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Journal : JRABA

EXPLANATION STUDY OF AGRO-INDUSTRIAL FIRM FINANCIAL PERFORMANCE BASED ON CAPITAL STRUCTURE AND FIRM STRATEGY IN THE COVID-19 PANDEMIC Agung Budi Sulistiyo; Bunga Maharani; Bayu Aprillianto; Novi Wulandari Widiyanti; Muhammad Miqdad
Jurnal Riset Akuntansi Dan Bisnis Airlangga Vol 7 No 2 (2022): Jurnal Riset Akuntansi dan Bisnis Airlangga
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jraba.v7i2.39888

Abstract

The purpose of this study was to examine the effect of corporate strategy on financial performance with capitalstructure as an intervening variable. The advantage of this research lies in taking the object of the company inthe agroindustry sector in the Covid-19 pandemic situation which has not been the concern of researchers. Thepopulation is all agroindustry companies, listed in Indonesian Stock Exchange. Data collection technique usingpurposive sampling method and a total of 52 sample data were obtained with a time span of 2020-2021 whichwere processed using the multiple regression method. The results show that there is an effect of corporatestrategy on capital structure, as well as capital structure that affects financial performance. However, theopposite result is shown by the non-influence of corporate strategy variables on financial performance. Thus,the mediating role of capital structure in the relationship between corporate strategy and financial performancehas been clearly proven. The results of this study are able to provide future research recommendations in theform of using variations of company strategies that can have different implications, especially for companies inthe agroindustry sector during the covid-19 pandemic. In addition, this study also recommends companies tomanage their capital structure optimally to generate value to financial performance. This research will alsocontribute on the fast growth of literature related to corporate strategy, capital structure, and financialperformance as well as the development of agency theory, signal theory and pecking order theory.
Co-Authors Adhani, Brilian Farel Adhani, Brillian Farel Adinda Putri, Frisca Teanna Adnan, Fahrobby Afandi, M. Farid Afkarina, R Miftah Agung Budi Sulistiyo Agustriono, Aldi Ahmad Roziq Aisa Tri Agustini Alfan Ainul Yaqin Aulia Rohim Amelia, Wirda Fransisca Ammar, Naufal Ananda Rizky Sanjaya Awwaliyah, Intan Ayu Wulandari, Gusti Budi Sulistiyo, Agung Bunga Maharani Christin Wijaya Untoro Dewi, Reni Puspita Dewi, Ruli Kusuma Diah Mustikawati Dien Vidia Rosa Fauziah, Alifiyah Rizqy Firdaus, Rayhan Wahyu Gusti Ayu Wulandari Hapsari, Salu Silvi Herry Prasetyo Ilannajah, Annufus Indah Purnamawati Indah Purnamawati Indah Purnamawati, Indah Intan Awwaliyah Intan Nurul Awwaliyah Isti Fadah Isti Fadah Ivo Rajava Fiba Jamhari Jamhari Kanzulia Arsyta Qaribil Hasanah Kartika Kartika Kholidah, Amilatul Kurniawan, Anggi Lestari, Agustin Dwi Manik, Ella Septiana Markus Apriono Markus Apriono Marshelina, Riska Marvintha, Kirana Ndaru Maulidy, Rafly Syah Moch. Shulthoni, Moch. Muhammad Harits Anwar Muhammad Miqdad Mukaromah, Nur Laily Mulyono, Resha Dwi Ayu Pangesti Musi, Mardiajeng Pawestri Nadya Astadewi Putri Abdullah Niken, Regina Nining Ika Wahyuni Novi Wulandari Novi Wulandari Novi Wulandari Widiyanti Novi Wulandari Widiyanti Octora, Devy Ira Bayu Oktaviani Ari Wardhaningrum Pratama, Theodicy Kristian Puspito, Agung Nugroho Putri, Imamatin Listya Qomaria, Firzanah Yahya Rafly Syah Maulidy Ramadhani, Rafli Regina Niken Rengga, Virgilia Carolina Ririn Irmadariyani Salabillah, Nabila Dwiani Siti Maria Wardayati Siti Maria Wardayati Sitiwani, Sitiwani Suud, Hasbi Mubarak Suwargono, Eko Taufik Kurrohman Ubaidillah, Mohammad Wahyu Gilang Wahid Maulana Wilantari, Regina Niken Winda Amilia Wiryawan, Adhipramana Khansa Wulandari Widiyanti, Novi Yasmine Cahya Syifa Yosefa Sayekti Zahrosa, Dimas Bastara Zaphora, Shineya Zennita