Imiddaviq, M. Bahril
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Pengaruh Profitabilitas, Solvabilitas Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Intervening Ningsih, Ajeng Kasiatin; Setiono, Hari; Imiddaviq, M. Bahril
EKALAYA : Jurnal Ekonomi Akuntansi Vol. 3 No. 3 (2025): Ekalaya : Jurnal Ekonomi Akuntansi
Publisher : CV. Kalimasada Group

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59966/ekalaya.v3i3.2062

Abstract

This study examines the impact of profitability and solvency on firm value, with firm size as an intervening variable, in food and beverage companies listed on the Indonesia Stock Exchange (IDX) in 2020 to 2024. This research is driven by inconsistent results from previous studies and the dynamic conditions faced by this sector in the post-pandemic era. A quantitative associative method was used with purposive sampling, resulting in 29 companies as research samples and 145 observations. Data were analyzed using multiple linear regression and path analysis with IBM SPSS 2022. Return on equity (ROE) measures profitability, debt-to-equity ratio (DER) measures solvency, price-to-book value (PBV) measures firm value, and total assets (Ln) measures firm size. The findings show that profitability and solvency significantly affect firm size. Profitability and firm size significantly affect firm value, while solvency shows no direct impact on firm value. However, both profitability and solvency indirectly affect firm value through firm size. These results show how important firm size is in linking financial ratios and provide concrete evidence supporting signaling theory to explain how investors view the food and beverage industry in Indonesia.
Pengaruh Umur Perusahaan, Kebijakan Dividen, dan Ukuran Perusahaan terhadap Nilai Perusahan pada Perusahaan Manufaktur Yang Terdaftar di BEI Imiddaviq, M. Bahril; Bibaborbir, Makdalena Pransina
BISMA : Business and Management Journal Vol. 3 No. 3 (2025): Bisma : Business and Management Journal
Publisher : CV. Kalimasada Group

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59966/bisma.v3i3.2074

Abstract

The Influence of Firm Age, Dividend Policy, and Firm Size on Firm Value in Manufacturing Companies Listed on the Indonesia Stock Exchange. Undergraduate Thesis, Accounting Study Program, Faculty of Economics, Universitas Islam Majapahit (UNIM). The Indonesian capital market has experienced rapid growth, marked by increased investor participation and the complexity of financial decisions. Firm value has become the primary focus as it reflects long-term prospects and performance. This study examines the influence of firm age, dividend policy, and firm size on firm value in the manufacturing sector listed on the Indonesia Stock Exchange (IDX). The sample consists of 48 firms from the 2022–2024 period using purposive sampling. The analysis uses path analysis (SPSS 22). The results reveal that company age does not have a significant effect on company value. Conversely, dividend policy and company size are found to have a significant effect on company value.