
Determination of the sample was done using purposive sampling method. The selection of public companies that fall into the category of manufacturing companies is reviewed based on consideration of the similarities in their operations and production activities and this industry group which is relatively larger compared to other industry groups on the Indonesia Stock Exchange, thus dominating and having a major contribution to market development capital, especially shares in Indonesia.

The research sample is a manufacturing company listed on the Jakarta Stock Exchange by taking a sample of 49 companies in 2016.

This research uses multiple regression testing. The contribution of the independent variable to the dependent variable is 46.9%, which means that the variable of the independent variable is able to explain the variability of the dependent variable by 46.9%, while 53.1% is explained by other variables outside the model studied.The purpose of this study was to examine the effect of economic value added, free cash flow, corporate governance and earnings qulity with the dividend policy as a moderating variable on stock returns. Whereas ROE and SBI do not have a significant effect on Company Value (PER). The population is all food and beverage companies listed on the Indonesia Stock Exchange, and the study sample is 12 companies using purposive sampling.įrom the results of the study found that simultaneously there is a significant influence between funding decisions (DER and DAR), Macroeconomics (SBI) and Profitability (ROA and ROE) on firm value (PER) Based on hypothesis analysis it can be concluded that DAR, DER, and ROA partially have a significant effect on firm value.


The data used is the 2015-2018 annual financial statement data. This study aims to analyze the influence of funding, macroeconomic, and profitability decisions on the value of Food and Beverages companies in the Indonesia Stock Exchange in the period 2015-2018.
