Capital Structure, Current Ratio, Company Size to Company Value with ROA as Moderating

Abstract

This research aims to study and analyze the influence of capital structure, current ratio,
and company size on company value with return on assets as a moderating variable in
food and beverage businesses listed on the Indonesia Stock Exchange from 2019 to
2023. This quantitative research uses the documentation method. 39 F&B companies
listed on the Indonesia Stock Exchange are the subjects of this research. The purposive
sampling method was used to select 17 companies for this research. Data analysis was
carried out using moderation analysis of the SPSS program. The results show that
capital structure has a negative effect on firm value, current ratio has a positive effect
on firm value, firm size has a negative effect on firm value, return on assets can
moderate the effect of capital structure on firm value,return on assets can moderate the
effect of the current ratio on firm value,return on assets can moderate the effect of firm
size on firm value.