Enhancing Financial Performance: Investigating the Influence of Good Corporate Governance, Leverage, and Sales Growth in the Food and Beverage Sector

Abstract

This study investigates how good corporate governance, leverage, and sales growth impact companies' financial performance. It analyzes data from 24 out of 33 food and beverage manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the years 2020-2022, totaling 72 observations. Sample selection utilized purposive sampling. Classical assumption tests, including normality, multicollinearity, heteroskedasticity, and autocorrelation, were conducted. Data analysis employed multiple linear regression analysis, t-tests, and coefficient of determination tests using SPSS. Results indicate that only leverage significantly influences financial performance, with other variables showing no significant impact on the financial performance of food and beverage manufacturing companies listed on the IDX.