Finance Factor Influential Towards Company Value in Perspective Theory Signal (Study Empirical Food and Beverage Companies on the Indonesia Stock Exchange)

Abstract

Aims: This study aims to test the influence of size, leverage, and profitability on company value. Study Design: The design of this research study is correlational. Place and Duration of Study: Indonesian Stock Exchange (IDX) issuers in 2024. Methodology: A population of 98 companies in the food and beverage sector was listed on the Indonesia Stock Exchange (IDX) in 2024, while a sample of 69 selected companies was purposively selected. Data obtained from the Financial Data Ratio on the IDX website. Technique analysis using a multiple linear regression model with SPSS 24 tools. Results: Research results indicate that the size of the company has not significant negative influence on company value, while the debt-to-assets ratio (DAR) and return on assets (ROA) have a positive and significant impact on company value. Conclusion: Based on the results of the contribution study, this supports signalling theory by giving proof of empirical enhancement of company size, leverage, and profitability in increasing company value.