Title:
EFFECT OF ASSET GROWTH AND COMPANY SIZE ON THE FINANCIAL PERFORMANCE OF THE COMPANY WITH CAPITAL STRUCTURE AS AN INTERVENING VARIABLE

Authors:
Rina Dwiastuti and Triyono, Indonesia

Abstract:
This study aims to determine the effect of asset growth and company size on financial performance with capital structure as an intervening variable. The population in this study involved consumer non-cyclical sector companies listed on the Indonesia Stock Exchange for the period 2018-2021. Sampling method used purposive sampling based on specific criteria. The samples of this study are 189 data from the non-cyclical consumer sector listed on the Indonesia Stock Exchange for 2018-2021. Using the intervening model. The results revealed that asset growth has affected (statistically significant), but the company size did not affect (statistically insignificant) on the capital structure. Financial performance proxied with ROA is only able to affect the company size while asset growth and capital structure have no effect on financial performance.