PENGARUH STRUKTUR AKTIVA, OPERATING LEVERAGE, DAN GROWTH OPPORTUNITY TERHADAP STRUKTUR MODAL

Abstract

This reseach aimed to examine the effect of asset structure, operating leverage, and growth opportuninty on capital structure of plastics and package companies which go public an were listed on indonesia stick exchange while, asset structure was measure by fixed asset ratio, operating leverage was measured by degree of operating leverage, and growth opportunity was measured by growth opportunity formula. Meanwhile, capital structure was measured by Debt to Equity ratio (DER). The data collection technique used pupusive sampling. In line with, there were 8 companies as sample during 2014-2018. Oreover, the data were secondary which in the form of financial statement. Furthermore, the sata analysis technique used multiple linier regression. The research result, from t-test, concluded asset structure had negative and significant effect on capital structure. In contrast, operating leverage had positive and significant effect on capital structure. On the hand, growth opportunity had positive but insignificant effect on capital structure.
Keywords: asset structure, operating leverage, growth oppurtunity, capital structure