PENGARUH STRUKTUR AKTIVA, PROFITABILITAS DAN LIKUIDITAS TERHADAP STRUKTUR MODAL

Abstract

The purpose of this research is to test the influence of assets structures, profitability and liquidity to the capital structure. The financial statements of the food and beverages companies which are listed in Indonesia Stock Exchange in 2009-2013 periods have been obtained in order to be used as the data variable. The samples are 6 food and beverages companies which are listed in Indonesia Stock Exchange which have been selected by using purposive sampling technique. The multiple linear regressions analysis method is used as the analysis method. The result of the research describes that the assets structures variable does not have any significant influence to the capital structure since the companies tend to use their assets for the company’s operational and it is not used to reduce the company’s debt risk. Profitability does not have any significant influence to the capital structure since the company does not regard the range of the amount of the profit which has been generated by the companies in determining their capital structure since large liquidity will make the company to use this liquidity for financing without any debt is required.
Keywords: Assets Structures, Profitability, Liquidity and Capital Structure.