PENGARUH PROFITABILITAS, STRUKTUR AKTIVA, UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN PROPERTI

Abstract

This research aimed to find out the effect of profitability, asset structure, and firm size on the capital structure. While, the sampling collection technique used purposive sampling in which there were 10 property companies based on the criteria given as sample. The research result concluded profitability had negative and insignificant effect on the capital structure. It meant, the bigger or smaller the profitability did not have effect on the capital structure. On the other hand, the asset structure had positive and significant effect on the capital structure. In other words, the bigger the asset structure was, the more capital structure would be. Likewise, the firm size had positive and significant effect on capital structure. It meant, the bigger the company was, the more trust from the investors and creditor in giving their funds. Eventhough profitability did not have effect on the capital structure, the property companies had to consider its profitability. Moreover, the property companies had to consider its asset structure as the amount of it would affect on the increase of capital structure. In addition, the property companies had more consideration on the firm size as it gave trust to either investors and creditor in giving their funds.
Keywords: profitability, asset structure, firm size, capital structure.