Pengaruh tingkat Likuiditas Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Moderasi (Studi Pada Perusahaan Food and Beverage Yang Terdaftar Di Bursa Efek Indonesia Periode 2019-2023)

Shofira Mardiatis Ahada, M. Boy Singgih Gitayuda

Abstract


The purpose of this study is to examine how liquidity affects business value for food and beverage companies listed on the Indonesia Stock Exchange (BEI) between 2019 and 2023, using company size as a moderating variable. The Quick Ratio and Cash Ratio are used to monitor liquidity, which can show how well a firm can meet short-term obligations and affect investors' opinions about its stability and performance. However, it is anticipated that the relationship between liquidity and firm value will either get stronger or weaker depending on the size of the organization, which is determined by its total assets. Price Book Value (PBV), a gauge of market equity, is used to determine a company's worth. The secondary data used in this study was taken from the 2019–2023 annual financial reports of food and beverage companies listed on the Indonesia Stock Exchange. To evaluate the link between these factors, a quantitative approach with moderation was employed as the analytical method in this study. The study's findings indicate that while the cash ratio has a negative impact on company value, the current ratio and quick ratio have a positive impact.


Keywords


Likuiditas,Nilai Perusahaan, Ukuran Perusahaan, Moderasi, Sektor Food And Beverage, Bursa Efek Indonesia

References


Aji, M. K., & AC, A. M. (2024). Pengaruh Likuiditas, Profitabilitas dan Solvabilitas terhadap Harga Saham. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 5(4), 2087–2104. https://doi.org/10.47467/elmal.v5i4.878

Alfarizi, M., Hanum, R. K., & Hidayat, S. A. (2021). Optimizing the Use of Sharia Digital Transactions To Sup- Port Indonesia ’ S Economic Recovery. 6(1), 122–132. https://doi.org/10.20473/jiet.v6.i1.25977

Arikunto, S. (2010). MetodePenelitian. Jakarta: Bumi Aksara.

Becchetti, L., & Trovato, G. (2002). The determinants of growth for small and medium sized firms. The role of the availability of external finance. Small Business Economics, 19, 291–306.

Benton, D. (2002). Financial Management Financial Management. In Nursing Standard (Vol. 16, Issue 43). https://doi.org/10.7748/ns2002.07.16.43.29.b366

Brigham, E. F., & Houston, J. F. (2013). Fundamentals of financial management. South-Western Cengage Learning.

Brigham Jr, D. F. (2019). Mentoring Relationships in the Careers of African American Professional Male Nonprofit Leaders. Capella University.

Creswell, J. W. (2021). A concise introduction to mixed methods research. SAGE publications.

Creswell, J. W., & Creswell, J. D. (2017). Research design: Qualitative, quantitative, and mixed methods approaches. Sage publications.

Fama, E. F., & French, K. R. (1995). Size and book‐to‐market factors in earnings and returns. The Journal of Finance, 50(1), 131–155.

Halim, A., & Hanafi, M. M. (2009). Analisis Laporan Keuangan Edisi 4. UPP STIM YKPN. Yogyakarta.

Horne, J. C. Van, & Wachowicz, J. M. (2012). Principles of financial management. Jakarta: Salemba Empat.

Kasmir, S. (2016). The Mondragon cooperatives and global capitalism: A critical analysis. New Labor Forum, 25(1), 52–59.

Kasmir, S., & Gill, L. (2018). No smooth surfaces: the anthropology of unevenness and combination. Current Anthropology, 59(4), 355–377.

Liana Susanto, R. O. (2020). Pengaruh Profitabilitas, Struktur Modal, Ukuran Perusahaan, Dan Likuiditas Terhadap Nilai Perusahaan. Jurnal Paradigma Akuntansi, 2(2), 594. https://doi.org/10.24912/jpa.v2i2.7624

Malik, M. I. (2015). Analisis Rasio Likuiditas Pada PT. Melati Makassar. AKMEN Jurnal Ilmiah, 12(1), 115–123.

Miller, F. M. and M. H. (n.d.). The Cost of Capital, Corporation Finance and the Theory of Investment. American Economic Association, Vol. 48, N, 37 pages.

Noerirawan, M., & Muid, A. (2012). Pengaruh faktor internal dan eksternal perusahaan terhadap nilai perusahaan (studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2007-2010). Fakultas Ekonomika dan Bisnis.

Nugroho, C., & Arifin, A. (2022). Perusahaan dengan Kualitas Laba sebagai Variabel Moderating ( Studi Kasus pada Perusahaan Manufaktur Sektor Makanan dan Minuman yang terdaftar di Bursa Efek Indonesia Periode 2019-2021 ). Jurnal Ekonomi Dan Bisnis, 11(2), 32–41.

Purwanto, E. A., & Sulistyastuti, D. R. (2017). Metode penelitian kuantitatif.

