PENGARUH STRUKTUR MODAL DAN INFLASI TERHADAP PROFITABILITAS PERUSAHAAN CONSUMER NON-CYCLICALS DI INDONESIA PERIODE 2022 - 2024
DOI:
https://doi.org/10.54259/akua.v5i3.7731Kata Kunci:
Capital Structure, Debt to Equity Ratio, Debt to Asset Ratio, Inflation, Return on EquityAbstrak
Penelitian ini mengkaji pengaruh struktur modal yang diukur dengan Debt to Equity Ratio (DER) dan Debt to Asset Ratio (DAR), serta inflasi terhadap profitabilitas perusahaan yang diukur dengan Return on Equity (ROE) pada perusahaan consumer non-cyclicals yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2022 – 2024. Melalui penggunaan purposive sampling, diperoleh 102 perusahaan terpilih sebagai sampel dengan total 306 observasi. Fixed Effect Model dengan Clustered Robust Standard Error diterapkan untuk menangani heteroskedastisitas. Hasil penelitian mengungkapkan bahwa secara parsial DER berpengaruh negatif dan signifikan terhadap ROE, sedangkan DAR dan Inflasi tidak menunjukkan pengaruh signifikan. Secara simultan, ketiga variabel tersebut berpengaruh signifikan terhadap ROE. Robustness dari hasil ini dikonfirmasi melalui pengujian tambahan menggunakan firm size dan revenue growth sebagai variabel kontrol.
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