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Journal : Al-Kharaj: Jurnal Ekonomi, Keuangan

Analisis Pengaruh Profitabilitas, Likuiditas, dan Struktur Aset Terhadap Struktur Modal Perusahaan dengan Ukuran Perusahaan Sebagai Variabel Moderasi: Studi Empiris pada Perusahaan Manufaktur Sub Sektor Industri yang Terdaftar di Bursa Efek Indonesia Tahun 2021-2023 Indah Wahyuni; Andy Dwi Bayu Bawono
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 7 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i7.9111

Abstract

This study aims to analyze the effect of profitability, liquidity, and asset structure on the capital structure of manufacturing companies in the industrial subsector listed on the Indonesia Stock Exchange during the period 2021-2023, as well as to examine the role of company size as a moderating variable in these relationships. The purposive sampling method was used to select a representative research sample. The data were analyzed using multiple regression and Moderated Regression Analysis (MRA). The results show that profitability and liquidity have a significant effect on the company’s capital structure, while asset structure does not have a significant impact. Furthermore, company size does not moderate the influence of profitability, liquidity, or asset structure on capital structure. This study indicates that internal factors such as profitability and liquidity are the main determinants in forming the capital structure of manufacturing companies, whereas company size neither strengthens nor weakens these relationships.
Co-Authors Abdul Chalim Adianto " Afiatri Putrika Alaisya Amana Fazira Alfie Ridho Alfieridho Alfieridho Andy Dwi Bayu Bawono Arief Yanto Rukmana Arina Denggan Munthe Arzetia Firlyani Aswaruddin Aswaruddin Birul Daini Budi Yanto, Budi Cendani Alfanizha Hidma Chandra Winata Darmono Darmono Devi Damayanti DIAN APRIANI Dicky Hariansyah Dimas Andika Shaputra Dinda Kartika Aulia Putri Eka Fitri Rahayu Endah Alfiana Eny Yuniati Erna Magga Ezra Ariendy Widodo Fadloli Fadloli FADZILAH AG Fatimah Fazli Abdillah Fazli Abdillah Filma Muhazri Sembiring Fuad Bahrul Ulum Galeh Nur Indriatno Putra Pratama Hendra Taufik Hidayatullah, Riski Husaini Usman Inom Nasution Intan Ayu Deswinda Ismi Asmita Jarum, Jarum KANAK KANJANA WONGKUNA Khairul Sabri Kurnia Wijayanti Laudy Livianti Laylan Syafina LESLEY C. LUBOS LUONG THIEN TAM Lutfhia Farhana Putri Lubis M. Aditiya Silvatama M. Arif Pratama Manurung M. Haris Fadillah M. Rio Khaitsam Pratama Maisarah Maisarah Mardinal Tarigan Marisa Nurlita Masrida Zasriati Maya Masita Meisaroh Mesiono Mesiono Miftah Al Royyen Pratama Mika Rizki Puspaningrum MOHD RAWIYANI PG. HJ. SERUDIN MONICA SULEIMAN Muhammad Hafis Maulana Muhammad Lathief Ilhamy Nasution Muhammad Nuruzzaman Musyarofah Zuhri Nasruji, Nasruji NG AIK MIN Nur Hidayat Nur siti maysarah NURLISMA JUNITA Nursahara Pasaribu Nursantri Yanti Nursiti Maysarah Oktaviani Oktaviani Osi Hayuni Renilda Putri ROBBERT GRADSTEIN Sinata, Novia Siti Mutmainah Siti Nailul Ilmi siti rahmah SOONTHREE KORNOCHALERT Syarifuddin Yusuf Tuti Anggraini Umi Farihah Yenni Samri Juliati Nasution YONG KIEN–THAI Zoe Zarka Syafiq