PENGARUH KEPUTUSAN INVESTASI, UKURAN PERUSAHAAN, PROFITABILITAS, DAN LIKUIDITAS TERHADAP STRUKTUR MODAL

Abstract

This research aimed to examine the effect of investment decision, firm size, profitability, and liquidity on the
capital structure of manufacturing companies which were listed on Indonesia Stock Exchange 2014-2017. While,
the data collection technique used purposive sampling. Moreover, the data analysis technique used multiple
linear regression. In line with, there were 55 companies as sample. In addition, the data used companies financial
statement which was takes from official website of IDX www.idx.co.id and from Investment Gallery Indonesia
Stock Exchange STIESIA at Menur Pumpungan 30, Surabaya.The reseacrh result concluded the regression
model had fulfilled the classical assumption test in general. It meant., the model was free of heteroscedacity,
multicolinearity, and autocorrelation. Besides, the data had been distributed normally. Therefore, from the
multiple linear regression, it concluded investment decision, and profitability had positive effect on capital
structure, liquidity had negative effect on capital struktur. On the other hand, the firm size did not affect the
capital structure.
Keywords : investment decision, firm size, liquidity, profitability, capital structure