PENGARUH KINERJA KEUANGAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This reseach aimed to find out and examine the effect of profitability (Return On Asset), activity (Total Asset Turnover), abd solvability on the capital strukture of Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) during 2017-2021. The profitability was measured by Return On Asset (ROA), activity was measured by Total Asset Turnover (TATO), and solvability was measured by Debt to Asset Ratio (DAR). The population was 47 Food and Beverage companies listed on the Indonesia Stock Exchange (IDX). Moreover, the data collection technique used purposive sampling. In line with that, there were 12 companies as the sample. The data analysis techniqye used multiple linear regression with SPSS (Statistical Product and Service Solution) 21. The result of the hypothesis test (t-test) concluded that probability (ROA) had a negative and insignificant effect on capital strukture. Likewise, activity (TATO) had a negative and insignificant and insigficant effect on capital strukture. On the other hand, solvability (DAR) had a significantly positive effect on the capital structure of Food and Beverage companies listed on the Indonesia Stock Exchange (IDX).