Influence Of Company Size, Profitability And Liquidity On Capital Structure
Keywords:
company size, profitability, liquidity, capital structureAbstract
This study aims to determine the effect of company size, profitability and liquidity on capital structure. The independent variables used are company size, profitability and liquidity. The dependent variable used is capital structure.
The population in this study are property and real estate companies listed on the Indonesia Stock Exchange (IDX) in the 2017 – 2021 period. The method of determining the sample used as purposive sampling method with a sample of 35 companies during the observation period of 5 consecutive years so that the total sample was 175. The method of analysis of this study used multiple linear regression.
The results of this study indicate that company size, profitability and liquidity on capital structure, company size has no effect on capital structure, profitability has a significant positive effect on capital structure, liquidity has no effect on capital structure.
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References
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https://www.invesnesia.com/company-sector-properti-real-estate-construction-di-bei-2019
Dewi, D., & Sudiartha, G. (2017). Pengaruh Profitabilitas, Ukuran Perusahaan, Dan Pertumbuhan Aset Terhadap Struktur Modal Dan Nilai Perusahaan. E-Jurnal Manajemen Universitas Udayana, 6(4), 242635.
Dewi, M. A. P., & Candradewi, M. R. (2018). 38627-85-83673-1-10-20180725 (1). E-Jurnal Manajemen Unud, 7(8), 4385–4416.
Fakhrana, O. (2019). Pengaruh Profitabilitas, Likuiditas, Leverage, Kebijakan Dividen, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal Akuntansi, 9(1), 1–16. https://doi.org/10.33369/j.akuntansi.9.1.1-16
Guna, M. A., & Sampurno, R. D. (2018). Analisis Faktor-Faktor yang Mempengaruhi Struktur Modal (Studi Kasus Pada Perusahaan Makanan dan Minuman yang Terdaftar di BEI Periode 2012 – 2016). Diponegoro Journal Of Management, 7(2), 1–12.
Kartika, A., Irsad, M., Setiawan, M., & Sudiyatno, B. (2023). The relationship between capital structure, firm performance and a firm’s market competitiveness: Evidence from Indonesia. Investment Management and Financial Innovations, 20(1), 88–98. https://doi.org/10.21511/imfi.20(1).2023.09
Kartika, A., Sunarto, S., Rahman, F. R., & MacHmuddah, Z. (2020). Determinants of capital structure and their effect to company’s value: Study in LQ 45 companies listed in Indonesia stock exchange. Academic Journal of Interdisciplinary Studies, 9(3), 156–165. https://doi.org/10.36941/ajis-2020-0051
Komariah, N., & Nurulrahmatiah, N. (2020). Pengaruh Struktur Aktiva dan Likuiditas Terhadap Struktur Modal. Jurnal Akuntansi Dan Bisnis, 5(2), 112–122.
Nabila Putri, R. S. et al D., K. Astie, & Saraswati. (2021). PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN Nabila. Jurnal Ilmiah MEA, 5(1), 357–379.
Prastika, N. P. Y., & Candradewi, M. R. (2019). Pengaruh Profitabilitas, Struktur Aktiva, Dan Likuiditas Terhadap Struktur Modal Perusahaan Subsektor Konstruksi Bangunan Di Bei. E-Jurnal Manajemen Universitas Udayana, 8(7), 4444. https://doi.org/10.24843/ejmunud.2019.v08.i07.p16
Rico Andika, I. K., & Sedana, I. B. P. (2019). Pengaruh Profitabilitas, Struktur Aktiva, Dan Ukuran Perusahaan Terhadap Struktur Modal. E-Jurnal Manajemen Universitas Udayana, 8(9), 5803. https://doi.org/10.24843/ejmunud.2019.v08.i09.p22
Rozak, H. A., Adhiatma, A., Fachrunnisa, O., & Rahayu, T. (2023). Social Media Engagement, Organizational Agility and Digitalization Strategic Plan to Improve SMEs’ Performance. IEEE Transactions on Engineering Management, 70(11), 3766–3775. https://doi.org/10.1109/TEM.2021.3085977
Sinaga, A. N., Susanti, E., Yaputra, C., Veronica, V., & Lianto, V. (2020). Analisis Profitabilitas, Ukuran Perusahaan, Struktur Aset, Likuiditas, dan Risiko Bisnis terhadap Struktur Modal Perusahaan Manufaktur di Indonesia. Journal of Economic, Bussines and Accounting (COSTING), 3(2), 282–291. https://doi.org/10.31539/costing.v3i2.1064
Sudiyatno, B., Sudarsi, S., Hartoto, W. E., & Fitriati, I. R. (2023). Does capital structure moderate the impact of the investment opportunity set and institutional ownership on firm value? Investment Management and Financial Innovations, 20(2), 79–88. https://doi.org/10.21511/imfi.20(2).2023.07
Sumardi Z.A, S. R., & Zulpahmi. (2021). FINANCIAL AND TAX Vol. 1 No. 1 Edisi Maret 2021. 1(1), 33–46.
Thaib, I., & Dewantoro, A. (2017). Pengaruh Profitabilitas Dan Likuiditas Terhadap Nilai Perusahaan dengan Struktur Modal Sebagai Variabel Intervening. Jurnal Riset Perbankan Manajemen Dan Akuntansi, 1(1), 25–44.
Widati, L. W., Himmawan, A., Nugroho, D., & Sudiyatno, B. (2023). Factors Influencing Non-Performing Loans: An Empirical Study on Commercial Banks in Indonesia. Journal of Hunan University Natural Sciences, 50(2). https://doi.org/10.55463/issn.1674-2974.50.2.10
Yuniningsih, & Taufiq, M. (2019). MIX: Jurnal Ilmiah Manajemen, Volume 9, No. 2, Juni 2019. Ilmiah Manajemen, 9(2), 327–340.
