Pengaruh Profitabilitas, Pertumbuhan Aset Dan Likuiditas Terhadap Struktur Modal Pada Perusahaan Manufaktur Di Bursa Efek Indonesia

  • Tri Wulandari STIE Widya Gama Lumajang
  • Ratna Wijayanti Daniar Paramita STIE Widya Gama Lumajang
  • M Muni STIE Widya Gama Lumajang

Abstract

In its business activities the owner of the company delegates responsibility to other parties, namely the manager. In a company manager divided into several parts, one of them is a financial manager. One of the important decisions faced by financial managers in relation to the continuity of the company's operations is funding decisions or capital structure decisions. This study aims to determine the effect of profitability, asset growth and liquidity on the capital structure of manufacturing companies listed on the Indonesia Stock Exchange. This study uses a type of quantitative research. The population in the study were manufacturing companies listed on the Indonesia Stock Exchange for the period 2015-2017 with a percentage of 154 companies. The company samples used were 29 manufacturing companies listed on the Indonesia Stock Exchange and had complete annual financial reports for 3 years, from 2015 to 2017. The data analysis method used in this study was multiple linear regression, by testing the classical assumptions especially first. Based on the results of the study it is known that the variable Return On Equity (ROE) and Asset Growth (Growth Potential) does not significantly influence the capital structure of manufacturing companies in the Indonesia Stock Exchange. While the Liquidity (Current Ratio) variable has a significant effect on capital structure.

Published
2019-07-05