International Journal of Education and Social Science (IJESS)
Vol. 6 No. 2 (2025): VOL 6 NO 2 OCTOBER 2025

The Influence of Asset Expansion and Revenue Growth on Capital Structure

Mahmudah, Ayu Anis (Unknown)
Suntari, Esti (Unknown)



Article Info

Publish Date
10 Oct 2025

Abstract

This scholarly investigation sought to ascertain the influence of asset augmentation and sales expansion on the financial architecture of PT Mayora Indah Tbk, spanning the fiscal years 2014 through 2024. A quantitative descriptive methodology was employed, leveraging multivariate linear regression analysis. The foundational data were extracted from the enterprise's officially published annual financial statements. The statistical t-test indicated that Asset Expansion did not exert a statistically significant effect on capital structure, as evidenced by a t-statistic of -0.633 (which was below the critical t-value of 1.895) and an associated significance level of 0.544 (exceeding 0.05). Concurrently, Revenue Growth similarly demonstrated no discernible significant impact, with a t-statistic of 1.611 and a significance level of 0.146. The concurrent F-test corroborated these findings, revealing that both independent variables, when considered in concert, did not collectively possess a significant influence on capital structure (F-statistic of 1.299, which was less than the critical F-value of 4.74; significance level of 0.325). An Adjusted R-squared value of 0.056 implied that merely 5.6% of the variability observed in capital structure could be elucidated by the proposed model, with the substantial remainder attributable to unexamined exogenous variables.

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Journal Info

Abbrev

ijess

Publisher

Subject

Humanities Education Law, Crime, Criminology & Criminal Justice Social Sciences Other

Description

IJESS International Journal of Education and Social Science is an international, peer-reviewed journal publishing articles on all aspects of EDUCATION and SOCIAL SCIENCES. IJESS International Journal of Education and Social Science welcomes submissions of the following article types: (1) Papers: ...