Analysis of Profitability, Leverage, and Ownership Structure on the Value of Manufacturing Companies Listed on the IDX Food and Beverage Subsector 2019-2023 Period

Abstract

This study aims to determine and analyze the effect of profitability (ROA), leverage (DER), and ownership structure (Kl) simultaneously on company value (Tobin's Q). This type of research can be classified as quantitative research because it is expressed in numbers that indicate the magnitude of the value of the variables studied. The data analysis method used is multiple linear regression analysis. Based on the results of the t hypothesis test, it can be concluded that ROA has an effect, and KI has a significant effect on Tobin's Q. Based on the results of the F hypothesis test, it can be concluded that ROA, DER, and KI simultaneously have a significant effect on Tobin's Q.