Pengaruh Profitabilitas, Likuiditas, dan Ukuran Perusahaan Terhadap Nilai Perusahaan pada Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia

Abstract

This study aims to examine and verify the influence of profitability, liquidity, and firm size on the firm value of food and beverage companies listed on the Indonesia Stock Exchange. The study population consists of 130 food and beverage companies as of December 31, 2024. A sample of 23 companies was selected using a purposive sampling technique based on specific criteria. Secondary data—specifically company annual reports—were utilized, with data collected through documentation methods. Data analysis was conducted using multiple linear regression with SPSS software. The study results indicate that: (1) profitability contributes to an increase in firm value, as evidenced by the t-test result (p-value 0.001 < 0.05); (2) liquidity contributes to an increase in firm value, as evidenced by the t-test result (p-value 0.014 > 0.05); and (3) firm size contributes to an increase in firm value, as evidenced by the t-test result (p-value 0.000 < 0.05)..