Pengaruh Peluang Pertumbuhan, Ukuran Perusahaan, dan Struktur Aset terhadap Keputusan Pendanaan dengan Profitabilitas sebagai Variabel Moderasi

Authors

  • Raphita Bornok Yuliarta Pakpahan Universitas Negeri Jakarta
  • Etty Gurendraw Universitas Negeri Jakarta
  • Diah Armeliza Universitas Negeri Jakarta

DOI:

https://doi.org/10.59141/jiss.v3i03.554

Keywords:

financial decision, growth opportunity, company size, asset structure, profitability

Abstract

This study aims to examine the effect of growth opportunity, company size, asset structure of financial decisions with probability as moderating variable. This research uses secondary data in the form of financial statements of consumer goods sector companies which are listed on the Indonesia Stock Exchange period of 2017-2019. Total of sample in this study is 102 samples from 34 companies. The analytic method used in this study is Moderated Analysis Moderation (MRA) by using SPSS 25 software application. T results show that the growth opportunity, and asset structure have a positive effect on financial decisions, while size company has no effect on financial decisions. Profitability is not able to moderate the relationship between growth opportunity with financial decision, and also, asset structure with financial decisions. However, profitability is able to moderate the relationship between size company and financial decisions.

References

Astuti, D. D., & Hotima, C. (2016). Variabel yang mempengaruhi struktur modal dengan profitabilitas sebagai variabel intervening (Studi pada Industri Manufaktur di Bursa Efek Indonesia). UNEJ E-Proceeding, 398–413.

Basana, S. R. (2020). Pengaruh Firm Size Terhadap Leverage pada Perusahaan Manufaktur Publik Indonesia Periode 2013-2017. International Journal of Financial and Investment Studies (IJFIS), 1(1), 53–66. https://doi.org/10.9744/ijfis.1.1.53-66

Corina, A., Murhadi, W. R., & Wijaya, L. I. (2017). Pengaruh Profitability, Tangibility, Size, Growth, dan Liquidity terhadap Leverage Badan Usaha yang Terdaftar di Bursa Efek Indonesia Periode 2011-2015. Calyptra:Jurnal Ilmiah Mahasiswa Universitas Surabaya, 6(2), 1001–1017.

Dewi, A. S. (2020). Pengaruh Free Cash Flow, Profitabilitas, Kebijakan Dividen, Dan Ukuran Perusahaan Terhadap Leverage Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Pundi, 04(02), 265–282. https://doi.org/10.31575/jp.v4i2.278

Dewi, I. T. T., Hadi, H., & Nalurita, F. (2019). Pengaruh Liquidity , Profitability , Ukuran Perusanaan ( Size ), Tangibility , Growth Opportunity , Earning Volatility Dan Non-Debt Tax Shield Terhadap Financial Leverage Pada Perusahaan Building Construction di Bursa Efek Indonesia Periode 2010-2017. In Sosial dan Humaniora (pp. 1–7).

Fernandes, J., & Sumiati, S. (2019). Tangibility, Liquidity dan Growth Opportunity Sebagai Faktor Penentu Leverage Perusahaan. Jurnal Benefita, 4(2), 282–295. http://doi.org/10.22216/jbe.v4i2.4182

Hans, K., Rosita, S., Merliyana, S., & Sylvia, V. S. (2012). Akuntansi keuangan berdasarkan SAK berbasis IFRS. Salemba Empat.

Hidayati, W., Rizal, N., & Taufiq, M. (2019). Analisis Perlakuan Akuntansi Aset Tetap Pada Koperasi Serba Usaha Manda Group Berdasarkan PSAK No. 16. Proceedings Progress Conference, 2(1), 672–679.

Himawan, A., & Wibowo, S. (2016). Pengaruh Non-Debt Tax Shield, Tangibilitas, Human Capital, Risiko Bisnis, Ukuran Perusahaan, Pertumbuhan, Likuiditas dan Profitabilitas terhadap Financial Leverage pada Sektor Komunikasi. Jurnal Bisnis Dan Akuntansi, 18(2), 217–226. https://doi.org/10.34208/jba.v18i2.57

Ibrahim, H., & Lau, T.-C. (2019). The determinants of financial leverage for surviving listed companies in Malaysia. International Journal of Business and Society, 20(1), 75–94.

