PENGARUH CASH HOLDING, PROFITABILITY, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR FOOD AND BEVERAGE PERIODE 2021-2023

Hartawanlie, Nelson Noverius (2024) PENGARUH CASH HOLDING, PROFITABILITY, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR FOOD AND BEVERAGE PERIODE 2021-2023. Skripsi thesis, Universitas Tarumanagara.

Text Nelson Noverius Hartawan Lie 125210214 JA.pdf Download (1MB)

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Cash Holding, Profitability
(yang diukur menggunakan Return on Assets/ROA), dan Leverage (yang diukur
menggunakan Debt to Equity Ratio/DER) terhadap nilai perusahaan sektor Food
and Beverage yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2021–
2023. Pendekatan penelitian ini bersifat kuantitatif dengan metode analisis regresi
data panel. Sampel penelitian dipilih menggunakan teknik purposive sampling dan
terdiri dari 23 perusahaan dengan total 69 observasi setelah outlier dihilangkan.
Hasil penelitian menunjukkan bahwa secara simultan ketiga variabel independen
berpengaruh signifikan terhadap nilai perusahaan. Namun secara parsial, hanya
ROA dan DER yang memiliki pengaruh signifikan, sedangkan Cash Holding tidak
berpengaruh signifikan terhadap nilai perusahaan. Nilai adjusted R-square sebesar
38,19% menunjukkan bahwa variabel-variabel dalam model ini mampu
menjelaskan sebagian variasi nilai perusahaan, sementara sisanya dipengaruhi oleh
faktor lain di luar model. Temuan ini menekankan pentingnya pengelolaan
profitabilitas dan struktur modal dalam upaya meningkatkan nilai perusahaan,
khususnya dalam sektor industri makanan dan minuman.
Kata kunci: Cash Holding, Profitability, Return on Assets, Leverage, Debt to
Equity Ratio, Nilai Perusahaan

This study aims to analyze the effect of Cash Holding, Profitability (measured by
Return on Assets/ROA), and Leverage (measured by Debt to Equity Ratio/DER) on
firm value in the Food and Beverage sector listed on the Indonesia Stock Exchange
(IDX) during the 2021–2023 period. This research employs a quantitative approach
using panel data regression analysis. The sample was selected through purposive
sampling, consisting of 23 companies with a total of 69 observations after excluding
outliers. The results show that simultaneously, the three independent variables have
a significant effect on firm value. However, partially, only ROA and DER have a
significant impact, while Cash Holding does not significantly influence firm value.
The adjusted R-square value of 38.19% indicates that the variables in the model explain a portion of the variation in firm value, while the remainder is influenced
by other factors not included in the model. These findings highlight the importance
of profitability management and capital structure in enhancing firm value,
particularly in the food and beverage industry.
Keywords: Cash Holding, Profitability, Return on Assets, Leverage, Debt to Equity
Ratio, Firm Value

Item Type:	Thesis (Skripsi)
Subjects:	Skripsi/Tugas Akhir Skripsi/Tugas Akhir > Fakultas Ekonomi
Divisions:	Fakultas Ekonomi > Akuntansi
Depositing User:	FE Perpus
Date Deposited:	15 Dec 2025 02:49
Last Modified:	15 Dec 2025 02:49
URI:	https://repository.untar.ac.id/id/eprint/48383

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