Growth Opportunity, Profitability And Company Size Capital Structure of Healthcare Companies

Francis Hutabarat

doi:10.35974/isc.v11i3.3714

Authors

Francis Hutabarat https://orcid.org/0000-0002-7603-9556

https://doi.org/10.35974/isc.v11i3.3714

Keywords:

Growth Opportunity, Profitability, Size, Capital Structure

Abstract

This study explores the influence of growth opportunity, profitability and company size on capital structure of healthcare companies. The primary objective is to ascertain the healthcare companies is sound during covid-19 as determined by the factors studied. The research employs a quantitative methodology, analyzing a dataset comprising financial performance of the company. The analytical approach focuses on finding the relationship between variables such as growth opportunities, profitability and firm size on capital structure. Smart PLS 3.0 is utilized in the study. The findings reveal that there is significant relationship between profitability and capital structure at 10% significant level. The study also show that firm size and capital structure has a significant relationship at 1% significant level. However, growth opportunity reveals no significant relationship with capital structure. The findings suggest that capital structure can be beneficial for the company especially during economic downturn, a larger firm with appropriate capital structure allows them to leverage their size for better financing terms, enhancing their capacity for growth and investment while managing risks effectively.

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