PENGARUH STRUKTUR AKTIVA, UKURAN PERUSAHAAN, DAN PROFITABILITAS TERHADAP STRUKTUR MODAL

Abstract

Capital structure is a long term expenditure of a company which has been obtained from the comparison of long term debt to own capital. In order to determine the source of fund which will be used and the amount of the proportion of each source of fund, therefore, the company will analyze several factors to achieve the optimum capital structure. This research is meant to examine and to find out the influence of assets structure, firm size, and profitability to the capital structure of the Building Construction Companies which are listed in Indonesia Stock Exchange in 2011-2015 periods. The sample collection technique has been collected by using purposive sampling method. The samples are 7 Building Construction Companies which are listed in Indonesia Stock Exchange i.e. Adhi Karya (Persero) Tbk, Nusa Konstruksi Enjiniring Tbk, Pembangunan Perumahan (Persero) Tbk, Surya Semesta Internusa Tbk, Total Bangun Persada Tbk, Wijaya Karya (Persero) Tbk, and Waskita Karya (Persero) Tbk. The result of this research shows that assets structure and profitability give significant influence to the capital structure. Meanwhile, the firm size does not give any significant influence to the capital structure.
Keywords: capital structure, asset structure, firm size, and profitability.