PENGARUH PERTUMBUHAN PENJUALAN, STRUKTUR AKTIVA, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL

Abstract

This research aims to examine the influence of sales growth, asset structure, profitability, and firm size on capital structure through annual financial reports that have been prepared and published by property and real estate companies which listed in the Indonesia Stock Exchange. The population in this research is obtained by using purposive sampling method at property and real estate company which listed in Indonesia Stock Exchange (BEI) during 2012-2016 period and based on predetermined criterion, 8 samples of property and real estate are obtained. Analytical methods used are multiple linear analysis, classical assumption test, capital feasibility test, and hypothesis test using SPSS (Statistical Product and Service Solutions) application tool. The results showed that the structure of assets and profitability have a negative and significant influence on capital structure. While the variable of sales growth and firm size are positive, but not significantly influence the capital structure. Simultaneously, the independent variable has a significant influence on the dependent variable with significance level of 0.001.
Keywords: sales growth, asset structure, profitability, firm size, and capital structure.