Analisis Pengaruh Current Ratio, Ukuran Perusahaan, Struktur Modal dan Arus Kas Operasi terhadap Pertumbuhan Keuangan dengan Profitabilitas sebagai Variabel Intervening pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia

Abstract

This research aims to analyze effects of current ratio, firm size capita! structure and operating cash flow on financial growth with profitability as an intervening variable in mining sector companies listed on the Indonesia Stock Exchange. The data are obtained from secondary data in the form of financial statements of 39 companies in the period of 2016-2020 through the website www.idx.co.id. The data analysis method employed is panel data regression analysis. Current Ratio has negative yet insignificant effects on Financial Growth Firm size has negative effect on Financial Growth Capital Structure has a negative effect but not significant on Financial Growth, Operating Cash Flow has negative yet insignificant effects on Financial Growth. Current Ratio has negative yet insignificant effect on Profitability. Firm size hos positive and significant effects on profitability Capital structure has positive and significant effects on profitability Operating Cash Flow has positive yet insignificant effect on Profitability Profitability has positive and significant effects on financial growth. The effect of Current Ratio on Financial Growth, through Profitability is insignificant. The effect of Firm Size on Financial Growth, through Profitability is significant. The effect of Capital Structure on Financial Growth, through Profitability is significant. The effect of Operating Cash Flow on Financial Growth, through Profitability is insignificant