Pengaruh Ukuran Perusahaan, Cash Holding, Dan Struktur Modal Terhadap Kinerja Keuangan Sub-Sektor Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bei Pada Tahun 2020-2024
Abstrak
Kinerja keuangan merupakan representasi vital kesehatan ekonomi perusahaan yang mencerminkan keberhasilan manajemen dalam mengelola sumber daya. Penelitian ini menganalisis pengaruh ukuran perusahaan, cash holding, dan struktur modal terhadap kinerja keuangan (Return on Equity/ROE) pada perusahaan sub-sektor makanan dan minuman di Bursa Efek Indonesia (BEI) periode 2020–2024. Menggunakan metode kuantitatif dengan teknik purposive sampling, penelitian ini melibatkan 26 perusahaan dengan total 130 observasi data sekunder dari laporan keuangan tahunan. Analisis data dilakukan melalui statistik deskriptif dan regresi data panel menggunakan EViews 13. Hasil penelitian menunjukkan bahwa secara simultan, ketiga variabel independen berpengaruh signifikan terhadap kinerja keuangan. Namun, secara parsial, hanya struktur modal yang terbukti berpengaruh positif dan signifikan, sedangkan ukuran perusahaan dan cash holding tidak berpengaruh signifikan. Temuan ini menegaskan bahwa struktur modal merupakan faktor determinan vital dalam mendorong profitabilitas. Peneliti selanjutnya disarankan untuk memperluas variabel independen atau menggunakan objek penelitian berbeda guna hasil yang lebih komprehensif. Kata Kunci: Kinerja Keuangan, Ukuran Perusahaan, Cash Holding, Struktur Modal, ROE.
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