PANGESTUTI, Irene Rini Demi (2018) THE EFFECT OF ASSET STRUCTURE, PROFITABILITY, COMPANY SIZE, AND COMPANY GROWTH ON CAPITAL STRUCTURE (The Study of Manufacturing Companies Listed on the IDX for the Period 2013 - 2017). Jurnal Bisnis STRATEGI, 27 (2). pp. 123-136. ISSN P-ISSN : 1410-1246, E-ISSN : 2580-1171

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Abstract

The purpose of this study was to determine and examine the effect of asset structure, profitability,
firm size and company growth on the capital structure of manufacturing companies listed on the
Indonesia Stock Exchange (IDX) in 2013 – 2017. The sampling method used was purposive
sampling that was 52 companies in the criteria. Data obtained from the Financial Reports and
Performance Reports published in the Indonesian Capital Market Directory (ICMD). The
analytical tool that used is multiple regression. Hypothesis testing is done by the F test, t-test and
determination coefficient. For the classical assumption, the test is done by normality test,
autocorrelation test, multicollinearity test, and heteroscedasticity test. The analysis of asset
structure has a positive effect on the capital structure and not significant to the capital structure,
profitability has a negative and significant effect on the capital structure, the size of the company
has a positive and significant effect on the capital structure, and the company’s growth has a
negative and significant effect on the capital structure.

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