Abstract :
This study aims to determine the effect of capital intensity and leverage
on company value through financial performance as an intervening variable in food
and beverage companies listed on the Indonesia Stock Exchange for the 2019-2021
periods. This study used a sample of 11 food and beverage companies with a three-
year period from 2019-2021 which were selected using a purposive sampling
technique. Collection techniques are obtained through the official IDX website:
www.idx.co.id. Data analysis and hypothesis testing in this study used the Smart
PLS 3.0 Equation Method (Partial Least Square).
The results of the direct effect hypothesis test using the Smart PLS 3.0
application indicate that capital intensity has a significant effect on financial
performance. Leverage has a significant effect on financial performance. Capital
intensity has a significant effect on company value. Leverage has a significant effect
on company value. Financial performance has a significant effect on company
value. Capital intensity has a significant effect on company value through financial
performance. Leverage has a significant effect on company value through financial
performance.