PENGARUH LIKUIDITAS, PROFITABILITAS TERHADAP STRUKTUR MODAL PERUSAHAAN OTOMOTIF YANG TERDAFTAR DI BEI

Abstract

precisely the level of debt is low, so the company does not use financing from debt an return on asset have a significan effect on the capital structure for a company that has a high level of profitability will reduce dependence on external capital due to the high profit level possible using internal funding in The purpose of this research is to find out the influence of Current Ratio (CR), Return On Asset (ROA), and Return On Equity (ROE) to the capital structure on automotive companies which are listed in IDX in 2010-2013 periods. The population is 11 automotive companies. The sample collection has been done by using purposive sampling method and 8 automotive companies have been selected as samples. The data is the secondary data which has been obtained from the Indonesia Stock Excahange and the analysis technique has been done by using multiple linear regression analysis. Result research shows that the variable current ratio is not significant effect on the capital structure due to high liquidity the from of retained earning, while return on equity was not a significan effect on the capital structure for a company with high profitability in general will use the loan amount relative.
Keywords : current ratio, return on asset, return on equity