Pengaruh Ukuran Perusahaan Terhadap Profitabilitas dengan Pertumbuhan Penjualan Sebagai Variabel Intervening Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2022-2024

Abstrak

This study aims to analyze the effect of firm size on profitability with sales growth as an intervening variable in manufacturing companies listed on the Indonesia Stock Exchange for the period 2022–2024. The independent variable in this study is firm size, the dependent variable is profitability, and the intervening variable is sales growth. This research uses a quantitative approach with an associative research type. The data used are secondary data in the form of financial statements of manufacturing companies. The sampling technique employed purposive sampling, resulting in 80 companies with a total of 240 observations. Data analysis was conducted using descriptive statistical analysis, classical assumption tests, linear regression analysis, and mediation testing (Sobel test). The results show that firm size does not have a significant effect on profitability. However, firm size has a positive and significant effect on sales growth, and sales growth has a positive and significant effect on profitability. Furthermore, the mediation test results indicate that sales growth is able to significantly mediate the effect of firm size on profitability, although the indirect effect is relatively weak. The conclusion of this study indicates that an increase in firm size does not directly improve profitability but does so through sales growth as an intervening variable. Therefore, sales growth plays an important role in bridging the relationship between firm size and profitability. This study is expected to contribute to companies in determining strategies to improve financial performance and serve as a reference for future research.