PENGARUH RISIKO BISNIS, PROFITABILITAS, UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL

Abstract

This research aimed to examine the effect of business risk, profitability, and firm size on the capital structure of Food and Beverage companies that were listed on the Indonesia Stock Exchange (IDX) from 2016-up to 2020. The business risk was referred to as RISK. Meanwhile, the profitability was referred to as Return On Asset (ROA) and firm size was referred to as Size. The research data were secondary, in form of annual reports. The data collection technique used purposive sampling, with 30 Food and Beverage companies as the population. However, only 14 companies fulfilled the criteria as the sample. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service). The research result concluded that business risk did not affect the capital structure of Food and Beverage companies. Likewise, profitability did not affect the capital structure of Food and Beverage companies. In contrast, firm size had a positive effect on capital structure.