The Effect of Firm Size and Sales Growth on The Capital Structure and Financial Performance of The Tourism Industry in Indonesia

E-Journal of Tourism Pub Date : 2023-05-08 DOI:10.24922/eot.v10i1.97496

I. Widawati

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Abstract

The purpose of this study is to examine the effect of firm size and sales growth on the capital structure on the tourism industry and the effect of firm size, sales growth, and capital structure on the financial performance of a firm in the tourism industry that is listed on the Indonesia Stock Exchange (IDX). The sampling technique used a purposive sampling method for the tourism industry companies based on the determined criteria; 21 tourism industry companies that were listed on the Indonesia Stock Exchange in the 2013–2016 period were selected as samples. This research applies a classic assumption test and the multiple regression analysis technique using statistic test on Statistical Package for Social Science (SPSS) version 20. The results of the analysis indicate that firm size has a positive influence on a firm's financial performance; meanwhile, the capital structure has a negative effect on financial performance. Sales growth was found to not have any influence on the financial performance. Similarly, firm size and sales growth did not have any effect on the capital structure. Keywords : Firm size, sales growth, capital structure, financial performance

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企业规模和销售增长对印尼旅游业资本结构和财务绩效的影响

本研究的目的是考察企业规模和销售增长对旅游业资本结构的影响，以及企业规模、销售增长和资本结构对在印度尼西亚证券交易所(IDX)上市的旅游业公司财务绩效的影响。抽样技术采用有目的的抽样方法，根据确定的标准对旅游企业进行抽样;选取2013-2016年期间在印尼证券交易所上市的21家旅游行业公司作为样本。本研究采用经典假设检验和多元回归分析技术，采用SPSS第20版统计检验。分析结果表明，企业规模对企业财务绩效有正向影响;同时，资本结构对财务绩效有负向影响。研究发现，销售增长对财务业绩没有任何影响。同样，公司规模和销售增长对资本结构没有任何影响。关键词:企业规模，销售增长，资本结构，财务绩效

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E-Journal of Tourism

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