Indonesian Journal of Economy, Business, Entrepreneuship and Finance (IJEBEF)
Vol. 1 No. 2 (2021): Indonesian Journal of Economy, Business, Entrepreneuship and Finance

EFFECT OF ASSET STRUCTURE, PROFITABILITY, AND SALES GROWTH ON CAPITAL STRUCTURE OF MANUFACTURING COMPANIES LISTED ON INDONESIA STOCK EXCHANGE: PENGARUH STRUKTUR AKTIVA, PROFITABILITAS, DAN PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Difi Dharmawan (Universitas Negeri Jakarta)
Santi Susanti (Universitas Negeri Jakarta)
Achmad Fauzi (Universitas Negeri Jakarta)

Article Info

Publish Date
01 Aug 2021

Abstract

This study examines the effect of asset structure, profitability, and sales growth on the capital structure of manufacturing companies listed on the Indonesia Stock Exchange in 2016-2020. The research method used is a descriptive quantitative method using secondary data with a sample of 48 manufacturing companies. The results of the requirements analysis test showed that the data were normally distributed and had a linear relationship. Based on the hypothesis test, it can be concluded that the asset structure, profitability, and sales growth have a significant positive effect on the capital structure (R2) is 18.1%. The conclusion that can be drawn in this study is that asset structure, profitability, and sales growth are factors that affect the capital structure, asset structure factors, profitability, and sales growth can be used by management in improving the company's capital structure and vice versa if shareholders want to predict capital structure when investing in a company. It is necessary to pay attention to the factors that affect the capital structure

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Journal Info
Indonesian Journal of Economy, Business, Entrepreneuship and Finance (IJEBEF)
Website

Abbrev

home

Publisher

Education and Social Center Publisher

Subject

Economics, Econometrics & Finance

Description

Indonesian Journal of Economy, Business, Entrepreneuship and Finance (IJEBEF) is a peer-refereed open-access National journal which has been established for the dissemination of state-of-the-art knowledge in the field of Economy. Starting from 2021, IJEBEF would be published Three times in a year. ...