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All Journal Jurnal Bisnis Kompetitif
Maulana, Zaqi
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Social Sciences

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PENGARUH STRUKTUR MODAL TERHADAP RETURN ON EQUITY PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2024 Maulana, Zaqi; Anwar, Arfianti Novita; Hidayat, Hidayat
Jurnal Ekonomi Bisnis Kompetif Vol 5 No 1 (2026): JURNAL BISNIS KOMPETIF (JBK) 2026
Publisher : Komunitas Manajemen Kompetitif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35446/bisniskompetif.v5i1.2758

Abstract

This study aims to analyze the effect of capital structure on Return on Equity (ROE) in Food and Beverage companies listed on the Indonesia Stock Exchange for the 2020–2024 period. Capital structure is measured using the Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), and Long-Term Debt to Equity Ratio (LDER), while ROE is used as a profitability indicator. The study population includes all Food and Beverage companies listed during the period, using a purposive sampling technique based on certain criteria. The data used are secondary data from the company's annual financial statements. The analysis was conducted quantitatively using SmartPLS with the PLS-SEM approach to test the validity, reliability, and partial effect of independent variables on ROE. The results show that capital structure has an effect on ROE. Partially, only LDER has a significant effect on ROE, so long-term debt management is a more determining factor in influencing the level of return on equity than the overall debt structure.
Co-Authors Arfianti Novita Anwar Hidayat Hidayat