JBK
Vol. 7 No. 2 (2021): Vol 7 No 2: Jurnal Bisnis Kolega (JBK), Desember 2021

PENGARUH STRUKTUR AKTIVA DAN PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PT NICKERSON STAR MULTI PERKASA MEDAN

Sunarji Harahap (STIE Professional Manajemen College Indonesia)
Valerie Tanjaya (STIE Professional Manajemen College Indonesia)
Elidawati (STIE Professional Manajemen College Indonesia)



Article Info

Publish Date
23 Feb 2022

Abstract

PT. Nickerson Star Multi Perkasa Medan is engaged in fertilizer and its operational activities include buying and selling of fertilizers. The purpose of this study was to determine and analyze the effect of asset structure and sales growth on capital structure with profitability as an intervening variable at PT Nickerson Star Multi Perkasa Medan. The population to be the sample of this study is 48 data on fixed assets, total assets, sales, total debt, equity, net profit of PT Nickerson Star Multi Perkasa Medan for the period 2016-2019. This research data collection technique using document analysis of the financial statements of PT Nickerson Star Multi Perkasa Medan for the period 2016-2019. and literature review which is the reference for this study. Path analysis is used to determine the relationship pattern of the variables but cannot be used to confirm or reject the hypothesis. The results showed that the asset structure has a positive and significant effect on the capital structure at PT Nickerson Star Multi Perkasa Medan. Sales growth has a negative and significant effect on the capital structure of PT Nickerson Star Multi Perkasa Medan. Asset structure has a significant negative effect on profitability at PT Nickerson Star Multi Perkasa Medan. Sales growth has a significant negative effect on profitability at PT Nickerson Star Multi Perkasa Medan. Profitability has no effect on the capital structure of PT Nickerson Star Multi Perkasa Medan. Keywords: Asset Structure, Sales Growth, Profitability and Capital Structure.

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Journal Info
JBK

Abbrev

jbk

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science

Description

FOCUS AND SCOPE Jurnal Bisnis Kolega adalah Media publikasi kajian konseptual dan praktis berupa telaah teoritis maupun hasil-hasil penelitian empiris yang membahas bidang Manajemen : Manajemen Pemasaran, Manajemen Keuangan, Manajemen Sumber Daya Manusia, Manajemen Bisnis, Manajemen Strategi dan ...