Pengaruh Inflasi, Suku Bunga, dan Nilai Tukar terhadap Nilai Perusahaan pada Perusahaan Subsektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2017–2022

Murjiani, Dini
Reza Adiyanto, Mochamad

Accounting and Management Journal
Vol 7 No 2 (2023): Accounting and Management Journal

Economic fluctuations in a country can influence firm value, particularly in the food and beverage sub-sector listed on the Indonesia Stock Exchange (IDX). This study aims to examine the effect of inflation, interest rates, and exchange rates on firm value, both simultaneously and partially. A quantitative research method was employed using multiple linear regression analysis. The results of the F-test indicate that inflation, interest rates, and exchange rates collectively have a positive and significant impact on firm value. However, the t-test results show that inflation has a negative and insignificant effect on firm value, interest rates have a positive and significant effect, while exchange rates have a negative and insignificant effect. These findings suggest that among the examined macroeconomic variables, interest rates play the most influential role in determining firm value within the food and beverage sub-sector listed on the IDX.