PENGARUH KARAKTERISTIK PERUSAHAAN TERHADAP STRUKTUR MODAL PERUSAHAAN PEMANUFAKTURAN YANG TERDAFTAR PADA BURSA EFEK INDONESIA
Abstract: The purpose of this
research is to find out the influence of firm characteristics on capital
structure in pecking order theory perspective of manufacturing companies listed
on the Indonesia Stock Exchange (IDX). Characteristics of firms that allegedly
affect the capital structure include: firm size , profitability, liquidity,
asset structure, price earnings ratio, and growth.The population in this
research is a manufacturing company listed on the Stock Exchange period
2005-2010. With purposive sampling method obtained totaling samples 501
companies. Model analysis using multiple linear regression analysis. Using the
F-test to determine the effect of simultaneous between company characteristics
and capital structure. Using t-test to examine the partial correlation of each independent
variable on capital structure.The results showed that the variables of
liquidity, profitability, and asset structure have negative and significant
influence on capital structure. While the variable firm size and firm growth
positively influence the capital structure. The other variable, price earnings
ratio do not have influence toward capital structure.
Penulis: Ratri Dian
Hestuningrum, Darsono
Kode Jurnal: jpakuntansidd120490
