FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PERUSAHAAN KOSMETIK DAN KEPERLUAN RUMAH TANGGA DI BEI

Abstract

This research is meant to test and to find out the influence of sales stability, assets structure,
profitability, business risk and growth rates to the capital structure of cosmetics companies
which are listed in Indonesia Stock Exchange in 2010-2014 periods. The samples are 4
cosmetics companies. The result hypothesis test of the research shows that sales stability
variable has significant influence to the capital structure because the company which has
stable
sales tends to choose external funding in the form of debt. The assets structure variable
has not significant to the capital structure because company use capital internal in
investment activity for expand business that company. Profitability variable has significant
influence to the capital structure because the company has high profit rates cannot supply
capital requirement to current assets that want capital dependency from external. Business
risk variable has not significant influence to the capital structure because business risk cannot
shows exactly in the rate of return current assets. The growth rates variable has not
significant influence because increase cost of production can fiiled from capital internal
without of debt.

Keywords: Sales Stability, Assets Structure, Profitability, Business Risk, Growth Rates,
Capital Structure