PENGARUH PROFITABILITAS, STRUKTUR AKTIVA, LIKUIDITAS, DAN RISIKO BISNIS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of probability, active structure, and firm risk which referred to Return On Asset (ROA), Fix Asset to Total Asset (FATA), Current Ratio (CR), and Degree Operating Leverage (DOL) on the capital structure of some automotive companies which were listed on Indonesia Stock Exchange 2012-2017. The research was quantitative. While, the population was 13 automotive companies which were listed on Indonesia Stock Exchange 2012-2017. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 5 companies as sample. Furthermore, the data analysis technique used multiple linier regression, in order to examine the effect of probability, active structure, liquidity, and firm risk on the capital structure. The reseach result concluded probability had positive but insignificant effect on the capital. on the other hand, liquidity and firm risk had negative but significant effect on the capital structure. in addition, the active structure had negative and significant effect on the capital structure.
Keywords: profitability, active structure, liquidity, firm risk, capital structure