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The Effect of Asset Structure, Liquidity and Profitability on Firm Value (Financial Study on Food & Beverage Sub-Sector Companies listed on the Indonesia Stock Exchange in 2023)

Sep 2026 · EKONOMIS Journal of Economics and Business · Vol 10, pp. 840 · 0 citations · 23 references

Abstract

The purpose of this study is to analyze the impact of asset structure, profitability, and liquidity on firm value in the food and beverage industry listed on the Indonesia Stock Exchange in 2023. This study uses a quantitative approach that is descriptive and associative. The dependent variable is firm value, while asset structure, profitability, and liquidity are independent factors. The financial statements of organizations selected using a purposive sampling method provide the data used in this study. The data are examined for normality, multicollinearity, and heteroscedasticity using the classical assumption test. The results of this study reveal substantial evidence that asset structure has a positive effect on firm value. Liquidity significantly and negatively affects firm value in the food and beverage industry listed on the Indonesia Stock Exchange.

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