PENGARUH LIKUIDITAS, RISIKO BISNIS, PERTUMBUHAN PERUSAHAAN, DAN STRUKTUR MODAL TERHADAP PROFITABILITAS DI BEI

Abstract

This research was conducted to determine the influence of liquidity, business risk, corporate growth, and capital structure to profitability in Food and Beverages companies for the 2012-2016 period which listed in the BEI. The calculation variable used in this research is current ratio, degree of operating leverage, asset growth, debt to equity ratio, and return on equity.The sampling technique is purposive sampling and the type of data used in this research is the secondary data which using the data of financial statements of Food and Beverages companies that listed in the Indonesia Stock Exchange during 2012 to 2016. The sample in this research as many as 11 companies which the total as many as 55 samples. Data analysis method used is multiple linear regression analysis.The results of this research indicates that the accepted hypothesis is the variables of degree of operating leverage, asset growth, and debt to equity ratio have a significant influence on return on equity. While the rejected hypothesis is variable current ratio has no significant influence on return on equity. The value of R2 is 35,3% which means can be explained by current ratio variable, degree of operating leverage, asset growth, and debt to equity ratio and the rest 64,7% is explained by other variable outside this research model.
Keywords: liquidity, business risk, corporate growth, capital structure, and profitability.