Jesika Heriyanti
Universitas Tanjungpura

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Pengaruh Likuiditas dan Leverage terhadap Profitabilitas Perusahaan Sektor Industrial dengan Ukuran Perusahaan sebagai Variabel Moderasi Jesika Heriyanti; Ayu Umyana; Nella Yantiana
Ekonomis: Journal of Economics and Business Vol 10, No 2 (2026): September
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/ekonomis.v10i2.2877

Abstract

This study aims to analyze the effect of liquidity and leverage on the profitability of industrial sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2024 period, and to test whether company size can moderate this relationship. Using a purposive sampling method, a sample of 96 observations was obtained. The analytical method used was panel data regression analysis with a Random Effects Model (REM) approach and Moderated Regression Analysis (MRA) through the E-Views program. The results showed that partially, neither liquidity nor leverage had a significant effect on company profitability. Furthermore, the MRA test results proved that company size was unable to moderate the effect of liquidity and leverage on profitability. The Adjusted R-squared value of 2.3% indicates that the ability of the independent and moderating variables to explain variations in profitability is very limited, while the remaining is influenced by other factors outside the research model.