PENGARUH PERTUMBUHAN PENJUALAN, STRUKTUR AKTIVA DAN PROFITABILITAS TERHADAP STRUKTUR MODAL

Abstract

A capital structure is the balance between debt and own capital which is used by the company to finance their operational activity. The purpose of this research is to find out the influence of sales growth, aseet structure and profitability to the capital structure in the real estate and property company. The data in this in this research is the secondary data which has been done by using purposive sampling and 8 companies have been selected as samples, the research period is conducted in 2009-2013 periods. The measurement of capital structure has been done by Debt to Equity Ratio (DER). The analysis has been done by using multiple linear regression. The result of the research shows that the variable of sales growth does not any significant influence to the capital structure in the real estate and property, and asset structure does not have any significant influence to the capital structure in the real estate and property. Meanwhile, profitability which has been measured by using Return On Equity (ROE) has significant and positif influence to the capital structure in the real estate and property.

Keywords :sales growth, asset structure, return on equity, debt to equity ratio.