Analisis Pengaruh Investment Opportunity Set, Capital Expenditure, Ukuran Perusahaan dan Struktur Modal Terhadap Nilai Perusahaan pada Perusahaan Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2023

Abstract

This study aims to identify and analyze the effect of the Investment Opportunity Set, Capital Expenditure, Company Size, and Capital Structure on the Firm Value of companies in the food and beverage sub sector listed on the Indonesia Stock Exchange for the period 2019-2023. This research is associative with a quantitative approach, and the type of data used is secondary data obtained from financial statements published on the Indonesia Stock Exchange website (www.idx.co.id) and related company websites. The population of this study consists of 24 food and beverage sub sector companies listed on the Indonesia Stock Exchange during the 2019-2023 period, and the entire population was used as the research sample. The analytical technique employed is multiple linear regression using panel data with the Random Effect Model approach. The results of the study show that the Investment Opportunity Set has a positive and significant effect on Firm Value, Capital Expenditure has a positive and significant effect on Firm Value, Company Size has a positive and insignificant effect on Firm Value, and Capital Structure has a negative and significant effect on Firm Value.