Open AccessAnalysis of Factors Affecting Capital Structure (Study of Food and Beverage Companies listed on the Indonesia Stock Exchange 2017-2019 Period)
Author(s) -
Rina Silvia,
Yonas Meti
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.v4i4.28911
Subject(s) - stock exchange , market liquidity , business , nonprobability sampling , capital structure , descriptive statistics , population , finance , statistics , mathematics , debt , demography , sociology
This study aims to determine the factors that influence the capital structure of food and beverage companies (a study of food and beverage companies listed on the Indonesia Stock Exchange). The variables used in this study are sales growth, liquidity, asset growth and capital structure. The population of this study were all food and beverage companies listed on the Indonesia Stock Exchange for the 2017-2019 period, totaling 29 companies. The sample was selected by means of a purposive sampling method. There were 20 companies that met the criteria as research samples so that the research data amounted to 60. The data analysis techniques used were descriptive statistical analysis, classical assumption test, and multiple linear regression. Based on the results of data analysis, it is concluded that Sales Growth has no positive effect on capital structure. Liquidity has a negative effect on capital structure. Asset growth has no positive effect on capital structure.