PENGARUH PROFITABILITAS, LIKUIDITAS, UKURAN PERUSAHAAN, DAN STRUKTUR ASET TERHADAP STRUKTUR MODAL

Abstract

This research aimed to examine the effect of profitability (ROA), liquidity (CR), firm size and asset structure on capital structure (DER) of Property and Real Estate companies which were listed on Indonesia Stock Exchange (IDX). The population was Property and Real Estate companies which were listed on Indonesia Stock Exchange (IDX) during 2015-2019. Moreover, the data were in the form of annual report from Indonesia Stock Exchange official website. Moreover, the data collection technique used purposive sampling with 3 criteria for the sample. In line with, there were 27 companies, with overall data for about 135. Furthermore, the research was quantitative. Additionally, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution). The research result concluded that profitability (ROA) did not affect capital structure (DER) of Property and Real Estate companies. On the other hand, liquidity (CR) had a negative effect on capital structure (DER) of Property and Real Estate companies. Meanwhile, firm size had a positive effect on a capital structure (DER) of Property and Real Estate companies. In contrast, asset structure had a negative effect on capital structure (DER) of Property and Real Estate companies.
Keyword: profitability, liquidity, firm size, asset structure, capital structure