PENGARUH RASIO KEUANGAN DAN PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL

Abstract

The purpose of this research is to know the influence of asset structure, return on asset, current ratio, company size, business risk and sales growth on capital structure in consumer goods company which listed in Indonesia Stock Exchange. The population of this research was obtained by using purposive sampling method on consumer goods companies which listed on the Indonesia Stock Exchange during the 2013 to 2016 period and based on predetermined criteria then obtained a sample of 35 companies consumer goods. Data analysis techniques used multiple linear regression. The results of this research indicates that the structure of assets and firm size does not influenced the capital structure which means if the variable is increased or decreased it will not influenced the capital structure. Profitability and liquidity to the capital structure has a negative influence which means if the variable increases then the capital structure will decrease. While business risk and sales growth on capital structure has a positive influence which means if the variable increases then the capital structure will also increase.
Keywords: trade off theory, pecking order theory, capital structure