FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

Hans Christopher, Linda Santioso

Abstract


The purpose  of  this  research  is  to  examine the  factors  that  affect  the  capital structure. Population  in this  research are 156 manufacture companies  and  after sample selection using purposive sampling technique, 60 companies that have met the criteria. Dependent variable in this research is capital structure and independent variable consist of liquidity,  sales growth, profitability,  non-debt tax shield and  asset structure. The results showed that the variable liquidity, sales growth, profitability, non-debt tax shield and asset structure simultaneously affect the capital structure, and partially sales growth, profitability, non-debt tax shield have no significant effect to capital structure, while liquidity and asset structure have a significant effect to capital structure.


Keywords


Capital Structure; Liquidity; Sales Growth; Profitability; Non-Debt Tax Shield.

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DOI: http://dx.doi.org/10.24912/jpa.v2i2.7643

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