Main Article Content

Abstract

The purpose of this research is to test the effect of capital structure and asset growth on the financial performance of an automotive subsector business entity listed on the Indonesia Stock Exchange (IDX). In research conducted using a population of 10 business entities listed on the Indonesia Stock Exchange (IDX) for the 2016-2021 period. in processing the research data carried out applying multiple linear regression analysis. In the resulting research data it is shown that the partial capital structure for proxies using the Debt to Equity Ratio has a significant and negative effect on financial performance. where there is a negative effect caused by the higher capital structure makes the financial performance lower. the growth of wealth or assets does not have a significant effect on financial performance. This is due to the process of growing assets in a business entity, even though with a maximum, but accompanied by the existence of external financing sources as a form of causing an increase in the budget with a decrease in the level of financial performance that is carried out. The research conducted using the F test shows that simultaneously, capital structure and asset growth have a significant effect on the financial performance of a business entity with the automotive sub-sector industry on the IDX list for 2016-2021 with an effect of 22.85%.

Keywords

Capital Structure Asset Growth Financial Performance

Article Details

How to Cite
Tiara Mustika Maharani, Reniati Reniati, & Darman Saputra. (2023). The Effect of Capital Structure and Asset Growth on Financial Performance in Automotive Sub-Sector Industrial Companies Listed on the Indonesia Stock Exchange (IDX). Central Asian Journal of Theoretical and Applied Science, 4(1), 85-97. Retrieved from https://cajotas.centralasianstudies.org/index.php/CAJOTAS/article/view/1068

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