PENGARUH STRUKTUR AKTIVA, LIKUIDITAS, DAN PROFITABILITAS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN OTOMOTIF YANG TERDAFTAR DI BEI

Abstract

Capital structure is an important issue for a company, because the good of the capital structure will have a direct influence on the company's financial condition. This research aims to determine the influence of asset structure (SA), current ratio (CR), return on asset (ROA) to debt to equity ratio (DER) in automotive companies which is listed in Indonesia Stock Exchange period 2011-2016. The population in this research is a company which is listed in the Indonesia Stock Exchange incorporated in the automotive company as many as 12 companies. Sampling used in this research is purposive sampling method and based on predetermined criteria then obtained sample of 9 companies of automotive which listed in the Indonesia Stock Exchange. The analysis method that used is multiple regression analysis with using SPSS application tools (Statistical Product and Service Solutions) version 24. The results of this research indicates that the variable of asset structure and return on asset (ROA) have no significant influence on debt to equity ratio (DER), while the variable of current ratio has significant influence to debt to equity ratio (DER) in automotive company which is listed in Indonesia Stock Exchange.
Keywords: asset structure, current ratio, return on asset, debt to equity ratio.