Eksplorasi pengaruh ukuran perusahaan dan debt to equity ratio terhadap return on asset Studi kasus pada PT. Mayora Indah Tbk, di Bursa Efek Indonesia 2016-2023
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Abstract
The purpose of this study is to explore the relationship between company size (CZ) and debt to equity ratio (DER), as well as the effect of both on return on assets (ROA). Case study at PT. Mayora Indah Tbk listed on the Indonesia Stock Exchange (IDX). The research design with a quantitative approach, the main data is the secondary data source with a ratio data scale. The unit of analysis is the company's financial statements for eight reporting periods from 2016-2023, which are explored and analyzed in 32 quarters, with the purposive sampling approach chosen in the sample draw. The data analysis method was used with classical assumption test, correlation test, calculation and analysis of the determination coefficient model, and multiple linear regression model test, as well as hypothesis test by applying t-test and F-test, using the SPSS v.26 program. The findings of the study showed that CZ had a weak and insignificant positive correlation with ROA. However, there is a negative correlation between DER with ROA. CZ and DER simultaneously had a low positive correlation with ROA. This condition explains that the predictive ability of CZ and DER against the variance of ROA is in the weak category. The findings of the study also concluded that CZ and DER had no effect on ROA, either partially or simultaneously. Where, ROA can be predominantly influenced by many other factors compared to the role of two predictors in this research model.
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