ANALYSIS OF CAPITAL STRUCTURE DETERMINANTS: PROFITABILITY PLAYS A ROLE AS MODERATION IN FOOD AND BEVERAGE COMPANIES

Siti Maisaroh, Abd. Rohman Taufiq, Heidy Paramitha Devi

Abstract


structure, such as the consequences of independent commissioners, investment decisions, and company value. And to test profitability that is a strengthening/weakening factor.  Research on food and beverage companies and IDX listed with a period for 2021-2025. The population consists of 84 companies. Meanwhile, the sample consisted of 58 companies after purposive sampling was carried out. Multiple linear regression and Moderated Reggresion Analysis as a technique in data analysis using the SPSS statistical test tool. Research proves that factors that affect capital structure, such as independent commissioners have a negative consequence, positive consequences investment decisions, and company value have no consequences. Profitability demonstrates a significant moderating role with the link between to independent commissioners on the capital structure, but Profitability does not demonstrate a significant moderating role with the link between to investment decisions and the value of the company in the capital structure. Keywords:Independent Commissioner, Investment decisions, Company Value, Capital Structure, Profitability

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References


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