PERFORMANCE EXPLORATION IN THE INDONESIAN MANUFACTURING INDUSTRY

Jeremy Candra and Purwanto

Regional and Sectoral Economic Studies, 2024, vol. 24, issue 2, 141-158

Abstract: This study explores the performance of manufacturing companies listed on the Indonesia Stock Exchange through the determinants of capital structure and profitability. The use of quantitative methods through processing sample data of 400 observations from 80 manufacturing companies during the 2016 - 2020 period. Risk, non-debt tax shield, and liquidity have a high positive but growth, asset turnover have an insignificant effect on capital structure. For profitability, risk and non-debt tax shield have an insignificant while growth, liquidity, and asset turnover have a significant positive effect. Firm size is not able to moderate both liquidity and asset turnover and their influence.

Keywords: Capital structure; profitability; debt to equity ratio; return on assets ratio (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eaa:eerese:v:24:y2024:i:2_9

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