PENGARUH PROFITABILITAS, LIKUIDITAS, DAN STRUKTUR AKTIVA TERHADAP STRUKTURAL MODAL PADA PERUSAHAAN TRASNPORTASI DAN LOGISTIK YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine and find out the effect of financial performance, dividend policy and managerial ownership on profit growth and as the reference to predict the level of profit growth. The population was Transportasi and Logistics companies listed on the IDX during 2017-2021. Furthermore, the data collection technique used purposive sampling with 8 companies as the sample. Moreover, the data analysis technique used multiple liniear regression. The result showed that Return On Equity had a negative and significant effect on the capital structure. It meant, the higher the Return On Equity was, the lower the capital structure could be. However, Current Ratio had a positive but insignificant effect on the capital structure. This meant that when the companies had a hight-value asset, their funding needs would be mexanized and the debt level could be reduced. In contrast, asset structure had a positive and significant effect on the capital structure. In other words, the higher the asset structure was, the capital structure would be increased.