文章基本信息

标题：The Role of Profitability in the Effect of Company Growth on the Debt Policy
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作者：Akhmadi Akhmadi ; Dabela Yunia ; Robiyanto Robiyanto 等
期刊名称：International Journal of Financial Research
印刷版ISSN：1923-4023
电子版ISSN：1923-4031
出版年度：2020
卷号：11
期号：4
页码：267-274
DOI：10.5430/ijfr.v11n4p267
出版社：Sciedu Press
摘要：This study aims to examine the role of profitability as a mediating variable on the effect of company growth on debt policy. The samples were companies of textile and garment sub-sector listed on the Indonesia Stock Exchange in the 2014-2018 period. The results show that asset growth (AG) did not affect the debt to equity ratio (DER). In addition, return on asset (ROA) was found to have a positive effect on the DER. Meanwhile, the ROA could not mediate the effect of asset growth on the DER.
关键词：asset growth; return on asset; debt to equity ratio; Indonesia Stock Exchange