PENGARUH LIKUIDITAS, UKURAN PERUSAHAAN, LEVERAGE DAN PERTUMBUHAN PERUSAHAAN TERHADAP PROFITABILITAS DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR PADA BEI TAHUN 2012-2016

Abstract

This research aims to determine the effect of liquidity, company size, leverage and company growth on the capital structure. To determine the effect of liquidity, company size, leverage, company growth and capital structure on profitability. To find out the capital structure mediates the effect of liquidity, company size, leverage and company growth on profitability.
The type of research conducted is quantitative. The sampling technique was purposive sampling. The sample used is 20 companies out of 100 manufacturing companies listed on the Stock Exchange that publish annual reports for the period 2012-2016. Data analysis method uses classic assumption test, linear regression analysis and path analysis.
The results show that liquidity has a negative and significant effect on the capital structure. Firm size has a positive and significant effect on capital structure. Leverage has a negative and insignificant effect on the capital structure. The growth of the company has no significant effect on the capital structure. Liquidity, company size and leverage have no significant effect on profitability. Company growth has a negative and insignificant effect on profitability. Capital structure has a positive and insignificant effect on profitability. Capital structure does not mediate the effect of liquidity, firm size and leverage on profitability. Capital structure mediates the influence of the company's growth on profitability.
Based on this research, the company is expected to pay attention to liquidity, company size, leverage and company growth to increase investor interest.
Keywords : Liquidity, Company Size, Leverage, Company Growth, Capital Structure, Profitability