Pengaruh Profitabilitas, Likuiditas Dan Ukuran Perusahaan Terhadap Struktur Modal

Liang, Inggrid; Natsir, Khairina

doi:10.24912/jmk.v1i3.5359

Cited by 12 publications

(17 citation statements)

References 2 publications

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“…According to Liang and Natsir (2019), the scale that states the size of a company in various ways, namely by total assets, logsize, stock market value, total sales, and others. Meanwhile, according to Taslim and Susanto (2021) company size is the size of a company which is assessed by total assets, total sales, total profit, or tax burden.…”

Section: Methodsmentioning

confidence: 99%

The Effect of Profitability, Asset Growth and Operating Leverage on Capital Structure With Company Size as a Moderating Variable

Santioso,

Daryatno

2024

ijaeb

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Capital structure plays an important role in maintaining the survival of the Company. The better the capital structure owned by the Company, the better the Company will be in financing the Company's operations, even more able to survive in the event of an economic shock. The purpose of this research is to obtain empirical evidence of the effect of Profitability, Asset Growth, and Operating Leverage on Capital Structure with Company Size as a moderating variable. This study uses purposive sampling as its sampling technique and uses primary consumer sector companies as research samples. The data used in this study comes from the Financial Statements of companies listed on the Indonesia Stock Exchange. Data processing in this study used the Smart PLS program. The results showed that the independent variables of Profitability, Asset Growth, Operating Leverage had no significant positive effect on the Company's Capital Structure. But when the profitability variable is moderated by company size, it produces a significant influence on the capital structure, while for the Asset Growth variable moderated by company size, although it has increased, it still does not significantly affect the Company's Capital Structure. From the result above, it can be concluded that the use of profitability is the key of all independent variables in influencing the capital structure. Companies that use internal funds will be better at financing the Company's operations, increasing assets, assessing the size of the company, namely utilizing the Company's retained earnings to increase the growth and survival of the Company.

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Section: Methodsmentioning

confidence: 99%

The Effect of Profitability, Asset Growth and Operating Leverage on Capital Structure With Company Size as a Moderating Variable

Santioso,

Daryatno

2024

ijaeb

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“…Perihal tersebut sejalan dengan penelitian Hidayati dkk. ( 2021) dan Liang & Natsir (2022) yang mengemukakan bahwasanya ukuran perusahaan berpengaruh positif pada struktur modal. Ukuran perusahaan merupakan gambaran besar kecilnya suaru perusahaan (Purnasari dkk., 2020).…”

Section: Pengaruh Ukuran Perusahaan Terhadap Struktur Modalunclassified

“…Berdasarkan penelitian Hidayati dkk. ( 2021) dan Liang & Natsir (2022) yang mengemukakan bahwasanya ukuran perusahaan berpengaruh positif pada struktur modal. Perihal tersebut bisa menjelaskan hipotesis bahwasanya ukuran perusahaan dapat memperkuat pengaruh pertumbuhan perusahaan pada struktur modal.…”

Section: Pengaruh Pertumbuhan Perusahaan Terhadap Struktur Modal Deng...unclassified

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Determinan Struktur Modal Dengan Ukuran Perusahaan Sebagai Variabel Moderasi

Sasmita,

Sri Wahyuni,

Fitriati

et al. 2024

JAA

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Purpose: This research aims to analyze and test the influence of company growth, business risk, and asset structure on capital structure with company size as a moderating variable. Methodology/Approach: The population used in this research is tourism, restaurant and hotel sector companies that have been listed on the Indonesia Stock Exchange (BEI) in four periods, namely 2018-2021, totaling 31 companies. Findings: The results of this research explain that asset structure has a negative effect on capital structure, while company growth, business risk and company size have no effect on capital structure. Company size cannot moderate the influence of company growth, business risk, and asset structure on capital structure. Practical and Theroretical Contribution/Originality: This research contributes to investors, creditors, company management and researchers to increase understanding regarding the capital structure of tourism, restaurant and hotel sector companies. Capital structure as an independent variable can be used to monitor the company's funding conditions and as a consideration for investors and creditors in providing funding. A poor capital structure can increase financial risk to a company. Investors and creditors need to ensure that the company has an appropriate capital structure policy in handling financial obligations without facing high risks. Research Limitation: The independent variables used in this research were only able to explain 2.82% of the influence on capital structure. The remaining 71.8% is explained by other variables that are not in this study.

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“…Mudjijah & Hikmanto (2018) , Astuti, (2018) , Liang & Natsir (2019) , Nindiani & Arilyn (2019) , Raghibi & Oubdi (2021) , Naibaho, (2021 show that liquidity (CR) has a negative effect on capital structure (DAR). While Kartika & Dana, (2015) , Suherman et al (2019) shows that liquidity (current ratio) has a positive effect on capital structure (DAR).…”

Section: Introductionmentioning

confidence: 99%

Impact of Liquidity and Activities on Profitability by Mediation of Capital Structure

Suharna

Kurniasih

2022

AIJB

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This paper analyzes the impact of liquidity and activity on profitability with capital structure as a mediating variable. Return on assets (ROA) is the company's ability to generate profits in a certain period and develop dynamically that changes from time to time, depending on the variables that affect it as a whole, type of business, or company. This study contributes to the literature by investigating the factors that affect the profitability (ROA) of companies indexed by SRI KEHATI. This study aims to identify the determinants of company profitability either directly or through the role of mediating variables. The analysis used is panel data regression. The selected model is the fixed effect model (FEM) and uses path analysis and Sobel test. The results show that the current ratio has a direct effect on capital structure and capital structure has a direct effect on ROA. On the other hand, the current ratio and working capital turnover have no direct effect on ROA and working capital turnover does not directly affect the capital structure. The results of the path analysis prove that the capital structure is able to mediate the effect of the current ratio on ROA.

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Pengaruh Profitabilitas, Likuiditas Dan Ukuran Perusahaan Terhadap Struktur Modal

Cited by 12 publications

References 2 publications

The Effect of Profitability, Asset Growth and Operating Leverage on Capital Structure With Company Size as a Moderating Variable

The Effect of Profitability, Asset Growth and Operating Leverage on Capital Structure With Company Size as a Moderating Variable

Determinan Struktur Modal Dengan Ukuran Perusahaan Sebagai Variabel Moderasi

Impact of Liquidity and Activities on Profitability by Mediation of Capital Structure

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