PENGARUH PROFITABILITAS, PERTUMBUHAN ASSET DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL

Abstract

This research is meant to test and to find out the influence of profitability, asset growth, and firm size
to the capital structure of coal mining companies in Indonesia Stock Exchange in 2010-2014 periods.
The sample collection technique has been carried out by using non probability sampling and saturated
sample and the samples are 6 coal mining companies which are listed in Indonesia Stock Exchange in
2010-2014 periods. The research data is processed by using SPSS 22 software, Multiple Linear
Regressions, Classic Assumption, Goodnes of Fit test, and Hypothesis test. The result of the research
shows that the profitability variable has significant and negative influence to the capital structure
which means that the company prefer to choose the internal financing than the loan to finance their
new investment and additional capital; a company which has high profitability level is tend to finance
their company by using own capital i.e. the retained earnings and the stock. Asset growth variable
does not have any significant and positive influence to the capital structure; it means that the manager
does not pay attention to the growth level of the company in the business world. Firm size variable has
negative and significant influence to the capital structure; it means that companies prefer to choose the
internal financing than the loan.
Keywords: Capital Structure, Profitability, Asset Growth, and Firm Size.