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Journal : Jurnal Paradigma Akuntansi

PENGARUH LIKUIDITAS DAN STRUKTUR ASET TERHADAP STRUKTUR MODAL DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI Meilani Maradiaponto; Kurniawan Tjakrawala
Jurnal Paradigma Akuntansi Vol. 5 No. 2 (2023): April 2023
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jpa.v5i2.23629

Abstract

The purpose of this study was to examine the effect of liquidity and asset structure on capital structure with profitability as a moderating variable in manufactures listed on the Indonesia Stock Exchange (IDX) with a research period of 2015-2019. This study using purposive sampling method and obtained 175 company data from the financial statements of manufacturing companies in IDX official website. The data processing technique uses multiple regression analysis and moderator regression analysis (MRA)and also uses the SPSS version 17. The results of this study indicate that liquidity andasset have a negative and significant effect on capital structure. Meanwhile,profitability moderate liquidity to capital structure but profitability does not moderate asset structure to capital structure
PENGARUH LEVERAGE, CAPITAL EXPENDITURE, DAN GROWTH OPPORTUNITIES TERHADAP CASH HOLDING Vincensius Andreas; Kurniawan Tjakrawala
Jurnal Paradigma Akuntansi Vol. 5 No. 3 (2023): Juli 2023
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jpa.v5i3.25267

Abstract

This study aims to determine the role of leverage, capital expenditure, and growth opportunities related to their effect on the value of cash holdings in property & real estate sub-sector companies listed on the Indonesia Stock Exchange (IDX) during 2015 to 2019. The sample in this study This was taken through purposive sampling method and the valid data were 95 data from 19 companies. Data collection techniques were assisted by using Microsoft Excel 2010 program and data processing was carried out using multiple regression analysis assisted by the SPSS (Statistical Product and Service Solution) version 25 program. The results showed that leverage and capital expenditure had a negative and significant effect on cash holding, while growth opportunities have a positive and insignificant effect on cash holding. The implication of this research is the need for an active management role to be able to always create optimal cash holding value within the company to minimize existing risks and increase company value.