PENGARUH PROFITABILITAS, LIKUIDITAS, RISIKO BISNIS, UKURAN PERUSAHAAN, STRUKTUR ASET TERHADAP STRUKTUR MODAL

Abstract

This research aimed to find out the profitability, liquidity and business risk, firm size and asset structure of the capital structure at automotive companies. The research variables were proxy by Return On Asset (ROA), Current Ratio (CR), Degree of Operating Leverage (DOL), size and Debt to Equity Ratio (DER). The research population used automotive listed at Indonesia Stock Exchange in 2015-2019 periods. The research data source used secondary data. The research sample used the purposive sampling method i.e., sample selection with determining criteria it obtained 45 samples from 9 automotive companies listed on Indonesia Stock Exchange in the 2015-2019 periods. Moreover, the analysis technique of this research used multiple linear regression techniques with the SPSS 23 version.The research result showed that profitability did not have any effect on the capital structure of automotive companies. Liquidity was negative on the capital structure at automotive companies. Meanwhile, business risk had a negative effect on the capital structure at automotive companies. Furthermore, firm size did not have any effect on the capital structure at automotive companies. In addition, asset structure had a positive effect on the capital structure at automotive companies.