Open AccessANALISIS FAKTOR - FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PERUSAHAAN CREDIT AGENCY SELAIN BANK DI BURSA EFEK INDONESIA UNTUK PERIODE TAHUN 2011-2015
Author(s) -
Ermaini Ermaini,
Arniwita Arniwita
Publication year - 2017
Publication title -
jurnal manajemen dan sains
Language(s) - English
Resource type - Journals
eISSN - 2541-688X
pISSN - 2541-6243
DOI - 10.33087/jmas.v2i1.16
Subject(s) - capital structure , profitability index , business , financial system , dividend payout ratio , stock exchange , pecking order theory , dividend , business administration , market liquidity , monetary economics , dividend policy , finance , economics , debt
This study aimed to determine the effect of profitability and dividend payout ratio of capital structure in the non-financial listed companies in Indonesia Stock Exchange in 2011-2015. In theory, determining the factors that affect the capital structure based on the pecking order theory. This study included 10 non-financial firms using quantitative research where research data is derived from secondary data obtained from a non-participant observation study documentation. Were treated with multiple linear regression techniques. The analysis showed that profitability significantly and negatively related to capital structure while the dividend payout ratio has no significant effect on capital structure.Keywords: capital structure, dividend payout ratio, profitability