i2.795
Sugiyono, P. D. (2014). METODE PENELITIAN MANAJEMEN (M. P. Setiyawami, SH (ed.)).
ALFABETA, CV.
Sukarya, I. P., & Baskara, I. G. K. (2019). Pengaruh Profitabilitas, Leverage, Dan Likuiditas
Terhadap Nilai Perusahaan Sub Sektor Food and Beverages. E-Jurnal Manajemen
Universitas Udayana, 8(1), 439. https://doi.org/10.24843/ejmunud.2019.v08.i01.p16
Sutama, D. R., & Lisa, E. (2018). Pengaruh leverage dan profitabilitas terhadap nilai perusahaan
(studi pada perusahaan sektor manufaktur food and beverage yang terdaftar di Bursa
Efek Indonesia). Sains Manajemen Dan Akuntansi, X(1), 65–85.
Wulandari, N. M. I., & Wiksuana, I. G. B. (2017). Peranan Corporate Social Responsibility Dalam
Memoderasi Pengaruh Terhadap Nilai Perusahaan. E-Jurnal Manajemen Unud, 6(3),
–1311.
Additional Files
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Copyright @2023. This is an open-access article distributed under the terms of the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License (http://creativecommons.org/licenses/by-nc-sa/4.0/) which permits unrestricted non-commercial used, distribution and reproduction in any medium
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
