DETERMINATION BUSINESS EXPENDITURE SYSTEM ON COMPANY PERFORMANCE WITH FIRM SIZE AS A MODERATING VARIABELIN IN ENERGY COMPANIES
DOI:
https://doi.org/10.29103/icofeb.v2i-.1147Keywords:
Capital Expenditure, Operating Expenditure, Financial Performance and Firm SizeAbstract
This research aims to analyze the influence of capital expenditure and operating expenditure on financial performance with firm size as a moderating variable. A sample of 189 energy companies listed on the Indonesia Stock Exchange in 2020 - 2022 was obtained using the purposive sampling method. This research uses panel data which has cross section and time series characteristics. The research results show that capital expenditure and operating expenditure have a significant effect on financial performance, and firm size is able to moderate operating expenditure on financial performance. Meanwhile, firm size is unable to moderate capital expenditure on financial performance.
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