Pengaruh capital intensity dan pertumbuhan penjualan terhadap nilai perusahaan
DOI:
https://doi.org/10.26905/j.bijak.v8i2.17734Keywords:
capital intensity, firm value, food and beverage industry, sales growth.Abstract
Food and beverage companies play an important role in Indonesia’s economy, as reflected in the industry’s stability and resilience to economic crises. This study aims to examine the effects of capital intensity and sales growth on firm value, focusing on companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. A quantitative approach was employed using panel data regression analysis with EViews 12 to examine the structural relationships among the variables. The empirical results indicate that capital intensity has no significant effect on firm value. This finding suggests that firm value in the food and beverage sector is not solely determined by capital allocation or sales expansion, but may also depend on other strategic and contextual factors, such as innovation, operational efficiency, and market position. This study contributes to the literature by providing empirical evidence on the determinants of firm value in a stable yet competitive industry and offers insights for academics and practitioners in the fields of accounting and management.
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