Pengaruh Manajemen Modal Kerja, Likuiditas dan Leverage terhadap Profitabilitas dengan Corporate Governance sebagai Variabel Moderating pada Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia

Abstract

The purpose of this study was to determine how the influence of working capital management, liquidity, and leverage with corporate governance as a moderating variable on the profitability of food and beverage companies listed on the Indonesia Stock Exchange. This type of research is causal. The population of this research is 19 companies listed on the Indonesian Stock Exchange in the 2006-2018 observation year. The type of sample in this study used purposive sampling where the sampling results were 5 companies. The data were processed using statistical regression tests with the help of Minitab software version 16. The results of the study prove that simultaneously, working capital management, liquidity and leverage have a significant effect on profitability. Partially, DAR, LTDtER and Time Interest Earned have a significant effect on company profitability..