Putri, T. C., & Puspitasari, R. (2022). Pengaruh Struktur Modal, Keputusan Investasi, Profitabilitas Sebagai Variabel Intervening Terhadap Nilai Perusahaan. Jurnal Ilmiah Manajemen Kesatuan, 10(2), 255–272. https://doi.org/10.37641/jimkes.v10i2.1437

Sekaran, U., & Bougie, R. (2016). Research methods for business seventh edition. John Wiley & Sons Ltd.

Sharma, A., & Kesner, I. F. (1996). Diversifying entry: Some ex ante explanations for postentry survival and growth. Academy of Management Journal, 39(3), 635–677.

Siahaan, D. B., & Herijawati, E. (2023). 1742-1751. Journal Of Social Science Research, 3(4), 1742–1751.

Syahroni, M. I. (2022). Prosedur penelitian kuantitatif. EJurnal Al Musthafa, 2(3), 43–56.

Titman, S., & Wessels, R. (1988). The determinants of capital structure choice. The Journal of Finance, 43(1), 1–19.

Trisakti, J. A., Noviera, F., Astuti, C. D., Oktaviani, A. A., & Trisakti, U. (2024). STRUKTUR MODAL , PROFITABILITAS , DAN UKURAN. 0832(September), 377–394.

Turner, D. P. (2020). Sampling Methods in Research Design. Headache: The Journal of Head & Face Pain, 60(1).

Wahyu Leman. (2023). Pengaruh Net Profit Margin Dan Current Ratio Perusahaan Makanan Dan Minuman Terhadap Harga Saham Di Bursa Efek Indonesia. EKONOMIKA45 : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan, 10(2), 652–664. https://doi.org/10.30640/ekonomika45.v10i2.2168

Wahyuni Amelia, R., & Purnama, T. (2023). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return on Assets Pada Pt Ace Hardware Indonesia Tbk Periode Tahun 2012-2021. JORAPI : Journal of Research and Publication Innovation, 1(1), 82–88.

Widyastuti, D. I., Apriliasari, R. D., Agustina, R., & ... (2023). Determinan of value the company impact on Employee Stock Option Plan &Free Cash Flow: Coal Mining Market Survey for the Years 2016-2020. … Riset Akuntansi Dan …,6(1),39–49. http://ejurnal.unim.ac.id/index.php/prive/article/view/2555%0Ahttp://ejurnal.unim.ac.id/index.php/prive/article/download/2555/1105




DOI: https://doi.org/10.21107/ee.v11i1.29243

Refbacks

  • There are currently no refbacks.


Copyright (c) 2025 Eco-Entrepreneur

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

 

slot777

slot gacor hari ini

amacelectricalcontracting.com

slot gacor

https://agen228.com/

Slot88

toto slot

toto togel

choicehomecontractors.com

toto 4d

Sabung Ayam

toto slot

toto slot

Sabung Ayam

slot thailand

ceri123

mamen4d

ak4d

fyp805

https://pdips.uniramalang.ac.id/ situs toto toto slot

situs toto

slot thailand

pin4d

ace777

toto 4d

slot777

slot dana

slot gacor

daya4d

daya4d

daya4d

situs slot gacor resmi

situs toto slot gacor depo dana 10k

scatter hitam

slot777

slot88

hakata136

slot dana

kakek188

nenek188

ini777

viva138

https://aimmslhr.edu.pk/

https://avenuemall.pk/

https://zoom.thestraightchoice.org/

slot gacor

vega168

slot777

slot gacor

viva138

viva138

wak89 link

toto slot

slot maxwin

slot online thailand

demo slot

situs toto

bantogel

ajo89

ajo89

toto slot

situs toto

iso777

SLOT777

situs toto

bantogel

situs gacor

situs togel

situs togel

zonatoto

situs slot online

demo mahjong

zonatoto

gatotkaca123

mainaja

klik555

mainaja

situs slot online mudah menang di indonesia

BIROTOTO

COLOKTOTO

laetoto

Slot server thailand

zonatoto

slot resmi

tunai777

agen bola

Slot online

slot online

sakti123.net

situs toto

situs toto

situs toto

jos129

luna805

luna805

fyp805

fyp805

Slot Gacor Scatter Hitam

slot

raja132

asli777

Situs Toto

sarangslot

pg77

slot gacor malam ini

slot777

divalotre

Slot 200

https://montes.da.upm.es/

sabung ayam online

zonatoto

slot88

situs toto

lohanslot

slot gacor

jepangbet

jepangbet

hoki138

togel online

rupiahtoto

login hotelbet

batmantoto

https://etsam.da.upm.es/

slot online

gta togel

Situs Toto

Slot88 Hoki

mahjong ways 2

spaceman slot

situs slot

server thailand