Financial Management Studies
Vol. 2 No. 4 (2022): Financial Management Studies

The Effect Of Profitability And Profit Volatility On Capital Structure In Cyclical And Non-Cyclical Consumer Companies Listed On The Indonesia Stock Exchange

Fitriani fitriani (Universitas Negeri Padang)
Ramel Yanuarta RE (Universitas Negeri Padang)



Article Info

Publish Date
26 Dec 2022

Abstract

The purpose of this study is to analyze the effect of profitability and earnings volatility on the capital structure of cyclical and non-cyclical consumer companies listed on the Indonesia Stock Exchange. The population in this study are all cyclical and non-cyclical consumer companies listed on the Indonesia Stock Exchange in 2016-2021. In this study, the sample selection method used purposive sampling method. The sample in this study were 125 companies where 68 consumer cyclical companies and 57 non-cyclical companies with 750 observations for each variable. The analytical method used is panel data regression analysis. This study uses the Stata program as a tool in analyzing the data. The results of this study indicate that there is a significant difference between the capital structure of cyclical and non-cyclical consumer companies, profitability has a positive and significant effect on the capital structure of cyclical and non-cyclical consumer companies, earnings volatility has a positive and significant effect on the capital structure of cyclical consumer companies. and non-cyclical.

Copyrights © 2022