http://ypppal-amsi.or.id/penelitian/index.php/IFR <p>The intent of the Editors of The Indonesia Financial Review is to discuss, to explore, and to disseminate the latest issues and developments in Empirical <strong>Financial Economics </strong><a href="https://www.aeaweb.org/jel/guide/jel.php"><strong>(JEL classification: G)</strong></a><strong> </strong>particularly those related to financial frictions in the <strong>Emerging Markets. The others </strong>are accepted such as capital markets, financial institutions and services, corporate finance, risk modeling and management, market microstructure in financial markets, Islamic finance, behavioral finance, and financial crisis.</p> <p>Indonesian Financial Review received a scientific journal accreditation rating of Sinta 5 according to "KEPUTUSAN DIREKTUR JENDERAL PENDIDIKAN TINGGI, RISET DAN TEKNOLOGI KEMENTERIAN PENDIDIKAN, KEBUSAYAAN, RISET DAN TEKNOLOGI REPUBLIK INDONESIA NOMOR 177/E/KPT/2024 TENTANG PERINGKAT AKREDITASI JURNAL ILMIAH PERIODE II TAHUN 2024". Sinta 5 accreditation rating is from Volume 1 of 2021 (<a href="https://drive.google.com/file/d/1_Zw8p1Vh6IkHp1-yOZDV0wF3tPCXgikO/view?usp=sharing">attachment</a>)</p> Yayasan Pendidikan Penelitian Pengabdian Al-amsi en-US Indonesian Financial Review 2807-3886 http://ypppal-amsi.or.id/penelitian/index.php/IFR/article/view/112 <p><em>This study investigates the determinants of firm value by examining the roles of solvency, asset growth, and profitability in food and beverage companies listed on the Indonesia Stock Exchange (IDX). The research sample consists of eight leading firms selected through purposive sampling from 2018–2023, yielding 48 firm-year observations. Data were analyzed using multiple regression with SPSS to assess both partial and simultaneous effects. The results show that solvency has a negative but insignificant effect on firm value, indicating that higher debt levels may not necessarily enhance market perception. Conversely, asset growth and profitability exert positive and significant effects, implying that efficient asset management and strong earnings performance contribute to higher firm value. Simultaneously, the three variables significantly influence firm value, suggesting their collective importance in shaping investor confidence. These findings provide practical implications for managers and investors to strengthen financial decision-making and corporate performance in Indonesia’s food and beverage sector.</em></p> Susilawati Susilawati Copyright (c) 2025 Susilawati Susilawati https://creativecommons.org/licenses/by/4.0 2025-11-13 2025-11-13 5 2 423 443 10.55538/ifr.v5i2.112