Bharasumba Jurnal Multidispliner
Vol 5 No 03 (2026): BHARASUMBA: Jurnal Multidisipliner

DAMPAK FINANCIAL BRAND VALUE TERHADAP PROFITABILITAS DAN NILAI PERUSAHAAN (Study Perusahaan Consumer Non-Cyclicals Sub-Industri Food & Baverage 2018-2023)

Wahyuniati Hamid (Jurusan Manajemen, Universitas Halu Oleo Kendari)
Sujono (Jurusan Manajemen, Universitas Halu Oleo Kendari)
Elvi (Jurusan Manajemen, Universitas Halu Oleo Kendari)
Dzulfikri Azis Muthalib (Universitas Halu Oleo Kendari)



Article Info

Publish Date
31 Jul 2026

Abstract

Brand value is an important intangible asset that can enhance customer loyalty, reduce marketing costs, and support premium pricing, thereby contributing to a company's profitability and firm value. This study aims to examine the impact of financial brand value on profitability and firm value in the Food & Beverage sub-industry in Indonesia during the 2019–2023 period, using a quantitative research design with annual report data from 17 companies selected through purposive sampling. Data were analyzed using panel regression, classical assumption tests, and hypothesis testing. The results show that financial brand value has no significant effect, and tends to be negatively related, to ROA, ROE, and ROC. The prestige driver shows mixed and insignificant results across all three profitability indicators. The loyalty driver is the most significant positive factor influencing ROA and ROE. The extension driver generally shows no significant effect. Regarding firm value, brand value has a significant positive effect on stock price but an insignificant negative relationship with Tobin's Q. Interestingly, the previous year's brand value has a significant positive effect on ROA and ROC, indicating a long-term effect of brand value on financial performance.

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Journal Info

Abbrev

bharasumba

Publisher

Subject

Religion Arts Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Transportation Other

Description

Jurnal Multidisipliner Bharasumba is a quarterly journal that is published in January, April, July, and October. Jurnal Multidisipliner Bharasumba seeks Review articles, Case reports and original contributions from all areas of: Social Science and Humanities; Life Sciences; Health Science; Physical, ...