Liquidity Moderates the Effect of Good Corporate Governance and Capital Structure on Financial Performance, with Liquidity as the Moderating Variable (Study of Manufacturing Companies Listed on the Indonesia Stock Exchange)
Likuiditas Memoderasi Pengaruh Good Corporate Governance dan Stuktur Modal Terhadap Kinerja Keuangan Dengan Likuiditas Sebagai Variabel Moderasi (Studi Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia)
DOI:
https://doi.org/10.21070/ups.9375Keywords:
Good Corporate Governance (GCG), Capital Structure, Financial Performance, LiquidityAbstract
This study aims to analyze the effect of Good Governance, Leverage, and Capital Structure on Financial Performance, with Profitability as a moderating variable. The object of this research is manufacturing sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2019 to 2022. The sample was selected using a purposive sampling method, resulting in a total of 100 company data samples. Data processing was carried out using the SPSS statistical software. The results of the study indicate that Good Governance and Capital Structure have a significant effect on Financial Performance. In addition, Liquidity was found to moderate the relationship between Good Governance, Leverage, and Capital Structure on Financial Performance in food and beverage companies listed on the IDX during the period.
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