PENGARUH UKURAN PERUSAHAAN, PERTUMBUHAN PENJUALAN DAN KEPEMILIKAN MANAJERIAL TERHADAP STRUKTUR MODAL

Abstract

This research aimed to examine the effect of firm size, sales growth, and managerial ownership on capital structure on Tourism and Hospitality Companies on the Indonesia Stock Exchange (IDX). The firm size was measured by LN (Total Asset), sales growth was measured by (Salest -Salest-1)/ Salest-1 , managerial ownership was measured by manager stock/total of distributed stock, and capital structure was measured by DER. The research was quantitative. Moreover, the population was Tourism and Hotel companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 11 Tourism and Hotel companies as the sample. Furthermore, the data were taken for 5 years (2018-2022). In total, there were 55 data samples. The data analysis technique used multiple linear regression with SPSS 26. The result showed that managerial ownership had a negative effect on capital structure. On the other hand, firm size and sales growth did not affect capital structure.