Irawan, & Pramono, C. (2017). Pengaruh Suku Bunga, Struktur Aktiva Dan Ukuran Perusahaan Terhadap Modal Dengan Moderasi Profitabilitas Pada Perusahaan Sektor Aneka Industri Di Bursa Efek Indonesia. Jurnal Manajemen Tools, 7(1), 45–56.

Khairani, U., Rahmawati, & Helmiati. (2020). Pengaruh Asset Tangibility, Proditabilitas, dan Likuiditas terhadap Lavarage (Studi Kasus pada Perusahaan Manufaktur Sektor Aneka Industri yang Terdaftar di Bursa Efek Indonesia Tahun 2016 – 2018). Riset Manajemen Indonesia, 2(4), 310–319.

M’ng, J. C. P., Rahman, M., & Sannacy, S. (2017). The determinants of capital structure: Evidence from public listed companies in Malaysia, Singapore and Thailand. Cogent Economics & Finance, 5(1), 1418609. https://doi.org/10.1080/23322039.2017.1418609

Mwangi, L., & Muchelule, Y. (2019 n.d.). Financial Factors Influencing Firm Leverage: A Case Of Agricultural Firms Listed In The Nairobi Securities Exchange, Kenya.

Nur’aini, A., Masitoh, E., & Chomsatu, Y. (2020). Pengaruh Pertumbuhan Perusahaan, Likuiditas, Resiko Bisnis Dan Struktur Asset Terhadap Struktur Modal Dengan Profitabilitas Sebagai Variabel Moderasi. OIKOS: Jurnal Kajian Pendidikan Ekonomi Dan Ilmu Ekonomi, IV(1), 25–36. https://doi.org/10.23969/oikos.v4i1.2162

Pagala, M. N. Y., Mahsuni, A. W., & Junaidi. (2019a). Analisis Determinan Leverage Perusahaan : Studi Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. E-Jra, 08(01), 131–140.

Pagala, M. N. Y., Mahsuni, A. W., & Junaidi, J. (2019b). Analisis Determinan Leverage Perusahaaan: Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Ilmiah Riset Akuntansi, 8(01).

Putri, W. R., Diantimala, Y., & Saputra, M. (2019). The Effect of Asset Structure, Profitability, Company Growth, and Dividend Policy on Financial Leverage (A Study in Lq 45 Companies Listed In Indonesia Stock Exchange in 2012-2016). International Journal of Academic Research In Business And Social Sciences, 9(6). http://dx.doi.org/10.6007/IJARBSS/v9-i6/5946

Sekartaji, J. (2017). Pengaruh Ukuran Perusahaan dan Growth Terhadap Leverage Pada Sub Sektor Keramik Porselin dan Kaca yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2009-2010. Jom Fisip, 4(2), 1–16.

Sudana, I. M., & Werdhianti, G. A. P. W. (2017). Brand Value, Asset Tangibility, Profitabilitas Dan Leverage Keuangan. Jurnal Manajemen Dan Bisnis Indonesia, 5(1), 12–21. https://doi.org/10.31843/jmbi.v5i1.136

Wahyuni, I., & Ardini, L. (2017). Pengaruh Growth Opportunity, Profitabilitas dan Kebijakan Dividen terhadap Struktur Modal. Jurnal Ilmu Dan Riset Akuntansi, vol.6(No.4), 1308–1325.

Downloads

Published

2022-03-21

How to Cite

Bornok Yuliarta Pakpahan, R., Gurendraw, E. ., & Armeliza , D. . (2022). Pengaruh Peluang Pertumbuhan, Ukuran Perusahaan, dan Struktur Aset terhadap Keputusan Pendanaan dengan Profitabilitas sebagai Variabel Moderasi. Jurnal Indonesia Sosial Sains, 3(03), 399–418. https://doi.org/10.59141/jiss.v3i03.554

Issue

Vol. 3 No. 03 (2022): Jurnal Indonesia Sosial Sains

Section

Articles

License

Copyright (c) 2022 Raphita Bornok Yuliarta Pakpahan, Etty Gurendraw, Diah Armeliza

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International. that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  • Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  • Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.