Open AccessAnalisis Determinan Struktur Modal pada Perusahaan Otomotif yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2014-2018
Author(s) -
Nani Hartati,
Anissa Eka Fitria
Publication year - 2020
Publication title -
jaaf (journal of applied accounting and finance)
Language(s) - English
Resource type - Journals
eISSN - 2615-8051
pISSN - 2580-1791
DOI - 10.33021/jaaf.v4i1.1238
Subject(s) - capital structure , stock exchange , market liquidity , profitability index , tax shield , business , sample (material) , population , business administration , econometrics , debt , economics , finance , physics , demography , tax reform , sociology , gross income , public economics , thermodynamics , state income tax
The capital structure explains how the company funds its operational activities. The capital structure is influenced by various aspects, liquidity, profitability, company activity, asset structure and non-debt tax shield. The purpose of this study is to determine the effect of liquidity, profitability, activity, asset structure and non-debt tax shield on the capital structure of automotive companies listed on the IDX in the 2014-2018 period.Types of research is an explanatory research with quantitative method approach with a population of all automotive companies listed on the Indonesia Stock Exchange in 2014-2018. Purposive sample method is a sample selection method with a sample size of 6 sample companies. Multiple linear analysis is a data analysis method used with a significance of 5%. In this study, it can be concluded that CR, NPM and TATO have no effect on capital structure, while SA and NDTS have a significant positive effect on capital structure .