PENGARUH ASSET GROWTH, SALES GROWTH, LIKUIDITAS, DAN ACTIVITY RATIO TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2018-2020
Main Article Content
Abstract
This study aims to determine the effect of asset growth, sales growth, liquidity, and activity ratios on capital structure in manufacturing companies listed on the IDX for the 2018-2020 period. Purposive sampling method was used in determining the sample, so obtained 72 manufacturing companies. The statistics processing technique uses multiple regression analysis the usage of SPSS version 25. The results of this have a look at imply that the primary unbiased variable is asset boom or asset boom has a superb and insignificant effect on capital. The second independent variable is sales growth or sales growth has a negative and insignificant effect on capital structure. The third independent variable is liquidity has a negative and significant effect on capital structure. Finally, the fourth independent variable is the activity ratio which has a positive and insignificant effect on capital structure. The implication of this is to provide benefits as consideration for determining the company's objectives to use the capital structure in improving company performance.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
Alamsah, J. (2021). Pengaruh Asset Growth dan Operating Leverage Terhadap Struktur Modal pada Perusahaan Sektor Aneka Industri Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019. Jurnal Indonesia Sosial Teknologi, 2(4), 610-621.
Alfon & Yanti. (2021). Pengaruh Pertumbuhan Penjualan, Profitabilitas, Struktur Aktiva, Ukuran, dan Likuiditas Terhadap Struktur Modal. Jurnal Multiparadigma Akuntansi, 3(1), 417-425.
Chasanah, N. W. S., & Satrio, B. (2017). Pengaruh Profitabilitas, Likuiditas dan Ukuran Perusahaan Terhadap Struktur Modal Pada Perusahaan Transportasi. Jurnal Ilmu dan Riset Manajemen (JIRM), 6(7).
Falencia, Dewi, S. P., (2020) Faktor-Faktor Yang Mempengaruhi Struktur Modal Pada Perusahaan Manufaktur Di BEI. Jurnal Paradigma Akuntansi, 2(3), 1334-1342.
Febrita, N., & Yahya, Y. (2020). Pengaruh Profitabilitas, Aktivitas, Likuiditas Terhadap Struktur Modal Pada Perusahaan Rokok Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2019. Jurnal Ilmu dan Riset Manajemen (JIRM), 9(9).
Fitria, E., & Yuniati, T. (2020). Pengaruh Ukuran Perusahaan, Profitabilitas dan Aktivitas Terhadap Struktur Modal Pada Perusahaan Manufaktur.Jurnal Ilmu dan Riset Manajemen (JIRM), 9(7).
Herwin, R & Yuniarwati (2021). Pengaruh Business Risk, Firm Size, Profitability dan Liquidity terhadap Struktur Modal pada Perusahaan Manufaktur yang terdapftar di Bursa Efek Indonesia Periode 2017-2019.
Martini, E., Ramli, M. A., Gustyana, T. T., & Nugraha, N. (2021). Impact of Activity Ratio, Profitability, Liquidity, and Asset Structure on Capital Structure in Food and Beverages Companies Listed on Indonesia Stock Exchange Period 2015-2019. Jurnal Manajemen Indonesia, 21(2), 112-119.
Pelawi, D. S., & Sudirgo, T. (2021). Faktor-Faktor Yang Mempengaruhi Struktur Modal Perusahaan Manufaktur Yang Terdaftar Di BEI. Jurnal Paradigma Akuntansi, 3(1), 220-227.
Putri, A. D. H., & Laily, N. (2020). Pengaruh Profitabilitas, Ukuran Perusahaan, Rasio Aktivitas dan Risiko Bisnis Terhadap Struktur Modal. Jurnal Ilmu dan Riset Manajemen (JIRM), 9(9).
Sofat, R & Singh, S. (2016). Determinants of capital structure: An empirical study of manufacturing firms in India. International Journal of Law and Management. 59(6).
Wahyuni, I., & Ardini, L. (2017). Pengaruh Growth Opportunity, Profitabilitas Dan Kebijakan Deviden Terhadap Struktur Modal. Jurnal Ilmu dan Riset Akuntansi, 6(4), ISSN : 2460-0585.