Factors Affecting Company Value In Food And Beverage Manufacturing Companies Listed On The Indonesian Stock Exchange From 2020 To 2022

Collin Monica Yarden

Abstract


ABSTRACT

This study aims to analyze the influence of Firm Size, Return on Assets (ROA), Debt to Equity Ratio (DER), Debt to Assets Ratio (DAR), and Net Profit Margin (NPM) on Firm Value as proxied by Price to Book Value (PBV). The research employs secondary data obtained from annual financial reports of companies listed on the Indonesia Stock Exchange (IDX), with a total of 36 observations. The analytical method used is multiple linear regression, along with classical assumption tests and hypothesis testing through t-test, F-test, and the coefficient of determination (R²). The results indicate that Firm Size, ROA, and DER have a significant positive effect on Firm Value. Meanwhile, DAR and NPM show no significant effect on PBV. Simultaneously, the five independent variables significantly influence Firm Value with a significance level below 0.05. These findings support agency theory, which posits that effective management by agents can enhance Firm Value and reduce conflicts of interest with principals.


Keywords


Firm Value, Firm Size, ROA, DER, DAR, NPM

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References


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