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All Journal International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS)
Boy Baba Raja Sihaloho
Universitas Sumatera Utara
Economics, Econometrics & Finance

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THE EFFECT OF PROFITABILITY, LIQUIDITY, LEVERAGE, ACTIVITY RATIOS AND AUDIT COMMITTEE ON PROFIT GROWTH WITH MANAGERIAL OWNERSHIP AS A MODERATING VARIABLE IN AUTOMOTIVE AND COMPONENT COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE (IDX) FOR THE PERIOD Boy Baba Raja Sihaloho; Azhar Maksum; Keulana Erwin
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 6 No. 5 (2026): October (ON-PROGRESS)
Publisher : CV. Radja Publika

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Abstract

This study aims to analyze the effect of profitability, liquidity, leverage, activity ratios, and audit committee on profit growth, with managerial ownership as a moderating variable in automotive and component companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2024 period. Profit growth is an important indicator in assessing company performance and sustainability, particularly in the automotive industry, which faces dynamic economic conditions and intense competition. This research employs a quantitative approach using secondary data obtained from the companies’ annual financial statements. The population of this study includes all automotive and component companies listed on the IDX, with samples selected using purposive sampling techniques. Data analysis is conducted using Moderated Regression Analysis (MRA) to examine the direct effects of independent variables on profit growth as well as the moderating role of managerial ownership. The results of the study indicate that profitability, leverage, and activity ratios have a significant positive effect on profit growth. Furthermore, liquidity and audit committee involvement have no significant effect on profit growth. Managerial ownership has a significant negative effect on profit growth. Additionally, managerial ownership was found to be unable to strengthen the relationship between these financial variables and profit growth. These findings indicate that management’s involvement in stock ownership can enhance the effectiveness of corporate management and drive more sustainable profit growth. This study is expected to provide a theoretical contribution to the development of corporate finance research and serve as practical guidance for management, investors, and stakeholders in decision-making.
Co-Authors Azhar Maksum Keulana Erwin