Pengaruh Financial Leverage, Capital Structure, Liquidity, Dan Sales Growth Terhadap Financial Performance
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Abstract
The purpose of this study is to examine the effect of financial leverage, capital
structure, liquidity and sales growth on financial performance of manufacturing companies
listed in IDX during 2017-2019 period. This study uses 37 manufacturing companies that
have been selected through purposive sampling method with total of 111 data. The data was
processed using EViews 11 SV and Microsoft Excel 2016. Results of F-test showed that
independent variables simultaneously have significant effect on the dependent variable. The ttest result showed that financial leverage has positive significant effect to financial
performance. Capital structure, liquidity, and sales growth have negative and no significant
effect on financial performance. The implication of this research is the need to increase
financial leverage which will affect the company’s financial performance and can provide
good signal for investors
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