The Influence Of Debt On Profitability With Firm Size And Sales Growth As Control Variables

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Published: Aug 20, 2022
DOI: https://doi.org/10.35335/mantik.v6i2.2704
Keywords:
Debt , Profitability, Firm Size, Sales Growth
Issue
Vol. 6 No. 2 (2022): August: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Section
Computer Science
Statistics Article
Article View : 181 Times

Main Article Content

arief nurdiannova Qurochman
STIE YAPAN

Abstract

This study is to determine the effect of debt policy on the financial performance of the company. Debt policy is proxied by short term debt (STD), long term debt (LTD), and total debt (TD), while financial performance is proxied by return on equity (ROE). This study uses 2 (two) control variables, namely firm size and sales growth (SG). This study uses a quantitative approach. The research population is all manufacturing companies listed on the Indonesia Stock Exchange for the period 2019 - 2021. The sample obtained is based on purposive sampling technique, and obtained 73 companies. The data analysis technique used is multiple linear regression with 2 (two) models. Model 1 is regression using the independent variables short term debt (STD), long term debt (LTD), and control variables. Meanwhile, model 2 is a regression of the independent variable total debt (TD) and the control variable.


Based on the results of data analysis, STD has no effect on ROE. LTD variable has a negative and significant effect on ROE. The TD variable has a negative and significant effect. The F test value for model 1 is 6.833, and the F test value for model 2 is 5.022. The value of adjusted R2 model 1 is 0.052. Model 2 has an adjusted R2 value of 0.097.

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How to Cite
Qurochman, arief nurdiannova (2022) “The Influence Of Debt On Profitability With Firm Size And Sales Growth As Control Variables”, Jurnal Mantik, 6(2), pp. 2463-2470. doi: 10.35335/mantik.v6i2.2704.
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