PENGARUH PROFITABILITAS, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN TRANSPORTASI

Abstract

This research aimed to examine the profitability, liquidity and firm size of the capital structure. Furthermore, the population of this research used transportation companies listed on Indonesia Stock Exchange (IDX) in the 20152019 periods. Meanwhile, the data source of this research used secondary data in the annual financial report. The sample collection technique of this research used the purposive sampling method i.e., sampling technique with criteria determined by the researcher. Based on the sample determined criteria, it obtained 10 companies. This research was conducted for five years of observation, the total of all the research samples was 50 companies. In addition, this research used secondary data from the company's annual report taken from Indonesia Stock Exchange. Moreover, the analysis method of this research used multiple linear regressions analysis. The research result showed that (1) profitability does not have any significant and positive influence to the capital structure at transportation companies listed on IDX in the 2015-2019 periods. (2) Liquidity had a significant and negative influence to the capital structure at transportation companies listed on Indonesia Stock Exchange in 2015-2019. (3) Firm size did not affect the capital structure at the transportation company listed on IDX in 2015-2019. (3) firm size does not have any significant but positive influence to the capital structure at transportation companies listed on IDX in the 2015-2019 periods.