Abstract

Firm value is the perception given by investors to the success and performance of the company, which is reflected through the stock price. The higher the value of a company, the more attractive it is to investors because it shows a competitive advantage and promising growth potential. This study aims to analyze the effect of Capital Structure and Profitability on Firm Value with Company Size as a Moderating Variable in Food and Beverage Sub-Sector Companies Listed on the IDX 2020-2023. This research was conducted on 18 food and beverage sub-sector companies listed on the IDX 2020-2023 which have met the sample selection criteria. Data analysis in this study used Eviews 10 with panel data regression analysis and Moderated Regression Analysis (MRA) methods. The results of this study indicate that capital structure has a negative and insignificant effect on firm value, and profitability has a positive and insignificant effect on firm value. Then in moderation, company size is unable to moderate the influence between capital structure and firm value, and company size is unable to moderate the influence between profitability and firm value.

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