Proceedings of the 2nd International Conference on Management and Business (ICOMB 2023)

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The Effect of Capital Structure on Profitability and Stock Returns

(An empirical analysis of food and beverage companies listed between 2019 and 2021 on the IDX)

Authors
Agustinus Kris Bayuarditama1, *, Ratih Kusumawardhani1, Pristin Prima Sari1
1Faculty of Economics, Sarjanawiyata Tamansiswa University, Yogyakarta, Indonesia
*Corresponding author. Email: kbayuarditama@gmail.com
Corresponding Author
Agustinus Kris Bayuarditama
Available Online 30 May 2024.
DOI
10.2991/978-94-6463-402-0_15How to use a DOI?
Keywords
Capital Structure; Profitability; Stock Return; Company Size; Asset Growth; Tangibility; Liquidity
Abstract

This study looks at the connection between capital structure, profitability, and stock returns. along with the factors influencing each of these three variables separately. The exogenous variables in this study include business size, asset growth, tangibility, and liquidity, whereas the capital structure, profitability, and endogenous variables are stock returns. Businesses in the food and beverage sector that are listed on the IDX for the 2019–2021 fiscal year make up the population. period; 21 businesses are chosen as a sample. The analytical unit is made up of 63 data points. Using SPSS 24, path analysis is the data analysis method that is employed. The study’s findings show that capital structure is highly influenced by the following variables: company size, growth, tangibility, and liquidity of assets. Profitability is greatly influenced by a number of factors, such as capital structure, asset growth, and business size. The size of the company, capital structure, and asset growth all significantly affect stock returns.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Conference on Management and Business (ICOMB 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
30 May 2024
ISBN
10.2991/978-94-6463-402-0_15
ISSN
2352-5428
DOI
10.2991/978-94-6463-402-0_15How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Agustinus Kris Bayuarditama
AU  - Ratih Kusumawardhani
AU  - Pristin Prima Sari
PY  - 2024
DA  - 2024/05/30
TI  - The Effect of Capital Structure on Profitability and Stock Returns
BT  - Proceedings of the 2nd International Conference on Management and Business (ICOMB 2023)
PB  - Atlantis Press
SP  - 125
EP  - 138
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-402-0_15
DO  - 10.2991/978-94-6463-402-0_15
ID  - Bayuarditama2024
ER  -