Pengaruh Struktur Modal dan Pertumbuhan Perusahaan Terhadap Kinerja Keuangan dan Kinerja Saham Perusahaan Start-Up

Abstract

This study aims to analyze the direct and indirect effects of capital structure and company growth on financial performance and stock performance in start-up companies. The research object is a start-up company listed on the Indonesia Stock Exchange with the research sample, namely historical data for the 2017-2022 period which was officially requested from the Indonesian Stock Exchange. The analytical tool used is path analysis using the Partial Least Square (PLS) method. The result indicated the company's capital structure and company's growth are important factors and tend to have a negative effect on the company's financial performance and stock performance. Financial performance the only variable that has a positive influence directly on stock performance and also mediate the indirect relationship between company growth and stock performance.

Keywords: start up, capital structure, financial performance, stock performance, company growth