Jurnal Multidisiplin Dehasen (MUDE)
Vol 2 No 3 (2023): Juli

The Effect Of Growth Opportunity, Profitability, And Liquidity On Capital Structure With Firm Size As A Moderating Variable In Manufacturing Companies Listed On The Indonesia Stock Exchange In 2015-2019

Desi Rosalina (Universitas Adzkia)
Yolanda Desti (Universitas Adzkia)



Article Info

Publish Date
07 Jul 2023

Abstract

This study aims to determine how the influence of growth opportunity, profitability, and liquidity on capital structure with firm size as a moderating variable in Manufacturing Companies listed on the Indonesia Stock Exchange. The samples in this study were taken by purposive sampling method on manufacturing companies listed on the Indonesia Stock Exchange, namely 56 companies with a research period of 5 years from 2015-2019. The results of this study show that growth opportunity does not have a significant effect on capital structure. Profitability does not significantly affect the capital structure. Liquidity has a positive and significant effect on the capital structure. Firm size is unable to moderate the growth opportunity, profitability, and liquidity of the capital structure of manufacturing companies listed on the Indonesia Stock Exchange in 2015-2019.

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