PENGARUH PROFITABILITAS, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN TRANSPORTASI

Abstract

This research is aimed to find out the influence of profitability, liquidity and firm size to the capital structure
both partial and simultaneous. In this research profitability is proxy by return on assets, liquidity is proxy by
current ratio and firm size is proxy by natural logarithm from total asset. The research object is the
transportation companies which are listed in Indonesia Stock Exchange. The sample collection technique has
been done by using purposive sampling with the sampleshave been selected by using purposive sampling method
and the samples are 7 transportation companies with the observation period in 2010-2014. The data source has
been carried out by using multiple regressions analysis. Based on the result of the data process, it shows that
profitability has significant and negative influence to the capital structure. Liquidity has significant but negative
influence to the capital structure, it means that when thecompany liquidity is high,it will decrease their capital
structure. Firm size has positive and insignificant influence to the capital structure. The result of the research
shows that simultaneously profitability, liquidity, and firm size give influence to the capital structure.

Keywords: profitability, liquidity, firm size and capital structure