PENGARUH STRUKTUR AKTIVA, UKURAN PERUSAHAAN, DAN LIKUIDITAS TERHADAP STRUKTUR MODAL

Abstract

This researchis meant to examine the influence of asset structure, firm size and liquidity to the capital structure
of automotive companies. The population is all automotive companies which are listed in Indonesia Stock
Exchange andthe samplesare 10 automotive companies and 5 years of observation. The data is done by using
secondary data i.e. financial statements of automotive companies in Indonesia Stock Exchange. The hypothesis
test is done by using multiple regressionsmethod. The result of the research shows that assets structure, firm
size and liquidity have significant influenceto the capital structure.Assets structure has significant and positive
influenceto the capital structure; this suggests that assets structure of the company have a direct influenceto the
capital structure because assets structure of the company is theassurance. The firm size has significant and
positive influenceto the capital structure, it shows that a large size companies are tend to use more debt, thus it
will increase the capital structure. And liquidity has significant and positive influenceto the capital structure; it
describes the ability of the company to pay its short term liability by using its current assets.
Keywords:Assets Structure, Firm Size, Liquidity, and Capital Structure