THE INTERNAL FACTORS AFFECTING FIRM VALUE IN FOOD AND BEVERAGES SUBSECTOR ON INDONESIA STOCK EXCHANGE

Authors

  • JESSICA JESSICA Trisakti School of Management
  • BENY BENY Trisakti School of Management
  • AGUSTINUS SRI WAHYUDI
  • YUPITER GULO

DOI:

https://doi.org/10.34208/ejmtsm.v3i4.2343

Keywords:

Firm Value, Financial Ratio, Food and Beverages, Multiple Regression

Abstract

The objective of this study is to find the causal relationship between financial ratios such as return on equity, total asset turnover, debt to equity, current ratio, and firm size to value of the firm. Data for this study came from 42 food and beverage companies listed on the Indonesia Stock Exchange that  published their annual financial reports. The total sample for this study was 90, drawn from 10 companies over a period of 9 years. Secondary data was collected from the Indonesian Stock Exchange website with multiple regression analysis using Eviews 12. The results of the research showed that return on equity, total asset turnover, and firm size have an impact on firm value. Meanwhile debt to equity ratio and current ratio have an insignificant effect on firm value.

Published

2023-12-31

How to Cite

JESSICA, JESSICA, BENY BENY, AGUSTINUS SRI WAHYUDI, and YUPITER GULO. 2023. “THE INTERNAL FACTORS AFFECTING FIRM VALUE IN FOOD AND BEVERAGES SUBSECTOR ON INDONESIA STOCK EXCHANGE”. E-Jurnal Manajemen Trisakti School of Management (TSM) 3 (4):229-38. https://doi.org/10.34208/ejmtsm.v3i4.2343.