Faktor-Faktor Yang Memengaruhi Nilai Perusahaan

ABSTRAK Nilai perusahaan yang tinggi menunjukan perusahaan tersebut berkembang dan para stakeholders mendapatkan manfaat besar dalam investasinya Tujuan penelitian ini untuk mengetahui apakah pengaruh antara leverage, profitability, firm size, sales growth, operating cash flow, working capital turnover, dan cash holdings dengan Tobin's Q. Riset ini memanfaatkan data yang ada pada laporan keuangan industri makanan dan minuman yang disesuaikan dengan kriteria sempel dan terdaftar di Bursa Efek Indonesia periode penelitian 2018-2022. Pengambilan data menggunakan purposive sampling method dengan langkah eksplorasi, dimana riset memanfaatkan 70 data dari 14 perusahaan dalam kurun waktu 5 tahun, menggunakan aplikasi statistik Rstudio. Hasil penelitian menunjukkan bahwa leverage dan working capital turnover memiliki pengaruh terhadap nilai perusahaan sedangkan profitability, firm size, sales growth, operating cash flow, dan cash holdings tidak memiliki hubungan positif terhadap nilai perusahaan. Kata Kunci: Nilai Perusahaan, Tobin's Q, Stakeholders, Industri Makanan ABSTRACT A high company value indicates that the company is growing and stakeholders get great benefits from their investment. The purpose of this study was to determine whether the influence between leverage, profitability, firm size, sales growth, operating cash flow, working capital turnover, and cash holdings with Tobin's Q. This research utilizes existing data on the financial statements of the food and beverage industry which are adjusted to the sempel criteria and are listed on the Indonesia Stock Exchange for the 2018-2022 research period. Data collection uses purposive sampling method with exploratory steps, where research utilizes 70 data from 14 companies within 5 years, using the Rstudio statistical application. The results showed that leverage and working capital turnover have an influence on firm value while profitability, firm size, sales growth, operating cash flow, and cash holdings do not have a positive relationship with firm value.