The Effects of Business Risk, Debt Ratio, and Company Size on Corporate Financial Performance (A Study of Food and Beverage Companies Listed on the Indonesian Stock Exchange From 2015 to 2024)

Aria Aji Priyanto (Universitas Pasundan)
Jaja Suteja (Universitas Pasundan)
Dedi Mulyadi (Universitas Pasundan)
Horas Djulius (Universitas Pasundan)
Liza Laila Nurwulan (Universitas Pasundan)

Formosa Journal of Multidisciplinary Research (FJMR)
Vol. 5 No. 4 (2026): April 2026

The objective of this study is to examine the effects of business risk, debt ratios, and firm size on the financial performance of food and beverage companies listed on the Indonesia Stock Exchange during the period 2015–2024. This is a quantitative descriptive study using purposive sampling, resulting in one sample from the food and beverage sector. The data analysis technique employed was multiple linear regression using SPSS 26 software. The data used were secondary data obtained from www.idx.co.id. The study found that business risk, debt ratios, and firm size significantly influence a company’s financial performance.