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

Sinta  Rodiyah; Bambang  Hadi Santoso

Sinta Rodiyah Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya
Bambang Hadi Santoso Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya

Keywords: firm size, profitability, asset structure, capital structure

Abstract

This research aims to determine the effect of firm size, profitability, and asset structure on the capital structure of Health companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023. The independent variables were used, namely firm size was a proxy for Size (Ln), profitability was a proxy for Return On Asset (ROA), and asset structure was a proxy for Fixed Assets Ratio. Meanwhile, capital structure was a proxy for the Debt to Equity Ratio (DER). The research applies quantitatively with a causal-comparative approach. The approach is used to find out the cause-effect relation between the variables. Furthermore, the population consists of 8 Health companies, which were taken as a sample. The data collection technique used saturated sampling. The result shows that profitability has a negative and insignificant effect on capital structure, asset structure has a negative and significant effect on capital structure, and firm size has a positive and significant effect on capital structure.