Research Article
The Effect of Liquidity and Growth Opportunity on Capital Structure with Profitability as an Intervening Variable (Study of Manufacturing Companies in the Metal and Similar Sub-Sectors Listed on the IDX in 2020-2022)
@INPROCEEDINGS{10.4108/eai.1-8-2024.2355603, author={Rika Agustin Puspitasari and Ragil Dwi Rahayu and Evi Dwi Kartikasari and Irma Indira}, title={The Effect of Liquidity and Growth Opportunity on Capital Structure with Profitability as an Intervening Variable (Study of Manufacturing Companies in the Metal and Similar Sub-Sectors Listed on the IDX in 2020-2022)}, proceedings={Proceedings of the 1st International Conference on Business Economics, Entrepreneurship, and Social Sciences, ICBEESS 2024, 1st August 2024, Gresik, East Java, Indonesia}, publisher={EAI}, proceedings_a={ICBEESS}, year={2026}, month={2}, keywords={liquidity growth opportunity capital structure profitability manufacturing companies in the metal similar sub-sector}, doi={10.4108/eai.1-8-2024.2355603} }- Rika Agustin Puspitasari
Ragil Dwi Rahayu
Evi Dwi Kartikasari
Irma Indira
Year: 2026
The Effect of Liquidity and Growth Opportunity on Capital Structure with Profitability as an Intervening Variable (Study of Manufacturing Companies in the Metal and Similar Sub-Sectors Listed on the IDX in 2020-2022)
ICBEESS
EAI
DOI: 10.4108/eai.1-8-2024.2355603
Abstract
This investigation aims to look at and analyze the influence of Liquidity and Growth Opportunity on Capital Structure with Profitability as an Intervening variable. Quantitative strategies are utilized in this think about. A purposive testing of 42 tests based on predetermined criteria was carried out on fabrication companies in the metal subsector and the like recorded on the Indonesia Stock Trade (IDX) in 2020-2022 as the populace for this consideration. The independent factors are Liquidity and Growth Opportunities, the dependent variable is Capital Structure, and Profitability as intervening variable, are the variables seen in this study. SmartPLS 3 was used to analyze the data in this study. The results of this study indicate that liquidity has a significant influence on capital structure, growth opportunities do not have a substantial influence on capital structure, liquidity does not have a significant influence on profitability, growth opportunities have a considerable influence on profitability, profitability does not have a substantial influence on capital structure, the existence of profitability is not enough to mediate the influence of liquidity on capital structure, profitability is also significantly unable to mediate the influence of growth opportunities on the capital structure
