SKRIPSI MBS
Efek Interaksi Kinerja Keuangan Terhadap Struktur Modal Perusahaan Yang Dimoderasi Ukuran Perusahaan (Studi Perusahaan Sub Sektor Hotel, Restoran, Dan Pariwisata Yang Terdaftar Dalam Bursa Efek Indonesia Tahun 2016-2019)
ABSTRACT
This study aims to determine the effect of the interaction between financial
performance as proxied by profitability, liquidity, and company growth as
moderated by firm size on capital structure. Return On Asset (ROA) as a proxy for
profitability, Current Ratio (CR) as a proxy for liquidity, Company Growth, Firm
Size, and Debt to Equity Ratio (DER) as a proxy for capital structure.
The objects of this research is 13 companies in the hotel, restaurant and
tourism sub-sector which are listed on the Indonesia Stock Exchange in 2016-2019.
This type of research is quantitative using secondary data. The sample selection
technique used purposive sampling technique, which was then analyzed using
Eviews 9 panel data analysis.
The results showed that profitability (ROA) had a negative and insignificant
effect on capital structure (DER). Liquidity (CR) has a significant negative effect on
capital structure (DER). Company growth has a significant positive effect on the capital
structure (DER). Firm size can moderate profitability (ROA) against capital structure
(DER). Firm size cannot moderate liquidity (CR) against capital structure (DER). The
last, firm size can moderate company growth against capital structure (DER).
The conclusion of this study is that companies should pay more attention to
financial performance that affects capital structure such as liquidity and company
growth.
Keywords: Capital Structure, DER, CR, ROA
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