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

Abstract

In order to fulfill the need for funds of the company, the funds can be originated from the internal and external sources of the company. But, generally the company is tend to get profit by using its own capital as permanent capital whereas the foreign capital is used as a complement when the needed funds is insufficient. The use of own capital will become the responsibility to the overall risk of the company and it will become the assurance for the creditors. Meanwhile, foreign capital is the capital which comes from the creditors and it is an account receivable for the related company. The purpose of this research is to find out the influence of profitability, assets structure, firm size, and liquidity to the capital structure on food and beverages companies which are listed in Indonesia Stock Exchange.The samples are eight food and beverages companies which are listed in Indonesia Stock Exchange (IDX) and the research method is quantitative, the data is the secondary data which is in the form of audited financial statement. The multiple linear regressions are used as the data analysis technique. The result of the research shows that profitability, assets structure, firm size and liquidity variables have significant and positive influence to the capital structure.
Keywords: Profitability, Assets Structure, Firm Size, Liquidity and Capital Structure.