Analysis of Factors Affecting Capital Structure on Listed Companies in Indonesia Stock Exchange 2017-2019 Period
Achieve the objectives of companies requires financial decisions that include capital structure. Capital structures in food and beverage companies are relatively low, so it doesn't necessarily make capital structures optimal. This research is conducted to examine factors that influence the cap...
Main Authors: | , |
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Format: | Article |
Language: | English |
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Bandung: Prodi Manajemen FE Universitas Langlangbuana
2021-08-01
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Series: | Almana: Jurnal Manajemen dan Bisnis |
Subjects: | |
Online Access: | http://journalfeb.unla.ac.id/index.php/almana/article/view/1546 |
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author | Della Ayu Sevira Muhammad Azhari |
author_facet | Della Ayu Sevira Muhammad Azhari |
author_sort | Della Ayu Sevira |
collection | DOAJ |
description |
Achieve the objectives of companies requires financial decisions that include capital structure. Capital structures in food and beverage companies are relatively low, so it doesn't necessarily make capital structures optimal. This research is conducted to examine factors that influence the capital structure of food and beverage companies listed on the Indonesia Stock Exchange in the 2017-2019 periods. The purpose of this research is to test both simultaneously and partially the influence of profitability, tangibility, firm size, sales growth, asset growth, business risk, firm activity, and liquidity on the capital structure. 14 of 26 companies have been selected as research samples from food and beverage companies listed in Indonesia Stock Exchange in 2017-2019, so 42 observations have been obtained. The method of analysis that using in this research is the multiple regressions analysis technique. This research shows that simultaneously profitability, tangibility, firm size, sales growth, asset growth, business risk, firm activity, and liquidity have a significant influence on the capital structure. The result of partial research shows that firm size and liquidity significantly influence the capital structure. Meanwhile, profitability, tangibility, sales growth, asset growth, business risk, and firm activity have no significant influence on the capital structure.
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first_indexed | 2024-03-09T07:47:47Z |
format | Article |
id | doaj.art-49600a1e4e6842ed8d7934392408311c |
institution | Directory Open Access Journal |
issn | 2579-4892 2655-8327 |
language | English |
last_indexed | 2024-03-09T07:47:47Z |
publishDate | 2021-08-01 |
publisher | Bandung: Prodi Manajemen FE Universitas Langlangbuana |
record_format | Article |
series | Almana: Jurnal Manajemen dan Bisnis |
spelling | doaj.art-49600a1e4e6842ed8d7934392408311c2023-12-03T02:39:20ZengBandung: Prodi Manajemen FE Universitas LanglangbuanaAlmana: Jurnal Manajemen dan Bisnis2579-48922655-83272021-08-015210.36555/almana.v5i2.1546Analysis of Factors Affecting Capital Structure on Listed Companies in Indonesia Stock Exchange 2017-2019 PeriodDella Ayu Sevira0Muhammad Azhari1Universitas Telkom, IndonesiaUniversitas Telkom, Indonesia Achieve the objectives of companies requires financial decisions that include capital structure. Capital structures in food and beverage companies are relatively low, so it doesn't necessarily make capital structures optimal. This research is conducted to examine factors that influence the capital structure of food and beverage companies listed on the Indonesia Stock Exchange in the 2017-2019 periods. The purpose of this research is to test both simultaneously and partially the influence of profitability, tangibility, firm size, sales growth, asset growth, business risk, firm activity, and liquidity on the capital structure. 14 of 26 companies have been selected as research samples from food and beverage companies listed in Indonesia Stock Exchange in 2017-2019, so 42 observations have been obtained. The method of analysis that using in this research is the multiple regressions analysis technique. This research shows that simultaneously profitability, tangibility, firm size, sales growth, asset growth, business risk, firm activity, and liquidity have a significant influence on the capital structure. The result of partial research shows that firm size and liquidity significantly influence the capital structure. Meanwhile, profitability, tangibility, sales growth, asset growth, business risk, and firm activity have no significant influence on the capital structure. http://journalfeb.unla.ac.id/index.php/almana/article/view/1546Asset GrowthBusiness RiskCapital StructureFirm ActivityFirm SizeLiquidity |
spellingShingle | Della Ayu Sevira Muhammad Azhari Analysis of Factors Affecting Capital Structure on Listed Companies in Indonesia Stock Exchange 2017-2019 Period Almana: Jurnal Manajemen dan Bisnis Asset Growth Business Risk Capital Structure Firm Activity Firm Size Liquidity |
title | Analysis of Factors Affecting Capital Structure on Listed Companies in Indonesia Stock Exchange 2017-2019 Period |
title_full | Analysis of Factors Affecting Capital Structure on Listed Companies in Indonesia Stock Exchange 2017-2019 Period |
title_fullStr | Analysis of Factors Affecting Capital Structure on Listed Companies in Indonesia Stock Exchange 2017-2019 Period |
title_full_unstemmed | Analysis of Factors Affecting Capital Structure on Listed Companies in Indonesia Stock Exchange 2017-2019 Period |
title_short | Analysis of Factors Affecting Capital Structure on Listed Companies in Indonesia Stock Exchange 2017-2019 Period |
title_sort | analysis of factors affecting capital structure on listed companies in indonesia stock exchange 2017 2019 period |
topic | Asset Growth Business Risk Capital Structure Firm Activity Firm Size Liquidity |
url | http://journalfeb.unla.ac.id/index.php/almana/article/view/1546 |
work_keys_str_mv | AT dellaayusevira analysisoffactorsaffectingcapitalstructureonlistedcompaniesinindonesiastockexchange20172019period AT muhammadazhari analysisoffactorsaffectingcapitalstructureonlistedcompaniesinindonesiastockexchange20172019period |