PENGARUH ASSET TANGIBILITY, PROFITABILITAS, PERTUMBUHAN PERUSAHAAN DAN LIKUIDITAS TERHADAP STRUKTUR MODAL

Main Article Content

Meggan Graciella
Agustin Ekadjaja

Abstract

The purpose of this study is to provide empirical evidence on the impact of asset
tangibility, profitability, growth and liquidity on the capital structure in manufacturing
industry companies listed in Indonesian Stock Exchange during the period of 2018-
2020. In this research, samples used of 74 manufacturing companies for three years
were selected previously using the purposive sampling mtehod. Secondary Data were
used in this research which is in the form of financial information from financial
statement. Data was processed by eviews 12. The results of this study shows that asset
tangibility, profitability, and growth have a significant effect on capital structure.
Suggestion that can be given for next research it is expected to use other independent
variables such as company size, non-debt tax shield, company age that might show
better result.

Article Details

Section
Articles

References

Ayuningtyas, N., & Susanto, L. (2020). Pengaruh Profitabilitas, Struktur Aset, Ukuran

Perusahaan dan Likuiditas terhadap Struktur Modal. Jurnal Paradigma Akuntansi

Tarumanagara, 2(2), 536-546.

Basuki, A. T., & Prawoto, N. (2017). Analisis Regresi Dalam penelitian Ekonomi &

Bisnis (Dilengkapi aplikasi SPSS & Eviews). Depok: Rajawali pers.

Brealey, R. A., Myers, S. C., & Allen, F. (2020). Principles Of Corporate Finance.

Edisi 13. New York: Mc-Graw-Hill Education.

Brigham, E. F., & Houston, J. F. (2018). Dasar-Dasar Manajemen Keuangan. Edisi 14.

Jakarta: Salemba Empat.

Bylo, A., & Cankaya, S. (2019). Capital Structure Determinants in Transitional

Econonies. International Journal of Commerce and Finance, 5(1), 70-78

Christopher, H., & Santioso, L. (2020). Faktor-Faktor yang Mempengaruhi Struktur

Modal Perusahaan Manufaktur yang Terdaftar Di BEI. Jurnal Paradigma

Akuntansi Tarumanagara, 2(2), 707-716.

Djaali. (2020). Metodologi Penelitian Kuantitatif. Jakarta: Bumi Aksara.

Franklin, M., Graybeal, P., & Cooper, D. (2019). Principles Of Accounting. Texas:

Openstax College.

Ghozali, I., & Ratomoni, D. (2020). Analisis Multivariat dan Ekonometrika Teori,

Konsep dan Aplikasi dengan Eviews 10. Semarang: Badan Penerbit Universitas

Diponegoro.

Haron, R., Nomran, N. M., Othman, A. H. A., Husin, M. M., & Sharofiddin, A. (2021).

The Influence of firm, industry and concentrated ownership on dynamic capital

structure decision in emerging market. Journal of Asia Business Studies, 15(5),

-709.

Harahap, S. S. (2018). Analisis Kritis atas Laporan Keuangan. Depok: Rajawali Pers.

Hidayat, W. W. (2018). Dasar-Dasar Analisa Laporan Keuangan. Jawa Timur: Uwais

Inspirasi Indonesia.

James, C., Van, H., John, M., & Machowicz. (2009). Prinsip-Prinsip Manajemen

Keuangan. Jakarta: Salemba Empat

Kasmir. (2018). Analisis Laporan Keuangan. Depok: Rajawali Pers.

Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2016). Intermediate Accounting. Edisi

United States of America: Wiley.

Kuncoro, H. (2018). Statistika Deskriptif Untuk Analisis Ekonomi. Jakarta: Bumi

Aksara.

Nguyen, N. T. P., Nguyen, L. P., & Dang, H. T. T. (2017). Analyze the Determinants of

Capital Structure for Vietnamese Real Estate Listed Companies. International

Journal of Economics and Financial Issues, 7(4), 270-282.

Pepur, S., Curak, M., & Poposki, K. (2016). Corporate Capital Structure: The case of

large croatian Companies. Economic Research, 29(1), 498-514.

Pertiwi, N. K. N. I., & Darmayanti, N. P. A. (2018). Pengaruh Profitabilitas, Likuiditas,

Struktur Aktiva dan Kebijakan Dividen Terhadap Struktur Modal Perusahaan

Manufanktur Di BEI. E-Jurnal Manajemen, 7(6), 3115-3143.

Rezensky, R., & Lukman, H. (2023). The Role Of Ownership Concentration As

Moderation On Biological Asset Intensity, Company Size, And Firm Growth On

Biological Asset Disclosure In Agricultural Industry In Indonesia. International

Journal of Application on Economics and Business. Vol. 1 (2), pp. 45-56

Sibindi, A. (2016). Determinants of capital structure: A literature review. Risk

governance & control: financial markets & institutions, 6(4-1), 227-237.

Zulhawati., & Rofiqoh, I. (2014). Dasar-dasar Manajemen Keuangan. Yogyakarta: s.n.