PENGARUH STRUKTUR ASET, UKURAN PERUSAHAAN, CAPITAL EXPENDITURE, DAN LEVERAGE TERHADAP STRUKTUR MODAL

Abstract

This research examines the effect of asset structure, firm size, capital expenditure,and leverage on capital structure. The asset structure was measured by Fixed Asset Ratio (FAR), firm size (SIZE), Capital Expenditure (CapEx), and leverage was measured by Debt to Equity Ratio (DER). The research applies quantitatively. Furthermore, the population consists of Property & Real Estate companies listed on the Indonesia Stock Exchange (IDX) during 2020-2023. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, 9 companies with 4 years of observation as the sample. Therefore, there were 36 data analyzed. Moreover, the data analysis technique used multiple linear regression with SPSS 26.The result shows that asset structure has a negative and insignificant effect on capital structure. However, firm size has a positive and significant effect on capital structure. In contrast, capital expenditure has a negative and insignificant effect on capital structure. Meanwhile, leverage has a positive and significant effect on capital structure.