The Influence of Leverage and Liquidity at Profitability with Investment Opportunity Set (IOS) as Intervening Variable- A Case study at manufacturing companies listed in Indonesian Stock Exchange in period 2013-2016

Abstract

The research aimed at knowing the influence of leverage and liquidity toward profitability with IOS as the intervening variable. The research samples were 71 companies listed in Indonesian Stock Exchange in period 2013-2016. Hypotheses testing by using structural equation model (SEM). Analysis results found th at: Liquidity did not influence toward IOS. Leverage did not influence to the profitability. IOS influences positively toward profitability. Leverage influence positively toward IOS. Liquidity influence positively toward to the profitability.

Determinants Dividen Payout Ratio and Its Impact on Decitions Investment: A cas study on a mining company listed in Indonesia Stock Exchange

“…The number (-0.019755) shows that if the CR indicator increases by 1 unit while the other independent variables are fixed, then investment (IOS) will decrease by 0.019755. This research is in line with that conducted by Yendrawati & Adhianza (2013), Mun'im (2018 which states that CR has no effect on investment (IOS) but on the other hand Based on the results of multiple linear regression analysis in Figure 4.9, DER has a probability value of 0.0190, this value is below the significance level (0.05), so it can be concluded that the DER indicator has a significant effect on investment (IOS). The coefficient on the DER indicator shows the value (0.084088).…”

Pengaruh Corporate Governance Terhadap Profitabilitas Dengan Mediasi Leverage Pada Perusahaan Bumn Dalam Bei

“…Leverage diukur menggunakan rasio utang pada modal (Debt to Equity) yang merupakan pengukuran seberapa jauh perusahaan dibiayai oleh hutang. Bagi sebagian investor rasio DER atau leverage tersebut bisa menjadi indikasi sejauh mana manajemen agresif dalam meningkatkan investasi agar menghasilkan keuntungan (Mun'im & Mauludin, 2018).…”

“…Penelitian sebelumnya yang mengkaji sejauhmana corporate governance, leverage dan profitabilitas menunjukkan variasi temuan, baik dari signifikansi maupun arah hubungannya (Hediono & Prasetyaningsih, 2019;Ifada & Inayah, 2017;Mun'im & Mauludin, 2018). Inkonsistensi hasil penelitian ini membuka ruang bagi penelitian ini untuk melakukan konfirmasi ulang bagaimanakah pola hubungan dan pengaruh corporate governance, leverage dan profitabilitas pada unit analisis yang berbeda.…”