EXCHANGE VALUE AS A MODERATED VARIABLES PROFITABILITY DETERMINANTS

The purpose of this study to determine the factors that affect companys profitability. independent variables include activity, capital structure and firm size. moderating variable is currency exchange rate. Design/methodology/approach: subjects research are food beverage sub-sector manufacturing companies listed on Indonesia Stock Exchange from 2006-2017. sampling method used purposive. Panel data were analyzed using multiple regression.. Finding: result showed activity ratio had a positive effect, solvency no size company effect But rate can moderate Original/Value: This model was developed by including as variable. explain fluctuations, if there depreciation, amount debt will increase which in decrease profitability vice versa. KEYWORDS: Firm Activity, Capital Structure, Size, Rate Profitability.