PENGARUH PROFITABILITAS, LIKUIDITAS, DAN STRUKTUR AKTIVA TERHADAP STRUKTUR MODAL

Abstract

This research aimed to examine the effect of profitability, liquidity, and asset structure on capital structure. While, the population was Food and Beverages companies which were listed on Indonesia Stock Exchange (IDX) during 2014-2018. The research was quantitative. Moreover, the data were secondary, in which taken from Indonesia Stock Exchange (IDX). Furthermore, the data collection technique used purposive sampling. In line with, there were 13 companies within 5 years observation as sample. Totally, there were 65 observations. Additionally, the data analysis technique used multiple linear regression. According to classical assumption test, through normality, heteroscedacity, multicollinearity, and autocorrelation test, it showed all variables did not break all requirements which were determined. In addition, from proper model test through F test, it showed regression model was properly used. In general, the test result concluded as follows: (1) profitability had negative effect on capital structure, (2) liquidity had negative effect on capital structure, and (3) asset structure did not affect capital structure.
Keywords: profitabilty, likuidity, asset structure, capital structure