Open AccessAnalisis Pengaruh Pertumbuhan Penjualan, Struktur Aset, dan Profitabilitas terhadap Struktur Modal
Author(s) -
Harun Sitompul,
Aditia Yusuf Setiawan,
Aprih Santoso
Publication year - 2022
Publication title -
jurnal maksipreneur/jurnal maksipreneur: manajemen, koperasi, dan entrepreneurship
Language(s) - English
Resource type - Journals
eISSN - 2527-6638
pISSN - 2089-550X
DOI - 10.30588/jmp.v11i2.945
Subject(s) - capital structure , stock exchange , profitability index , nonprobability sampling , sample (material) , panel data , business , asset (computer security) , business administration , econometrics , modal , economics , finance , computer science , population , physics , chemistry , computer security , sociology , polymer chemistry , thermodynamics , debt , demography
The purpose of this study is to examine the effect of sales growth, asset structure, and profitability on the company's capital structure. The sample used was 119 manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2012 to 2015. The determination of the sample data in this study used a purposive sampling method, while the data used were panel data. The findings in this study indicate that sales growth and asset structure have a significant and positive effect on capital structure. On the other hand, profitability has a significant and negative effect on capital structure. With these findings, this study supports the results of previous research and shows that theories to explain the capital structure and the factors that influence it are not mutually exclusive.