PENGARUH UKURAN PERUSAHAAN, PROFITABILITAS DAN PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL PADA CV. MULTI JAYA MOJOKERTO

Abstract

This research aimed to examine the effect of firm size, profitability which referred to net profit margin and sales growth on the capital structure. While, population was CV. Multi jaya. Moreover, the research did not use data collection technique as it was case study. Furthermore, the data used which in the form of financial statement of CV Multi Jaya 2014-2017. In addition, the data analysis technique used multiple linear regression with SPSS 25. The research result, partially, concluded firm size which was measured by natural logarithm from the assets total, had positive and significant effect on the capital structure. This research supported Sa’adah (2015) which concluded the firm size had positive effect on the capital structure. On the other hand, profitability which was measured by net profit margin, had negative and significant effect on the capital structure. This research supported Annisa (2015) which concluded profitability had negative effect on the capital structure. Moreover, sales growth which was measured by growth sales, had insignificant effect on the capital structure. This research supported Eviani (2015) which concluded sales growth had positive but insignificant effect on the capital structure.

Keywords : capital structure, firm size, profitability, sales growth.