The Effect of Leverage and Company Size on Profitability (An Empirical Study of Manufacturing Companies Listed on the IDX in 2019-2022)
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Company Size,
Profitability
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Abstract
This study aims to examine the effect of leverage and company size on profitability (an empirical study of manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2019–2022). The population of this study consisted of all 10 energy companies listed on the IDX within the period 2019–2022. To determine the research sample, the author applied a purposive sampling technique. The analytical method employed in this study was multiple regression analysis using the SPSS program. Based on the test results and discussions presented, it can be concluded that leverage has an effect on profitability in energy sector companies listed during 2019–2022. Likewise, company size affects profitability in energy sector companies listed within the same period. The results of the coefficient of determination test show an Adjusted R-Square value of 0.546 or 54.6%. This indicates that leverage and company size jointly influence profitability by 54.6%, while the remaining 45.4% is explained by other variables outside the research model that were not included in this study.
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