Panel Regression : Determinan Struktur Modal Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Farmasi Di Bursa Efek Indonesia

irawan irawan (Universitas Pembangunan Panca Budi)
Peberlisma Br Sitepu (Universitas Pembangunan Panca Budi)

Jurnal AKMAMI (Akuntansi Manajemen Ekonomi)
Vol. 2 No. 2 (2021): April

This study aims to prove the factors influencing capital structure and profitability mediation. The analytical method used in this study is a causal design method, with statistical analysis testing, panel data and path analysis. The sampling method used is purposive sampling with a total sample of 6 pharmaceutical companies listed on the Indonesia Stock Exchange and data from 2013 – 2019. The results of this study indicate that company size has a significant effect on profitability. Liquidity has a significant effect on profitability. Firm size and liquidity simultaneously have a significant effect on profitability. Firm size has no significant effect on capital structure. Liquidity has a significant effect on the capital structure. Profitability has no significant effect on capital structure. Firm size, liquidity and profitability simultaneously have a significant effect on capital structure. Profitability does not function as an intervening variable between firm size and capital structure. Profitability serves as an intervening variable between liquidity and capital structure..