FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP STRUKTUR MODAL PERUSAHAAN SEKTOR PROPERTY YANG TERDAFTAR DI BEI PERIODE 2013-2017

Abstract

This research attempts to find out the influence of profitability (ROA), firm size (LN total asset), liquidity (CR), firm growth that consists of asset growth, sales growth, and asset structure toward the decision-making of the capital structure in property, real estate, and building construction sector that listed at IDX since 2013-2017. This study focuses on the quantitative aspect and causal associative. This study used secondary data obtained from the firm financial report. This study uses a purposive sampling technique obtained from 37 firms. This research used multiple linear regression method. The finding of this research reveals that independent variables simultaneously influence the dependent variable. The partial finding reveals that firm size, liquidity, and asset growth influence the capital structure. However, profitability, sales growth, and asset structure do not affect capital structure. Thus, if a manager wants to make decisions in forming a good capital structure, then the variable of firm size, liquidity, and the firm asset growth must be considered.