Business Management
Vol 5, No 1 (2026): Business Management Februari

The Effect of Profitability and Leverage on Firm Value in Food & Beverage Sub-Sector Companies Listed on the Indonesia Stock Exchange (IDX) for the Period 2020–2024

Mulyani, Sri (Unknown)
Putri, Emy Setiawati Melati (Unknown)
Anisah, Dewi Nur (Unknown)



Article Info

Publish Date
01 Feb 2026

Abstract

This study aims to examine the effect of Return on Equity (ROE) and Debt to Asset Ratio (DAR) on Firm Value. The population used in this study consists of all food & beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) during 2020–2024. This research employs a quantitative method. The sampling technique used is purposive sampling based on predetermined criteria. The total population of food and beverage companies is 102, and after applying the sampling criteria, 29 companies were selected over a 5-year period, resulting in 145 research samples. The data used are secondary data in the form of financial statements obtained from www.idx.co.id and the respective company websites. The analytical technique applied is multiple linear regression using IBM SPSS 25 software.The results show that Return on Equity (ROE) has no significant effect on Firm Value. Meanwhile, Debt to Asset Ratio (DAR) has a significant effect on Firm Value. Simultaneously, the results indicate that Return on Equity (ROE) and Debt to Asset Ratio (DAR) have a positive effect on Firm Value.

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Journal Info

Abbrev

Bisnis

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Jurnal Manajemen Bisnis diterbitkan oleh Lembaga Penelitian dan Pendidikan (LPP) Mandala. Artikel berupa tulisan yang diterbitkan versi cetak dan online secara berkala pada bulan Februari dan Agustus di bidang Ilmu Manajemen dan Bisnis. Penerbitan ini memuat tulisan bersifat ilmiah dalam bentuk ...