Open AccessPeranan Growth Opportunity dan Faktor Internal Terhadap Struktur Modal Perusahaan Manufaktur Anggota Jakarta Islamic Index
Author(s) -
Wafa Anggraeny,
Robiyanto Robiyanto
Publication year - 2020
Publication title -
international journal of social science and business/international journal of social science and business
Language(s) - English
Resource type - Journals
eISSN - 2614-6533
pISSN - 2549-6409
DOI - 10.23887/ijssb.v4i3.24990
Subject(s) - nonprobability sampling , profitability index , panel data , capital structure , index (typography) , regression analysis , asset (computer security) , business , business administration , variables , econometrics , economics , finance , statistics , mathematics , population , debt , demography , computer security , sociology , world wide web , computer science
The study aims to analyze the factors that determine the capital structure of the manufacturing companies listed in the Jakarta Islamic Index (JII) during the period of 2015 – 2018. The independent variables in this research are profitability, asset structure, company size, and growth opportunity. Samples were taken by using the purposive sampling method and obtained 10 companies as research samples. Data analysis techniques use a regression analysis of data panel. The results of the regression panel in this study showed that profitability had a significant positive effect on capital structure. The asset structure, firm size and growth opportunity variables do not significantly influence the company's capital structure. The implication of this research is that companies need to pay attention to profitability variable in determining capital structure.