PENGARUH STRUKTUR MODAL DAN LIKUIDITAS TERHADAP KINERJA KEUANGAN DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR DAN KIMIA YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2019-2023

Abstrak

In this modern era full of progress, the basic industrial and chemical sectors face big challenges in generating optimal profits, amidst fluctuations in financial performance that often occur due to market dynamics and rapid technological changes. Financial performance in the basic industrial and chemical sectors is influenced by capital structure, liquidity and company size. Therefore, this research aims to determine the effect of Capital Structure (DER) and Liquidity (CR) on Financial Performance (ROA) with Company Size (ln total assets) as a moderating variable in basic industrial and chemical sector companies on the Indonesia Stock Exchange. This research sample consisted of 30 companies selected using purposive sampling techniques. The data used in this research is secondary data in the form of financial reports of companies in the basic industrial and chemical sectors. The analysis technique in this research uses multiple linear regression analysis and moderated regression analysis (MRA). The results of this research indicate that partially capital structure and liquidity have a significant effect on financial performance. Company size is able to moderate capital structure on financial performance and company size is not able to moderate liquidity on financial performance in basic industrial and chemical sector companies listed on the Indonesia Stock Exchange for the 2019-2023 period.