FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA
Abstrak: The firm increases
its value through managing capital structure decision. Thus,
management of capital
structure and decisions
are important matter regarding the relationship between value of the
firm and capital cost. There are several theories about capital structure, which
explain capital structure decision making by management, such as asymmetric
information theory, agency
theory, static trade
off theory, and pecking order theory. Objectives of the research are to examine
and analyze the impact of the firm size, profitability, business risk, time
interest earned, and asset growth to capital structure of the manufacturing firm
listed in Indonesia
Stock Exchange. Samples
are taken by using purposive or judgement sampling method. Research has been done
on 213 observations.
The result shows that profitability, time interest earned, and
asset growth have significant impacts to capital structure. On
the other hand,
size and business
risks do not
have significant impact on
firm capital structure.
The next reasearch
is suggested to be
done by comparing
sectors of the
firm in a
longer period of time to get a more comprehensive result.
Keywords: Capital structure,
firm size, profitability, business
risk, time interest earned, asset growth
Penulis: FRISKA FIRNANTI
Kode Jurnal: jpakuntansidd110066
