The Effect of Liquidity, Solvability, Profitability, and Firm Size on Firm Value

Authors

  • Yessica Puspa Wardhani Universitas Esa Unggul
  • Royhisar Martahan Simanungkalit Universitas Esa Unggul

DOI:

https://doi.org/10.32662/gaj.v9i2.5248

Abstract

This study aims to analyze the influence of liquidity, solvency, profitability, and firm size on the value of food and beverage companies listed on the Indonesia Stock Exchange during the 2023–2025 period. The study's novelty lies in the simultaneous examination of these four factors within the food and beverage sector. A quantitative approach was employed using secondary data and purposive sampling, covering 30 companies and resulting in 90 observations. Data analysis was conducted using multiple linear regression with the aid of SPSS. The results indicate that liquidity and profitability have a significant positive effect on firm value, while solvency has a significant negative effect; firm size, however, does not have a significant impact. Collectively, the four variables exert a significant" influence on firm value.

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Published

2026-10-01

How to Cite

Wardhani, Y. P., & Simanungkalit, R. M. (2026). The Effect of Liquidity, Solvability, Profitability, and Firm Size on Firm Value. Gorontalo Accounting Journal, 9(2), 386–396. https://doi.org/10.32662/gaj.v9i2.5248

Issue

Volume 9 Issue 2 October 2026

Section

Articles

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