Open AccessPENGARUH KEBIJAKAN DIVIDEN, LIKUIDITAS, TANGIBILITY, ASSET TURNOVER, DAN COMPANY GROWTH TERHADAP STRUKTUR MODAL
Author(s) -
Mirnawati Ratuloly,
Anita Wijayanti,
Purnama Siddi
Publication year - 2020
Publication title -
oikos
Language(s) - English
Resource type - Journals
ISSN - 2549-2284
DOI - 10.23969/oikos.v4i1.2161
Subject(s) - market liquidity , capital structure , dividend policy , business , stock exchange , monetary economics , asset (computer security) , financial system , nonprobability sampling , dividend , debt , finance , economics , population , demography , computer security , sociology , computer science
Capital structure is the ratio between debt (foreign capital) and own capital (equity). There are several factors that affect capital structure such as dividend policy, liquidity, tangibility, asset turnover and company growth. This study aims to determine the effect of dividend policy, liquidity, tangibility, asset turnover and company growth on capital structure. In this study, the sampling method was carried out using purposive sampling and obtained as many as 14 companies in the consumer goods industry sector which were listed on the Indonesia Stock Exchange during 2015-2018. Thus the amount of data observed in this study amounted to 56 data. Data in this study were analyzed using Statistical Package for Social Sciences (SPSS) 22 with multiple linear regression analysis methods. The results of this study indicate that liquidity and asset turnover affect the capital structure while the dividend policy, tangibility and company growth do not affect the capital structure.