PENGARUH UKURAN PERUSAHAAN, PROFITABILITAS, DAN PERTUMBUHAN PERUSAHAAN TERHADAP STRUKTUR MODAL

Abstract

Capital structure is comparison or balanced between foreign capital and owned capital. While, this kind of
structure becomes part of financial structure. Meanwhile, some factors which affecting its capital structure
become essential thing in making composition of optimal company’s capital structure. Therefore, this research
aimed to examine the effect of firm size, profitability and firm growth on capital structure. The research was
quantitative. Moreover, the population was 13 Food and Beverages companies which were listed on Indonesia
Stock Exchange during 2013-2018. Furthermore, the data collection technique used purposive sampling. In line
with, there were 78 samples. Additionally, the data were secondary, in form of companies’ financial statement. In
addition, the data analysis technique used multiple linear regression with SPSS. The research result concluded
firm size did not affect capital structure. Likewise, firm growth did not affect capital structure. On the other
hand, profitability had negative effect on capital structure of Food and Beverages companies.
Keywords: capital structure, firm size, profitability, firm growth