PENGARUH STRUKTUR AKTIVA, OPERATING LAVERAGE DAN PROFITABILITAS TERHADAP STRUKTUR MODAL

Abstract

Capital structure is one of the problems which attract many researcher in the financial field. The problems of
capital structure is an important problem for each company, because whetherthe capital structure of company is
good or bad, itwill have direct influence to its financial position. The capital structure has been reviewed from
asset structure, operating leverage and profitability. This research is meant to test and tofind out the influence
of asset structure, operating leverage and profitability to the capital structure through annual financial report
which has been prepared by garments and textile companies which are listed in Indonesia Stock Exchange (IDX).
The population of this research has been selected by using purposive sampling on garment and textile companies
which are listed in Indonesia Stock Exchange (IDX) in 2011-2015 periods and based on the predetermined
criteria and 7 garment and textile companies have been selected as samples. The analysis method has been carried
out by using multiple linear regressions analysis and the instrument of SPSS (Statistical Product and Service
Solution) application. The result of this research shows that asset structure does not have any significant
influence to the capital structure of garments and textile companies, operating leverage has significant influence
to the capital structure of garments and textile companies, and profitability has significant influence to the
capital structure of garments and textile Companies.

Keywords: assetstructure, operating leverage, profitability and capital structure.