Factors Affecting Profitability of Food and Beverage Industries: A Resource-Based View and Competitiveness Approach
Novian Chrisnando,
Nilmawati Nilmawati,
Hendro Widjanarko
et al.
Abstract:This study examines the determinants of profitability within Indonesia's food and beverage industry, specifically analyzing the role of firm size, liquidity, efficiency, leverage, and market power. Utilizing data from 24 companies listed on the Indonesia Stock Exchange from 2018-2022, the research employs multiple linear regression analysis to investigate these factors' impact on profitability, as indicated by Return On Assets (ROA). Results reveal that firm size, liquidity, efficiency, leverage, and market po… Show more
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