PENGARUH CASH HOLDING, PROFITABILITAS, UKURAN PERUSAHAAN, LIKUIDITAS , DAN PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL

Abstract

The research aimed to find out the effect of Cash Holding, profitability, firm size, liquidity, sales growth on the capital structure of Food and Beverages companies which were listed on Indonesia Stock Exchange. The research was quantitative. In line whith, there were 48 samples from twelve Food and beverages companies which listed on Indonesia Stock Exchange 2014-2017. Moreover, the data analysis technique used multiple liniear regression. The reseacrh result concluded as follow: 1) Cash Holding has positive effect on the capital structure, it meant a higher cash holding increases higher expense, 2) profitability did not affect the capital structure, since a higher assets increased higher profit, 3) firm size did not affect the capital structure . In other words, the company could not arrange its debts optimally, 4) liquidity had negative effect on the capital structure as the company had higher liquidity, 5) sales growth had negative effect on the capital structure. In other words, the higher the sales growth, the less debts the company would use.
Keywoard: Cash Holding, Financial perfomance, Size, Sales Growth, Capital Structure