Petra International journal of Business Studies (IJBS)
Vol. 6 No. 1 (2023): JUNE 2023

The Influence of Firm Characteristics and Capital Structure on Sustainable Growth Rate: Moderating Effect of Industry Sector

Muh Afdhal Mubarak A S (UIN Sunan Kalijaga, Yogyakarta)
Slamet Haryono (UIN Sunan Kalijaga, Yogyakarta)



Article Info

Publish Date
01 Dec 2023

Abstract

This study examines the impact of firm characteristics and capital structure on the sustainable growth rate of technology and consumer goods companies listed on JII, considering the moderating influence of industrial sector variables. The research utilizes secondary panel data sourced from annual financial reports. The population consists of JII-listed companies from 2018 to 2022, with a purposive sampling approach resulting in a sample size of six firms. The Structural Equation Modeling - Partial Least Square analysis findings reveal that firm size, characteristics, and capital structure significantly influence the sustainable growth rate, with firm size further enhanced through industrial sector moderation. The study contributes theoretically by emphasizing the significance of firm characteristics and capital structure while offering practical insights by showcasing how firms can stimulate sustainable growth through enhanced profitability and capital structure, thereby facilitating reinvestment and development.

Copyrights © 2023






Journal Info

Abbrev

ijbs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Petra IJBS (Petra International Journal of Business Studies, ISSN: 2621-6426) is a peer-reviewed journal published under the Master of Management program, Faculty of Economics, Petra Christian University (MM FE UKP). The journal serves as a vessel for exchanging business knowledge to scholars and ...