PENGARUH LIKUIDITAS, PROFITABILITAS, PERTUMBUHAN PENJUALAN, DAN STRUKTUR ASET TERHADAP STRUKTUR MODAL

Abstrak

The purpose of this study is to describe the influences of liquidity (current ratio), profitability (ROE), sales growth, and the assets structure (fixed assets ratio) on capital structure. The population are the entire listed Garment & Textile companies on Indonesian Stock Exchange, which amounts 17 companies. Sampling method in this study is purposive sampling technique with criteria; listed successively on Indonesia Stock Exchange during 2013-2016 and generated profit during 2013-2016 and total sample are 8 companies. This study uses non-participant observation technique to collect the secondary data and multiple regression technique to analyze the influence of the independent variables to dependent variable. Findings of this study indicate that variable liquidity, profitability, and sales growth are partially give significant negative effect on capital structure, while the assets structure give significant positive effect on capital structure.

Keywords: capital structure, liquidity, profitability, sales growth, assets structure