Research Paper
Year: 2021 | Month: February | Volume: 8 | Issue: 2 | Pages: 639-642
DOI: https://doi.org/10.52403/ijrr.20210280
Analysis of Capital Structure in Various Industry Companies on the Indonesia Stock Exchange
Mila Yulia Herosian1, Fernando2, Jesslyn3, Hadiyanto4
1,2,3,4Universitas Prima Indonesia, Indonesia
Corresponding Author: Mila Yulia Herosian
ABSTRACT
The finances of a company are determined by the capital structure. There are variables that effect the capital structure of a company, for example, such as asset structure, liquidity (quick ratio), and profitability (GPM). This study aims to determine the effect that occurs between asset structure with capital structure, liquidity with capital structure, and profitability with capital structure. The data collection technique used a purposive sample, and there were 9 samples of companies from 39 populations of various industry companies listed on the Indonesia Stock Exchange (BEI) in 2014-2018. The analysis model uses multiple linear regression. Based on the results of the F test, it shows that the value of Fcount>Ftable is 9.508>2.83, so that simultaneously the asset structure, liquidity, profitability have an effect on the capital structure of companies in various industry companies on the Indonesia Stock Exchange. Whereas in the t test, asset structure, liquidity, profitability do not partially effect the capital structure.
Keywords: Asset Structure, Liquidity, Profitability, Capital Structure.
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