The Determinants of Financial Performance at Food and Beverage Companies in the Indonesia Stock Exchange

Abstract

This study was aimed to analyze the factors that influence the performance of food and beverage companies on the Indonesia Stock Exchange. The data used in this study are secondary data sourced from the financial statements of food and beverage companies during the 2017-2022 period. The research sample was determined using purposive sampling with a total sample of 18 companies from 84 companies listed on the Indonesia Stock Exchange in 2022. Data were analyzed using descriptive statistical analysis and panel data regression analysis processed with E-Views 10. The results of the analysis found that the best regression model was the fixed effects model and it was known that institutional ownership and capital loans negative effect on financial performance. In addition, research also found that attention distraction has an effect on purchase intention and consumer loyalty. Other results also found that the ratio is fast, asset turnover ratio and company size has no effect on company performance. To improve company performance, it is necessary to minimize institutional share ownership, ensure a balance in the composition of debt and assets as business capital and be more careful in expanding assets.