Exploring the Impact of Company Scale, Financial Health, and Debt Structure on Corporate Performance: A Case Study of Consumer Goods Industry Firms Listed on the Indonesian Stock Exchange from 2017 to 2019
Keywords:
Company Size (SIZE), Liquidity, Debt to Equity Ratio (DER), Economic Value Added (EVA)Abstract
This study examines the impact of company size, liquidity, and leverage on the performance of consumer goods industry firms listed on the Indonesia Stock Exchange during the period of 2017-2019. Using a purposive sampling method, data was collected from 35 companies within the consumer goods sector, resulting in a dataset comprising 105 observations over three years. Multiple linear regression analysis was employed to analyze the data. The findings reveal that company size positively and significantly influences company performance, as measured by Economic Value Added (EVA). Conversely, liquidity exhibits a negative and statistically insignificant effect on company performance. Similarly, leverage, as indicated by the Debt Equity Ratio (DER), demonstrates a negative and non-significant impact on company performance.
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