PENGARUH PROFITABILITAS, LIKUIDITAS DAN PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN FOOD AND BEVERAGES

Abstract

This research aims to examine the influence of Profitability, Liquidity, and Sales Growth on the capital structure of food and beverages companies which is listed in the Indonesia Stock Exchange (IDX). The population in this research is obtained by using purposive sampling method at food and beverages company which is listed in Indonesia Stock Exchange (IDX) during the 2013-2016 period and based on predetermined criteria, the sample of 10 food and beverages company is PT. Akasha Wira International Tbk, PT. Wilmar Cahaya Indonesia Tbk, PT. Delta Djakarta Tbk, PT. Indofood CBP Sukses Makmur Tbk, PT. Indofood Sukses Makmur Tbk, PT. Mayora Indah Tbk, PT. Nippon Indosari Corporindo Tbk, PT. Sekar Laut Tbk, PT. Siantar Top Tbk, and PT. Ultrajaya Tbk. The data that been used is the financial statements of 2013-2016. The analytical method that been used is multiple linear regression with using SPSS tool. The results of this study indicate that Profitability significantly influence the negative direction to Capital Structure. Liquidity significantly influenced the negative direction of Capital Structure. Sales Growth is not significant with positive direction to Capital Structure.
Keywords: Profitability, liquidity, sales growth, and capital structure