ANALYSIS OF THE INFLUENCE OF FIRM SIZE, CAPITAL STRUCTURE, AND GOOD CORPORATE GOVERNANCE ON STOCK PRICES IN FOOD AND BEVERAGE SUB-SECTOR MANUFACTURING COMPANIES

Abstract

The Effect of Firm Size, Capital Structure, and Good Corporate Governance (consisting of Board of Commissioners) on Stock Prices in Food and Beverage Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) in 2018-2022. This study aims to determine the effect of firm size, capital structure, and good corporate governance (consisting of board of commissioners) on stock prices in food and beverage manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2018-2022. The data used in this study is secondary data with purposive sampling method. From 31 populations, there are 8 samples of food and beverage manufacturing companies that meet the criteria as samples. The research method used in this study is multiple linear regression with classical assumption test requirements, followed by partial significance using hypothesis test, namely T test, while to know simultaneously using F test with significance level of 5%. The study shows partial results (T test) with the results of firm size having a negative and significant effect on stock prices, capital structure having a positive and significant effect on stock prices, and board of commissioners having a positive and significant effect on stock prices. And for the simultaneous research results (F test) showed the results of firm size, capital structure, and board of commissioners simultaneously affect stock prices. In addition, the predictive ability of the three unconstrained variables against stock prices can be seen from the coefficient of determination value of 53.6%. while the rest is 46.4% explained by other variables that are not studied outside the research model.