PENGARUH STRUKTUR ASET, LIKUIDITAS, PROFITABILITAS, UKURAN PERUSAHAAN, PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL

Abstract

The purpose of this research is to test the factors that have influence on the capital structure. These factors
are assets structure, financial performance (represented by liquidity and profitability), company size and sales
growth. The samples are all companies which are engaged in the field of food and beverages sector which are
listed in Indonesia Stock Exchange (IDX) in 2011-2014 periods. The sample collection technique has been done
by using purposive sampling method, and it is based on the criteria which have been determined and 17
companies have been obtained as samples. This research has been carried out by performing classic assumption
test and multiple linear regressions analysis has been done by using statistic test instrument of SPSS 20.0
version. The result test shows that during the research periods from 2011 to 2014 partially the assets structure
and firm size variables have positive to the capital structure, meanwhile the profitability variable has negative
influence to the capital structure. On the contrary, the liquidity variable and the sales growth do not have any
influence to the capital structure of the company.
Keywords: Assets Structure, Financial Performance, Firm Size, Sales Growth, Capital Structure.