PENGARUH PROFITABILITAS, LIKUIDITAS, RETAINED EARNING, DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL PERUSAHAAN

Abstract

This research examined and analyzed the effect of profitability, liquidity,retained earnings, and firm size on the company’s capital structure. The research population was Property and Real Estate companies listed on the Indonesia Stock Exchange (IDX) during 2017-2021. Moreover, the research was quantitative. The data collection technique used a purposive samplingtechnique i.e., a sample collection with determined criteria. In line with that, there were 15 companies from 52 Properties and Real Estate companies listed on the Indonesia Stock Exchange (IDX) during 2017-2021 as the sample. Furthermore, the data were secondary. The data analysis technique used multiple linear regression analysis with SPSS 22. The result indicated that both profitability and liquidity had a negative effect on the company’s capital structure. However, retained earnings did not affect the company’s capital structure, but based on the relations way it had a negative and insignificant effect. On the other hand, the firm size had a positive effect on the company’s capital structure.