PENGARUH STRUKTUR AKTIVA, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL

Abstract

Capital structure becomes a very important issue for the company since good or bad of capital structure will influence the financial condition of the company which in the end it will influence the firm value.This research is meant to find out the influence of firm size, asset structure, and profitability to the capital structure. The population is food and beverages companies and the sample collection technique has been carried out by using saturated sampling, and 20 companies have been selected as samples. The multiple regressions analysis are used as the analysis technique.The result of the test shows that simultaneously the influence of firm size, asset structure and the profitability of the company have significant influence to the capital structure of the food and beverages companies in Indonesia Stock Exchange. This models is feasible to be used in this research model. This result is supported by the acquisition of large determination of coefficient level which shows that the determination coefficient is feasible to be used for the next research. The result of test hipotesis shows that firm size has positive and insignificant influence asset structure has positive and significant influence to the capital structure whereas the profitability level of the company has negative and significant influence to the capital structure.
Keywords:Firm Size, Assets Structure, Profitability, and Capital Structure