Melola Discovery

← Melola Discovery

Akses terbuka Jurnal

PENGARUH STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP PROFITABILITAS DENGAN LIKUIDITAS SEBAGAI MODERASI PADA PERUSAHAAN FNB YANG TERDAFTAR DI BEI TAHUN 2021-2025

KOMITMEN: Jurnal Ilmiah Manajemen · Vol. 7 No. 2 (2026) · hlm. 293–304

DOI
10.15575/jim.v7i2.59485
ISSN
2723-1526
Terbit
2026-11-02
Penerbit
FEBI UIN Sunan Gunung Djati Bandung
Bahasa
eng
Lisensi
creativecommons.org/licenses/by-nc-sa/4.0

Abstrak

This study aims to examine the effect of capital structure and firm size on profitability, and to test whether liquidity moderates both relationships among food and beverage companies listed on the Indonesia Stock Exchange (IDX). A descriptive quantitative approach was applied using panel data from 46 companies during the 2021-2025 period, yielding 230 firm-year observations selected through purposive sampling. Secondary data from annual financial reports were analyzed using a single Moderated Regression Analysis (MRA) model per profitability proxy with the aid of SPSS software. The results show that capital structure has a significant but opposite-direction effect on Return on Assets (ROA) and Return on Equity (ROE), while firm size significantly affects one profitability proxy but not the other. Liquidity was not proven to moderate the effect of capital structure on profitability under either proxy, but was proven to strengthen the effect of firm size on profitability across both proxies. These findings indicate that the influence of capital structure and firm size on profitability is inconsistent across proxies and sensitive to the length of the observation period. This suggests that company management in the food and beverage sector needs to carefully consider liquidity conditions when designing funding policies, particularly when relying on firm scale as a strategy to improve profitability. This study is limited to a single sector, so the results cannot be broadly generalized to other industries; further research covering additional sectors and longer observation periods is recommended.

Kata kunci

Jaringan kolaborasi para penulis

12 penulis · 26 tautan kepenulisan bersama · 12 lintas organisasi

Arahkan kursor atau ketuk sebuah nama untuk menyorot rekan penulisnya. Klik dua kali untuk membuka halaman penulis.

  • Universitas Iqra Buru
  • Sriwijaya University
  • Sultan Zainal Abidin University
  • Universitas Bina Insan
  • Diponegoro University
  • Afiliasi tidak diketahui
  • Organisasi berbeda
  • Organisasi sama
  • Afiliasi tidak diketahui
  • Garis lebih tebal = lebih banyak artikel bersama · lingkaran lebih besar = lebih banyak artikel
Tampilkan sebagai tabel
Rekan penulisOrganisasiArtikel bersama
Rahmat NuthiharAfiliasi tidak diketahui1
M Chairul Basrun UmanailoUniversitas Iqra Buru1
Abdul Latif WabulaUniversitas Iqra Buru1
M. RusdiUniversitas Iqra Buru1
Budi SantosoDiponegoro University1
Samsuryadi SamsuryadiSriwijaya University1
Fatma Susilawati MohamadSultan Zainal Abidin University1
Harma Oktafia Lingga WijayaUniversitas Bina Insan1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) https://journal.uinsgd.ac.id/index.php/komitmen/oai, pertama di-harvest 7 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
<oai_dc:dc xmlns="http://www.openarchives.org/OAI/2.0/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/  http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
	<dc:title xml:lang="en-US">PENGARUH STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP PROFITABILITAS DENGAN LIKUIDITAS SEBAGAI MODERASI PADA PERUSAHAAN FNB YANG TERDAFTAR DI BEI TAHUN 2021-2025</dc:title>
	<dc:creator>Adhiputra, Tarangga Akmal</dc:creator>
	<dc:creator>Zakaria, Fakhmi</dc:creator>
	<dc:creator>Kurniawan, Rudi</dc:creator>
	<dc:creator>Ernitawati, Yenny</dc:creator>
	<dc:subject xml:lang="en-US">Capital Structure, Firm Size, Profitability, Liquidity, FnB</dc:subject>
	<dc:description xml:lang="en-US">This study aims to examine the effect of capital structure and firm size on profitability, and to test whether liquidity moderates both relationships among food and beverage companies listed on the Indonesia Stock Exchange (IDX). A descriptive quantitative approach was applied using panel data from 46 companies during the 2021-2025 period, yielding 230 firm-year observations selected through purposive sampling. Secondary data from annual financial reports were analyzed using a single Moderated Regression Analysis (MRA) model per profitability proxy with the aid of SPSS software. The results show that capital structure has a significant but opposite-direction effect on Return on Assets (ROA) and Return on Equity (ROE), while firm size significantly affects one profitability proxy but not the other. Liquidity was not proven to moderate the effect of capital structure on profitability under either proxy, but was proven to strengthen the effect of firm size on profitability across both proxies. These findings indicate that the influence of capital structure and firm size on profitability is inconsistent across proxies and sensitive to the length of the observation period. This suggests that company management in the food and beverage sector needs to carefully consider liquidity conditions when designing funding policies, particularly when relying on firm scale as a strategy to improve profitability. This study is limited to a single sector, so the results cannot be broadly generalized to other industries; further research covering additional sectors and longer observation periods is recommended.</dc:description>
	<dc:publisher xml:lang="en-US">FEBI UIN Sunan Gunung Djati Bandung</dc:publisher>
	<dc:date>2026-11-02</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.uinsgd.ac.id/index.php/komitmen/article/view/59485</dc:identifier>
	<dc:identifier>10.15575/jim.v7i2.59485</dc:identifier>
	<dc:source xml:lang="en-US">KOMITMEN: Jurnal Ilmiah Manajemen; Vol. 7 No. 2 (2026): KOMITMEN: Jurnal Ilmiah Manajemen; 293-304</dc:source>
	<dc:source>2723-1526</dc:source>
	<dc:source>10.15575/jim.v7i2</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.uinsgd.ac.id/index.php/komitmen/article/view/59485/17523</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2026 KOMITMEN: Jurnal Ilmiah Manajemen</dc:rights>
	<dc:rights xml:lang="en-US">https://creativecommons.org/licenses/by-nc-sa/4.0</dc:rights>
</oai_dc:dc>