Nilai Perusahaan Yang Dipengaruhi Liquidity, Profitability, Firm Size, Managerial Ownership

Abstract

This study aims to determine the effect of Liquidity, Profitability, Company Size and Managerial Ownership on Company Value in Food and Beverage Sub-Sector Manufacturing Companies listed on the Indonesia Stock Exchange in 2018-2022. The variables used in this study are Current Ratio (CR) (X₁), Return on Equity (ROE) (X₂), Firm Size (FS) (X₃), Cash Holding (X₄), and Price to Book Value (Y). The research method used is quantitative method using secondary data. The samples used in the study were 6 manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock Exchange (IDX) in 2018-2022. The regression model used is the multiple linear regression analysis method (Ordinary Least Squares Regression Analysis) using panel data and using a fixed effect approach (Fixed Effect Model) The data is processed using Eviews Version 7 software. The results of this study indicate that CR has a coefficient value of 0.006574 and a probability significance value of 0.0415 <0.05, which means that CR partially has a positive and significant effect on Firm Value. ROE has a coefficient value of 4.640240 and a probability significance value of 0.0481 <0.05, which means that ROE partially has a positive and significant effect on Firm Value. Company Size has a coefficient value of 0.984075 and a probability significance value of 0.0024 <0.05, which means that Company Size has a positive and significant effect on Firm Value. Managerial Ownership has a coefficient value of 4.509256 but has a probability significance value of 0.1838> 0.05, which means that Managerial Ownership has no significant effect on Firm Value. Simultaneously, the variables CR, ROE, Company Size and Managerial Ownership can explain the dependent variable, which is 94.3% and 5.7% explained by other variables outside the study. Therefore, it is recommended that companies continue to pay attention to the ratios selected in this study, so that the company's value will be able to increase and there are no more manufacturing companies in the food and beverage sub-sector that have decreased their company value or even collapsed. and for the central government and local governments to collaborate to improve the investment climate both foreign and domestic investment, especially in manufacturing companies in the food and beverage sub-sector.