PENGARUH UKURAN PERUSAHAAN, PROFITABILITAS DAN AKTIVITAS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR

Abstract

This research aimed to examine the effect of firm size, profitability, and activity on the capital structure of manufacturing companies which were listed on Indonesia stock Enchange (IDX). While, firm size was measured by log natural, profitability was measured by return on assets and activity was measured by total asset turnover. Meanwhile, capital structure was measured by debt to equity ratio. The research quantitative. Moreover, there were 172 manufacturing companies which were listend on Indonesia Stock Exchange (IDX) 2015-2018. Moreover, the data collection technique used purposive sampling, in which the sample was taken based on criteria given. In line with, there were 13 manufacturing companies as sample. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statisstical Package for the Social Science) 20. The research result concluded firm size (Ln) had negative and significant effect on the capital structure of manufacturing companies 2015-2018. On the other hand, profitability (ROA) had positive effect on the capital structure of manufacturing companies 2015-2018. Meanwhile, activity (TATO) had positive but insignificant effect on the capital structure (DER) of manufacturing companies
Keywords: firm size, profitability, activity, and capital structure