Pengaruh Profitabilitas, Likuiditas, Leverage, dan Cash Holdings terhadap Nilai Perusahaan pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman di Bursa Efek Indonesia Tahun 2015-2021

Abstract

The purpose of this study was to determine The Effect of Profitability, Liquidity, Leverage, and Cash Holdings on Company Value in Manufacturing Companies in The Food and Beverage Sub-Sector on The Indonesian Stock Exchange 2015-2021. Previous studies regarding company value have shown different results. Therefore, other research needs to be conducted to retesttheories about company value.The population of this study consists of 32 manufacturing companies in the Food and Beverage Sub-Sector. The sample selection is using purposive sampling method, resulting in a sample of 14 companies for a 7-year observation period (2015 - 2021) with a total of 98 observations. Research data was obtained from the sampled companies obtained from the Indonesia Stock Exchange website. The data analysis techniques used include descriptive statistical analysis and multiple linear regression analysis. The data analysis process begins with descriptive statistics, followed by classical assumption tests, multiple linear regression technique, and subsequent hypothesis testing.The results showed that profitability, liquidity, leverage and cash holdings had a positive effect on company value. Simultaneously, profitability, liquidity, leverage and cash holdings collectively influence on company value.