PENGARUH STRUKTUR MODAL, ALIRAN KAS, LIKUIDITAS, UKURAN PERUSAHAAN, DAN INVESTMENT OPPORTUNITY SET TERHADAP PERTUMBUHAN LABA PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

Abstract

Income is one indicator of company performance. Profit is the result of operating activities of the company. The users of financial statements using income as one source of information for decision making. Investor as capital owners want profits to increase from one period to berikutnya.Kenaikan and annual profit decline is called the profit growth. This study aims to determine empirically the effect of capital structure, cash flow, liquidity, size of the company and the investment opportunity set against profit growth in manufacturing companies in BEI.
The population in this study are all manufacturing companies listed in Indonesia Stock Exchange (BEI) in the period 2012-2015. Samples taken in this study as many as 120 of observational data that meets the criteria for the research sample. The sampling technique used purposive sampling. Statistical analysis was conducted on the multiple linear regression and hypothesis testing.
Based on the results of data analysis can be concluded; There is a negative influence significant capital structure to earnings growth, There was no significant effect of cash flow to earnings growth, there is a significant positive effect of liquidity on earnings growth, There was no significant effect of firm size on the growth of earnings, there is a significant positive effect Investment Opportunity Set to profit growth.
Suggestions in this research is for listed companies should boost earnings growth in order to attract investors to invest in their companies, and listed companies should also be able to increase the liquidity of the company so that the financial performance to be good in the eyes of investors. Further research using other variables that affect the growth of earnings outside of the variables used in this study. Further research will need to consider a broader sampling.
Keywords: Capital Structure, Cash Flow, Liquidity, Company Size, Investment Opportunity Set, Income Growth