PENGARUH PROFITABILITAS, LIKUIDITAS, DAN STRUKTUR MODAL TERHADAP PERTUMBUHAN PERUSAHAAN PADA PERUSAHAAN SEKTOR PROPERTI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2021-2024
Keywords:
Profitability, Liquidity, Capital Structure, Company GrowthAbstract
This study aims to analyze the effect of profitability, liquidity, and capital structure on the growth of companies in the property sector listed on the Indonesia Stock Exchange (IDX) for the period 2021-2024. The study uses a quantitative approach with secondary data in the form of annual financial statements obtained from the official website of the Indonesia Stock Exchange. The sampling method employs purposive sampling, resulting in a selection of property sector companies that meet the research criteria. Data analysis is performed using multiple linear regression with the assistance of SPSS Version 25. The research results show that simultaneously, profitability, liquidity, and capital structure have a significant effect on company growth. Partially, profitability has a negative and insignificant effect on company growth, indicating that the profit levels generated during the research period have not been able to drive asset growth or business expansion. Liquidity has a negative and insignificant effect on company growth, suggesting that high liquidity reflects excess funds or unsold inventory, making it unproductive in driving business growth. Meanwhile, capital structure has a negative and significant effect on company growth, indicating that debt-based external financing is one of the main factors enabling companies to expand their assets, as managing debt optimally can provide a leverage effect that boosts company growth
Downloads
References
Amelia, A. N., Ramli, & Finanto, H. (2022). Analisis Rasio Profitabilitas Dalam Menilai Kinerja Keuangan Pada Pt. Bank Mandiri (Persero) Tbk Periode 2016-2021. Jurnal Tugas Akhir Mahasiswa Akuntansi Poltekba (Jmap).
Ananda, C., Madyoningrum, A. W., Sari, S. P., & Shafitranata, S. (2024). Pengaruh Sales Growth, Likuiditas, dan Aset Tangibility terhadap Struktur Modal. Studi Akuntansi, Keuangan, Dan Manajemen, 4(1), 33–43.
Brigham, E. F., & Houston, J. F. (2020). Dasar-dasar manajemen keuangan (Edisi 14). Salemba Empat.
Fajrida, S, N. M. B. P. (2020). Pengaruh profitabilitas, ukuran perusahaan dan pertumbuhan aset terhadap struktur modal pada perusahaan di bursa efek indonesia ISSN 2303-1174. 8(1), 627–636.
Ginting, G. (2019). Pengaruh ukuran perusahaan, pertumbuhan perusahaan, keputusan investasi dan struktur modal terhadap profitabilitas perusahaan property, konstruksi dan real estate yang terdaftar di bursa efek Indonesia periode 2007-2017. Tedc, 13(2), 119–126.
Indrayati, I. (2023). Earnings Quality, Corporate Growth on Corporate Performance: Evidence from Consumption Good on Indonesian Stock Exchange. Jurnal Akuntansi Dan Bisnis Krisnadwipayana, 10(2), 1317.
Putri, A. P., Cheserio, J., Katherine, K., Celine, C., & Jeslin, J. (2021). Pengaruh Pertumbuhan Penjualan, Likuiditas, Risiko Bisnis, Profitabilitas & Struktur Aset Terhadap Struktur Modal Pada Perusahaan Sektor Properti yang terdaftar di Bursa Efek Indonesia. Owner, 5(1), 60–71.
Sogomi, F. C., Patrick, M. K., & Kamau, C. G. (2024). Exploring the Relationship between Working Capital Management, Liquidity, and Financial Performance within the Context of Kenyan SME’s. African Journal of Commercial Studies, 4(2), 113–120.
Setiawati, M., & Veronica, E. (2020). Pengaruh Profitabilitas, Struktur Aset, Ukuran Perusahaan, Risiko Bisnis, Pertumbuhan Penjualan, Pertumbuhan Perusahaan, Likuiditas Terhadap Struktur Modal Pada Perusahaan Sektor Jasa Periode 2016-2018. Jurnal Akuntansi, 12(2), 294–312.
