PENGARUH PROFITABILITAS, LIKUIDITAS, SIZE, KEPEMILIKAN INSTITUSIONAL, DAN TANGIBILITY TERHADAP STRUKTUR MODAL

Abstract

This research is meant to test the influence of profitability, liquidity, firm size, institutional ownership, and
assets structure to the capital structure. The population is all manufacturing companies which are listed in
Indonesia Stock Exchange in 2012-2015 periods. The sample collection technique has been carried out by using
purposive sampling method and based on the predetermined criteria, 63 companies have been selected as samples.
The data of the financial statement of the companies has been obtained from the official website of IDX and
Indonesian Capital Market Directory (ICMD). This research has been carried out by using classic assumption
test and multiple linear regressions analysis test which has been performed by using the SPSS statistics test
version 20.0. The result of the research shows that profitability and liquidity has negative influence to the capital
structure. Institutional ownership and assets structure has positive influence to the capital structure.
Meanwhile, firm size does not have any influence to the capital structure. The determination coefficient of the
regression model which has been obtained is 0.807. It shows that the whole independent variables which
influence the dependent variable is 80.7% and the remaining 19.3% is influenced by other variables which are
not studied.
Keywords: Performance Financial, Firm Size, Institutional Ownership, Assets Structure, Capital Structure.