ANALISIS FAKTOR – FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN MAKANAN DAN MINUMAN

Abstract

This research aimed to examine the effect of asset structure, profitability, liquidity and firm size on the capital structure of food and beverages companies listed on the Indonesia Stock Exchange in the 2015-2019 periods. This research was conduct for five years of observation from 2015-2019. The research population consisted of 13 food and beverages companies listed on Indonesia Stock Exchange. Furthermore, the research data used secondary data i.e., financial statements at the food and beverages companies listed on the Indonesia Stock Exchange. Besides, the analysis technique of this research used multiple linear regression analysis with instrument of SPSS software 23.0 version. The research result showed that asset structure did not affect the capital structure of food beverages companies, profitability had a significant effect on capital structure of food and beverages companies, liquidity had an insignificant effect on capital structure of food and beverages companies and size had a significant effect on capital structure of food and beverages companies. Moreover, the coefficient determination test result indicated that the variables of asset structure, profitability, liquidity and firm size gave 50% contributions on the capital structure, while the rest wast 50% affected by the other variables outside if the research model.
Keywords: active structure, profitability, liquidity, firm size, capital structure.