PENGARUH KINERJA KEUANGAN DAN RISIKO BISNIS TERHADAP STRUKTUR MODAL
Abstract
This research examined the effect of profitability, growth opportunity, total assets turnover, and business risks on capital structure. The research was quantitative. The data were secondary and obtained from the annual financial statement of the company published by the Indonesia Stock Exchange (IDX) on the official website www.idx.co.id. Futhermore, the population was Coal Mining companies listed on the Indonesia Stock Exchange (IDX) during the 2019 – 2022 period. Moreover, the data collection technique used purposive sampling. In line with that, there were 20 Coal Mining companies as the sample with 4 years of observation. Therefore, the total data was 80. In addition, the data analysis technique used multiple linear regression with the SPSS program 26 version. The result showed that both profitability and business risk had a negative effect on the capital structure of Coal Mining companies. On the other hand, growth opportunity had a positive effect on the capital structure of Coal Mining companies. However, total assets turnover did not affect the capital structure of Coal Mining companies.