Optimizing Corporate Value: A Financial Analysis of Food and Beverage Companies

Abstract

Purpose – This Study aims to determine the effect of and Asset Structure, Capital Structure, Profitability, and Firm Value

Design/methodology/approach – This study employs quantitative data, using a sample of 28 companies from the Food and Beverage sub-sector listed on the Indonesia Stock Exchange during the 2020-2024 period. The analysis technique used to test the hypothesis in multiple regression analysis conducted using Eviews9 software.

Findings – The result indicate that the Assets Structure variable has a positive but statistically insignificant effect on Firm Value; the Capital Structursse variable has a positive and statistically significant effect on Firm Value; and the Profitability variable has a negative but statistically insignificant effect on Firm Value.

Research limitations/implications – This Study discusses Firm Value and other factors such as Asset Structure, Capital Structure, and Profitability, focusing on companies in the Food and Beverage subsector companies. The result indicate that capital structure plays a more significant role in enhancing firm value, therefore, companies need to consider this factor when determining their financing policies.

JEL : G32, G30