PENGARUH STUKTUR MODAL, UKURAN PERUSAHAAN, DAN LIKUIDITAS TERHADAP PROFITABILITAS (Studi Pada Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia)

Abstract

This research aimed to observe the effect of capital structure, firm size, and liquidity on the
company’s profitability of food and beverages listed on the Indonesia Stock Exchange (IDX)
during the 2016-2020 periods. The capital structure was a proxy with debt to equity ratio, firm
size was a proxy with logarithms natural total asset, liquidity was a proxy with current ratio;
and meanwhile, profitability was a proxy with return on asset. This research was quantitative.
Furthermore, the research population used food and beverages companies listed on the
Indonesia Stock Exchange from 2016 to 2020 as many as 19 companies. Moreover, the
research sample collection technique used purposive sampling, a sample selection with
determining criteria, obtained 13 companies. In addition, the data analysis method of this
research used multiple linear regressions analysis methods with SPSS (Statistical Product
and Service Solutions) application 25 version. The hypothesis test indicated that capital
structure and firm size had negative and significant effects on the profitability while liquidity
had a positive but insignificant on the profitability of food and beverages companies listed on
the Indonesia Stock Exchange (IDX) in the 2016-2020 periods.