PENGARUH STRUKTUR MODAL TERHADAP PROFITABILITAS DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI

Abstract

This research aimed to examine the effect of capital structure on profitability through firm size at the Property
and Real Estate companies listed on the Indonesia Stock Exchange (IDX). Moreover, capital structure was
measured by Debt to Asset Ratio, profitability was measured by Return On Assets, and firm size was measured
by Size. The research was quantitative. Furthermore, the population was Property and Real Estate companies
listed on IDX. The data collection technique used purposive sampling. In line with that, there were 14
companies as the sample. Additionally, the data were secondary and were taken for 5 years (2018-2022).
Therefore, the total data was 35 data samples. In addition, the data analysis technique used the Moderated
Regression Analysis with SPSS 26. The result indicated that capital structure had a negative and significant
effect on profitability. On the other hand, firm size had a positive and significant effect on profitability. The
result of the moderated regression analysis test was firm size moderated the correlation between capital structure
on profitability.