The Role of Profitability in the Effect of Company Growth on the Debt Policy

Akhmadi, Akhmadi; Yunia, Dabela; Robiyanto, Robiyanto

doi:10.5430/ijfr.v11n4p267

Cited by 3 publications

(3 citation statements)

References 20 publications

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“…The relationship between company growth and the debt to assets ratio (DAR) is complex and varies across different studies. Akhmadi et al (2020) found no significant effect of asset growth on the debt to equity ratio (DER), while (Hameed et al, 2012) reported a positive relationship between the debt to asset ratio and market to book ratio. (Sianipar, 2020) and (Syarifudin, 2021) both found a positive effect of debt to equity ratio and asset growth on dividend payout ratio and stock prices respectively.…”

Section: The Effect Of Company Growth On Debt To Assets Ratio (Dar)mentioning

confidence: 99%

The Influence of Dividend Policy, Liquidity, Company Size, and Company Growth on Debt Policy in Manufacturing Companies Listed on the Indonesian Stock Exchange (BEI)

Elisabeth

2024

ATESTASI

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This study aims to determine the effect of Dividend policy, Liquidity, Company Growth, and Company Size on Debt Policy in Manufacturing Companies listed on the IDX (Indonesia Stock Exchange). This research method used is quantitative method. This research is secondary data whose data is quantitative. Quantitative data in this study were obtained from the annual financial statements of each company and the Indonesian Capital Market Directory (ICMD) during the research period obtained from www.idx.co.id. The results of this study based on the analysis show that Dividend Policy has a positive and significant effect on debt policy in Manufacturing Companies listed on the IDX. Liquidity has a positive and significant effect on debt policy in Manufacturing Companies listed on the IDX. Company size has a negative and significant effect on debt policy in Manufacturing Companies listed on the IDX. Company Growth has a negative and significant effect on debt policy in Manufacturing Companies listed on the IDX.

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Section: The Effect Of Company Growth On Debt To Assets Ratio (Dar)mentioning

confidence: 99%

The Influence of Dividend Policy, Liquidity, Company Size, and Company Growth on Debt Policy in Manufacturing Companies Listed on the Indonesian Stock Exchange (BEI)

Elisabeth

2024

ATESTASI

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“…This study was written to provide empirical evidence regarding the effect of SCF and financial trends on the profitability of real estate investment trusts. The findings are expected to assist policymakers and executives in real estate companies in recognizing the critical role of SCF and development finance in a company's profitability (Akhmadi et al, 2020;Suripto, 2021).…”

Section: Introductionmentioning

confidence: 95%

The effect of macroeconomics and supply chain finance (SCF) on profitability: Evidence from manufacturing companies

Supriyanto¹,

Alexandri²,

Kostini³

et al. 2023

10.5267/j.uscm

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This paper examines the effect of macroeconomics and supply chain finance (SCF) on the profitability of the manufacturing companies, specifically in Indonesia from 2017 to 2021. Furthermore, the study demonstrates the critical role of macroeconomics and SCF in profitability through the use of general moment method (GMM). The results indicate that cash conversion cycle (CCC) is detrimental to profitability (P), while macroeconomics has a positive impact on it. In addition, strong profitability is negatively and positively correlated with the leverage (LEV) and sustainable supply chain management (MRPB) control variables, respectively.

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“…Menurut teori trade-off, ketika profitabilitas perusahaan meningkat, perusahaan akan menggunakan dana eksternal untuk mendanai operasinya untuk menarik investor. (Akhmadi et al, 2020;Novita & Ardini, 2020;Wahyuni et al, 2016) sebelumnya telah melakukan penelitian tentang profitabilitas yang berpengaruh secara positif pada kebijakan utang. Namun terdapat perbedaan dengan temuan (Irawan et al, 2016;Safitri & Wulanditya, 2017;Sha, 2018) yang semuanya menyatakan adanya pengaruh negative antara profitabilitas terhadap kebijakan utang.…”

Section: Landasan Teoriunclassified

Faktor-Faktor Yang Mempengaruhi Kebijakan Utang dengan Profitabilitas sebagai Pemoderasi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

Andy¹,

Angeline²,

Roberto³

et al. 2022

JBA

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Kebijakan dividen, struktur aset, ukuran perusahaan, pertumbuhan, dan profitabilitas semuanya dapat memengaruhi cara perusahaan manufaktur mengelola utang mereka. Penelitian dilakukan antara tahun 2017 hingga 2019 dengan sampel berupa 37 produsen yang terdaftar di Bursa Efek Indonesia yang didapat dari metode purposive sampling. Dalam penelitian ini, kebijakan utang menjadi variabel bebas, sedangkan variabel yang merupakan variabel terikatnya adalah sebagai berikut: kebijakan dividen, kinerja perusahaan, struktur aset, dan likuiditas. Profitabilitas berfungsi sebagai variabel moderasi. Hasil penelitian menyatakan adanya pengaruh signifikan antara kebijakan dividen dan likuiditas terhadap kebijakan utang perusahaan. Di sisi lain, struktur aset, ukuran dan pertumbuhan perusahaan, dan profitabilitas tidak memiliki pengaruh yang signifikan terhadap kebijakan utang. Profitabilitas memiliki pengaruh kecil pada hubungan antara kebijakan utang dan kebijakan dividen, struktur aset, ukuran, pertumbuhan perusahaan, dan juga likuiditas. Kajian ini merangkum pentingnya pengelolaan utang yang hati-hati agar tidak terjadi ketidakseimbangan sumber daya internal dan eksternal.

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The Role of Profitability in the Effect of Company Growth on the Debt Policy

Cited by 3 publications

References 20 publications

The Influence of Dividend Policy, Liquidity, Company Size, and Company Growth on Debt Policy in Manufacturing Companies Listed on the Indonesian Stock Exchange (BEI)

The Influence of Dividend Policy, Liquidity, Company Size, and Company Growth on Debt Policy in Manufacturing Companies Listed on the Indonesian Stock Exchange (BEI)

The effect of macroeconomics and supply chain finance (SCF) on profitability: Evidence from manufacturing companies

Faktor-Faktor Yang Mempengaruhi Kebijakan Utang dengan Profitabilitas sebagai Pemoderasi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

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