Open AccessPENGARUH PROFITABILITAS, LIKUIDITAS, DAN PERTUMBUHAN PENJUALAN TERHADAP LEVERAGE PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI DI BURSA EFEK JAKARTA
Author(s) -
Isnaeni Rochayati
Publication year - 2020
Publication title -
jurnal ekonomi dan bisnis/jurnal ekonomi dan bisnis (fakultas ekonomi universitas pekalongan)
Language(s) - English
Resource type - Journals
eISSN - 2301-6469
pISSN - 1693-0908
DOI - 10.31941/jebi.v23i2.1213
Subject(s) - leverage (statistics) , business , market liquidity , profitability index , nonprobability sampling , variables , capital structure , monetary economics , financial system , finance , economics , population , debt , demography , machine learning , sociology , computer science
This research was conducted to see how the influence of the level of pofitability, the level of liquidity and the growth of sales to the level of leverage in manufacturing companies of consumer goods industry sector. Samples in this research are 12 companies manufacturing industry sector in Indonesia stock exchanges, sampling method with purposive sampling method. Analysis of the research using multiple linear regression analysis. The results showed that the variable profitability and variable growth penjulan not significantly affect the level of corporate leverage, while the liquidity variable significantly influence the level of corporate leverage. The results indicate that rising profitability and increased sales growth will not affect the increase in leverage level of the firm, but an increased level of liquidity will affect the increase in corporate leverage levels. Where liquidity is the ability of the company to immediately pay off the obligations that are soon due so that will cause the level of corporate leverage increased by increasing the amount of loan capital from other parties. Increased profitability and sales growth will lead to an increase in corporate profits and earnings but are not used to increase leverage but will be used for additional investment or dividend payouts of the company's shareholders. Keywords: Profitability, Liquidity, Sales Growth, and Leverage