The Role of Profitability in Mediating the Effect of Firm Growth on Debt Policy

Yusril Maulana Ahmad, Karnowahadi Karnowahadi, Nur Rini

Abstract


This study aims to analyze the effect of Firm Growth on Debt Policy with ProfitabiliSty as mediating variable on infrastructure sector companies listed in the Indonesia Stock Exchange (IDX) for 2016-2020 period. Research population was all infrastructure sector companies listed in the Indonesia Stock Exchange (IDX) of 57 companies, while the research samples were 36 (thirty six) companies selected using purposive sampling technique. The analysis model used in this research was multiple linear regression analysis model and analysis technique used were partial test (t test) and sobel test to test the mediating variable by SPSS 25.00 program. The result of this study showed that the Firm Growth had a negative and significant effect on profitability. Profitability had a negative and significant effect on Debt Policy. Meanwhile, Firm Growth didn’t directly effect on Debt Policy. The mediating role of Profitability as an mediating variable had significantly contributed to the effect of Firm Growth on Debt Policy

Keywords


Firm Growth, Profitability, Debt Policy

Full Text:

PDF

References


Damayanti, E. K. (2017). Pengaruh Profitabilitas, Likuiditas, Pertumbuhan Penjualan, Kepemilikan Manajerial Terhadap Kebijakan Hutang Dengan Free Cash Flow Sebagai Variabel Moderating (Studi Empiris Pada Sektor Semen Yang Terdaftar Di Bei). Stie Perbanas Surabaya,

Fadliansyah, R. (2017). Pengaruh Ukuran Perusahaan, Pertumbuhan Penjualan, Struktur Aset Dan Return On Assets Terhadap Kebijakan Hutang Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2016.

Ramadhani, S., & Barus, A. C. (2018). Kebijakan Hutang Pada Perusahaan Sektor Utama Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2016. 8(2), 127-138.

Sari, N. R. (2017). Pengaruh Ukuran Perusahaan, Struktur Aset, Non-Debt Tax Shield (Ndt), Pertumbuhan Penjualan, Dan Kebijakan Dividen Terhadap Kebijakan Hutang Pada Perusahaan Manufaktur Yang Terdaftar Di Bei Periode 2010-2015. 7.

Siswana, L. M. (2017). Pengaruh Profitabilitas, Struktur Aset, Pertumbuhan Perusahaan, Dan Likuiditas Terhadap Kebijakan Hutang Pada Perusahaan Industri Dasar Dan Kimia. Stie Perbanas Surabaya,

Yuda, E. Y. (2018). Analisis Faktor-Faktor Yang Mempengaruhi Kebijakan Hutang Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2016.




DOI: http://dx.doi.org/10.32497/ab.v22i3.3234

Refbacks

  • There are currently no refbacks.


View My Stats
slot gacor slot gacor hari ini slot gacor 2025 demo slot pg slot gacor slot gacor