PENGARUH PROFITABILITAS DAN RESIKO BISNIS TERHADAP STRUKTUR MODAL PERUSAHAAN FOOD AND BEVERAGE

Abstract

Capital structure is the corporate permanent financing which reflects the comparison between long-term debt
and own capital. In determining the sources of funding and how much the fund which will be used and to
analyze some factors in order to obtain the optimum combination of the capital structure. This research is aimed
to find out the influence of profitability and business risk to the capital structure of food and beverages
companies which are listed in Indonesia Stock Exchange in 2013-2015. The samples are 12 food and beverages
companies which are listed in Indonesia Stock Exchange and these companies have been selected by using
purposive sampling. The research data uses the secondary data which has been obtained from the company
financial statements of food and beverages companies which are listed in Indonesia Stock Exchange. The result
of the research shows that profitability and business risk give significant influence to the capital structure.
Meanwhile, based on the result of the partial determination coefficient (r2), it can be seen that business risk has
dominant influence on the capital structure.

Keywords: Profitability, business risk, capital structure