Capital Structure as a Mediating Factor in the Relationship between Profitability and Liquidity on Investment Decisions

Rizqia Assaroh, Fauji Sanusi

Abstract


This study aims to evaluate the impact of Profitability and Liquidity on investment decisions, while considering the role of capital structure as a mediating factor. The population of this study was all plantation sub-sector companies listed on the Indonesia Stock Exchange in 2015-2020. The sample was obtained using a purposive sampling technique, resulting in 7 companies with a total of 42 data points. Data analysis was carried out using SmartPLS, with secondary data types. The findings of this study indicate that profitability and liquidity do not affect investment decisions. Profitability and liquidity have a negative effect on capital structure. Investment decisions are not influenced by capital structure. Capital structure is unable to mediate between profitability and liquidity on company investment decisions.


Keywords


Capital Structure, Investment Decisions, Liquidity, Profitability.

Full Text:

104-114

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