PENGARUH PROFITABILITAS, LIKUIDITAS, STRUKTUR AKTIVA, DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL

Abstract

The purpose of this research is to know and analyze the influence of profitability proxy with return on assets, liquidity proxy with current ratio, asset structure, and company size to capital structure at property and real estate company. The population in this research were 53 property and real estate companies which listed in the Indonesia Stock Exchange, after a set of criteria can be obtained samples of 31 companies of property and real estate companies. The sampling technique used purposive sampling technique. The data used is audit financial report year 2013-2016. Data analysis technique used is multiple linear regression. The results of this research indicates that profitability (ROA) has a positive and insignificant influence on capital structure. While liquidity (CR) and asset structure (SA) have a negative and significant influence on capital structure. And firm size (UP) have positive and significant influenced to capital structure. In this research, the coefficient of determination is 21,9% which means profitability, liquidity, asset structure, and firm size have influence to capital structure only 21,9% while the rest 78,1% influenced by other factor outside this research.
Keywords : profitability, liquidity, asset structure, firm size and structure capital.