PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, DAN LIKUIDITAS TERHADAP PROFITABILITAS: STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR SUBSEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2021–2024
Keywords:
Capital Structure, Company Size, Liquidity, ProfitabilityAbstract
This study aims to analyze the influence of capital structure, firm size, and liquidity on the profitability of food and beverage manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2024 period. This study uses a quantitative approach with a causal associative design. The data used are secondary data in the form of annual financial reports obtained from the official IDX website. The research sample was determined using a purposive sampling technique and obtained 20 companies per year. Data analysis was performed using multiple linear regression after first fulfilling the classical assumption test. The results show that capital structure negatively affects profitability, firm size negatively affects profitability, and liquidity positively affects profitability. Simultaneously, capital structure, firm size, and liquidity significantly influence company profitability. These findings indicate that financing decisions, company scale, and the company's ability to manage short-term liabilities play a significant role in determining the financial performance of food and beverage manufacturing companies.
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