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

Abstract

The purpose of this research is to find out the influence of firm size, assets structures and sales growth to the capital structure on the textile and garment companies. The data is the secondary data which is the textile and garment companies which are listed in Indonesia Stock Exchange. The sample collection technique has been carried out by using purposive sampling and 8 companies have been selected as samples. The measurement of capital structure has been conducted by using DER (Debt to Equity Ratio). The multiple regressions analysis is used as the data analysis. The result of this research describes that the influence of firm size variable has significant positive since the firm size is the representation from the possibility of bankruptcy. Therefore, the firm size has positive impact to the use of debt and assets structure has significant positive to the capital structure since the company with large fixed asset will be easy in the procurement of debt since assets is still considered as collateral. Meanwhile, the sales growth does not have any significant influence since high sales level tend not to make company to procure a debt and enlarge its capital structure.
Keywords: Firm Size, Assets Structure, Sales Growth and Capital Structure.