The Effect of ROA, CR, and DER on Company Value in the Consumer Goods Industry, Food and Beverage Packaging Sub Sector, 2018–2023 Period
Teguh, Firmansyah and Fikran, Fakhry Fauzan and Benny, Dhevyanto and Krisdiana, Krisdiana (2025) The Effect of ROA, CR, and DER on Company Value in the Consumer Goods Industry, Food and Beverage Packaging Sub Sector, 2018–2023 Period. Indonesian Journal of Advanced Research (IJAR), 4 (6). pp. 611-626. ISSN 2986-0768
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Abstract
This study aims to analyze the effect of Return on Assets (ROA), Current Ratio (CR), and Debt to Equity Ratio (DER) on company value in the packaged food and beverage subsector on the Indonesia Stock Exchange for the period 2018–2023. Using a quantitative approach and multiple linear regression analysis of 144 panel data observations, the results show that ROA and CR have a positive and significant effect on company value, while DER has no significant effect. The research model explains 79.7% of the variation in company value. These findings emphasize the importance of profitability and liquidity in increasing market valuation, and provide practical implications for management in post-pandemic strategic financial management.
| Item Type: | Article |
|---|---|
| Subjects: | J Economics and Business > JC Management (General) |
| Divisions: | Fakultas Ekonomi dan Bisnis > Manajemen |
| Depositing User: | Teguh Firmansyah |
| Date Deposited: | 18 Sep 2025 07:42 |
| Last Modified: | 18 Sep 2025 07:42 |
| URI: | https://eprints.ugj.ac.id/id/eprint/2644 |
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