<![CDATA[Purpose – This quantitative causal research aims to analyze the effect of profitability, liquidity, and capital structure on firm value in food and beverage manufacturing companies listed on the Indonesia Stock Exchange during the 2020–2023 period. Design/methodology/approach – This study uses secondary data from 28 companies selected through a saturation sampling technique. Data were analyzed using multiple linear regression with SPSS for Windows version 30. Findings – The results show that profitability has a positive and significant effect on firm value, while liquidity and capital structure have negative and significant effects. Overall, the three variables are able to explain variations in firm value. Originality/value – This study contributes to financial management literature by providing empirical evidence on the combined impact of profitability, liquidity, and capital structure on firm value in the Indonesian food and beverage sector.]]>
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