Research Article
The Influence Of Profitability, Liquidity, And Company Size, On The Company's Value In The Company Food And Beverages At Bei Year 2018 – 2023
@INPROCEEDINGS{10.4108/eai.1-8-2024.2354181, author={Heny Khurniawati and Alkusani Alkusani and Anita Akhiruddin}, title={The Influence Of Profitability, Liquidity, And Company Size, On The Company's Value In The Company Food And Beverages At Bei Year 2018 -- 2023}, proceedings={Proceedings of the 1st International Conference on Business Economics, Entrepreneurship, and Social Sciences, ICBEESS 2024, 1st August 2024, Gresik, East Java, Indonesia}, publisher={EAI}, proceedings_a={ICBEESS}, year={2026}, month={2}, keywords={profitability liquidity company size company value}, doi={10.4108/eai.1-8-2024.2354181} }- Heny Khurniawati
Alkusani Alkusani
Anita Akhiruddin
Year: 2026
The Influence Of Profitability, Liquidity, And Company Size, On The Company's Value In The Company Food And Beverages At Bei Year 2018 – 2023
ICBEESS
EAI
DOI: 10.4108/eai.1-8-2024.2354181
Abstract
This study examines the influence of profitability, liquidity, and firm size on firm value among food and beverage companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2023. Employing a quantitative method with purposive sampling, the research selects 23 companies that meet the specified criteria. The analysis utilizes panel data multiple regression, where Return on Assets (ROA), Current Ratio (CR), and firm size measured by the natural logarithm of total assets function as the independent variables. Firm value is assessed using the Price to Book Value (PBV) ratio. The results indicate that profitability, represented by ROA, has a significant positive impact on firm value. Meanwhile, liquidity shows no significant effect. Firm size also exhibits a significant positive relationship with firm value. Overall, the findings highlight that a company’s profitability and scale are key determinants in enhancing its market valuation within the food and beverage industry.
