Struktur Modal, Risiko Bisnis dan Kinerja Korporat: Kasus pada Perusahaan Barang Konsumsi di Bursa Efek Indonesia
DOI:
https://doi.org/10.47747/snfmi.v2i1.2356Abstract
One of the company's goals is the company's survival; where to maintain survival, the company must be able to generate profits. The purpose of this study is to examine the factors that influence profitability. Factors that are suspected of influencing profitability are capital structure, business risk, asset structure, company size, and sales growth. Profitability is measured by return on assets (ROA), capital structure is measured by debt to equity ratio (DER), business risk is measured by degree of operating leverage (DOL), total assets is measured by company size, and company growth is measured by sales growth. The population in this study were consumer goods sector companies listed on the Indonesia Stock Exchange, with a sample of 33 companies with an observation period of 3 years. Hypothesis testing using multiple regression. The results showed that capital structure, company size, and sales growth significantly negatively affected profitability. Asset structure had a significant positive effect, and business risk had an effect on profitability.
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