Identifikasi Struktur Modal Melalui Profitabilitas, Pertumbuhan Penjualan dan Ukuran Perusahaan
This study aims to analyze the effect of profitability, sales growth and firm size on capital structure. The population of this research is basic industrial and chemical company which go public in Bursa Efek Indonesia. The observations are conducted in 2013-2016. The data source is taken from Indone...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University of Merdeka Malang
2018-08-01
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| Series: | AFRE (Accounting and Financial Review) |
| Subjects: | |
| Online Access: | https://jurnal.unmer.ac.id/index.php/afr/article/view/2246 |
| _version_ | 1818547155418218496 |
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| author | Grahita Chandrarin Diyah Sukanti Cahyaningsih |
| author_facet | Grahita Chandrarin Diyah Sukanti Cahyaningsih |
| author_sort | Grahita Chandrarin |
| collection | DOAJ |
| description | This study aims to analyze the effect of profitability, sales growth and firm size on capital structure. The population of this research is basic industrial and chemical company which go public in Bursa Efek Indonesia. The observations are conducted in 2013-2016. The data source is taken from Indonesian Capital Directory Market (ICMD). Sampling technique used with purposive sampling. The sample size is 19 companies with 4 years observation period, so there are 76 observation data. Management in determining the source of financing will consider the cost or risk with a refund. In theory, pecking order management will expose the source of internal funding, external in the form of debt, then the issuance of shares. Profitability of the company during the year 2013-2016 shows positive. Sales increase except in 2015, where sales growth is negative. Company assets show an increase every year. Data analysis techniques use multiple linear regression. The results show that profitability and sales growth affect the capital structure. The size of the firm has no effect on the capital structure. The results support the pecking order theory.
DOI: https://doi.org/10.26905/afr.v1i1.2246 |
| first_indexed | 2024-12-12T08:02:56Z |
| format | Article |
| id | doaj.art-357eaf62ff9e42118555c2ffbd2cd53c |
| institution | Directory Open Access Journal |
| issn | 2598-7763 2598-7771 |
| language | English |
| last_indexed | 2024-12-12T08:02:56Z |
| publishDate | 2018-08-01 |
| publisher | University of Merdeka Malang |
| record_format | Article |
| series | AFRE (Accounting and Financial Review) |
| spelling | doaj.art-357eaf62ff9e42118555c2ffbd2cd53c2022-12-22T00:32:03ZengUniversity of Merdeka MalangAFRE (Accounting and Financial Review)2598-77632598-77712018-08-011110.26905/afr.v1i1.22461439Identifikasi Struktur Modal Melalui Profitabilitas, Pertumbuhan Penjualan dan Ukuran PerusahaanGrahita Chandrarin0Diyah Sukanti Cahyaningsih1Universitas Merdeka MalangUniversitas Merdeka MalangThis study aims to analyze the effect of profitability, sales growth and firm size on capital structure. The population of this research is basic industrial and chemical company which go public in Bursa Efek Indonesia. The observations are conducted in 2013-2016. The data source is taken from Indonesian Capital Directory Market (ICMD). Sampling technique used with purposive sampling. The sample size is 19 companies with 4 years observation period, so there are 76 observation data. Management in determining the source of financing will consider the cost or risk with a refund. In theory, pecking order management will expose the source of internal funding, external in the form of debt, then the issuance of shares. Profitability of the company during the year 2013-2016 shows positive. Sales increase except in 2015, where sales growth is negative. Company assets show an increase every year. Data analysis techniques use multiple linear regression. The results show that profitability and sales growth affect the capital structure. The size of the firm has no effect on the capital structure. The results support the pecking order theory. DOI: https://doi.org/10.26905/afr.v1i1.2246https://jurnal.unmer.ac.id/index.php/afr/article/view/2246capital structurefirm sizepecking order theoryprofitabitysale growth |
| spellingShingle | Grahita Chandrarin Diyah Sukanti Cahyaningsih Identifikasi Struktur Modal Melalui Profitabilitas, Pertumbuhan Penjualan dan Ukuran Perusahaan AFRE (Accounting and Financial Review) capital structure firm size pecking order theory profitabity sale growth |
| title | Identifikasi Struktur Modal Melalui Profitabilitas, Pertumbuhan Penjualan dan Ukuran Perusahaan |
| title_full | Identifikasi Struktur Modal Melalui Profitabilitas, Pertumbuhan Penjualan dan Ukuran Perusahaan |
| title_fullStr | Identifikasi Struktur Modal Melalui Profitabilitas, Pertumbuhan Penjualan dan Ukuran Perusahaan |
| title_full_unstemmed | Identifikasi Struktur Modal Melalui Profitabilitas, Pertumbuhan Penjualan dan Ukuran Perusahaan |
| title_short | Identifikasi Struktur Modal Melalui Profitabilitas, Pertumbuhan Penjualan dan Ukuran Perusahaan |
| title_sort | identifikasi struktur modal melalui profitabilitas pertumbuhan penjualan dan ukuran perusahaan |
| topic | capital structure firm size pecking order theory profitabity sale growth |
| url | https://jurnal.unmer.ac.id/index.php/afr/article/view/2246 |
| work_keys_str_mv | AT grahitachandrarin identifikasistrukturmodalmelaluiprofitabilitaspertumbuhanpenjualandanukuranperusahaan AT diyahsukanticahyaningsih identifikasistrukturmodalmelaluiprofitabilitaspertumbuhanpenjualandanukuranperusahaan |