标题:The Effect Profitability, Liquidity, Asset Structure and Size of The Company on The Capital Structure With The Business Risk as A Control Variable. (Manufacturing Companies Listed in Indonesia Stock Exchange Period 2011- 2014)
出版社:The International Institute for Science, Technology and Education (IISTE)
摘要:Financing decisions are influenced by capital structure. The capital structure is important to the company because it has the effect to the company's financial position, and the managers in a company should be able to know what factors affect the capital structure, it is intended that the company can maximize shareholder wealth. The aim of this study is to determine the effect profitability, liquidity, asset structure and size of the company on the capital structure with the business risk as a control variable . Location of the study is manufacturing companies listed in Indonesia Stock Exchange period 2011- 2014. The method of sample selection in this study is purposive sampling method or sample selection by certain criteria. The analysis technique used is multiple linear regressions. The results Showed that that simultaneous independent variables are profitability, liquidity, asset structure, company size, business risks simultaneously affect the capital structure. Only variable Liquidity (CR) which is a significant negative effect on the Debt Equity Ratio (DER) on manufacturing companies listed in Indonesia Stock Exchange during the period 2011-2014 .
其他摘要:Financing decisions are influenced by capital structure. The capital structure is important to the company because it has the effect to the company's financial position, and the managers in a company should be able to know what factors affect the capital structure, it is intended that the company can maximize shareholder wealth. The aim of this study is to determine the effect profitability, liquidity, asset structure and size of the company on the capital structure with the business risk as a control variable . Location of the study is manufacturing companies listed in Indonesia Stock Exchange period 2011- 2014. The method of sample selection in this study is purposive sampling method or sample selection by certain criteria. The analysis technique used is multiple linear regressions. The results Showed that that simultaneous independent variables are profitability, liquidity, asset structure, company size, business risks simultaneously affect the capital structure. Only variable Liquidity (CR) which is a significant negative effect on the Debt Equity Ratio (DER) on manufacturing companies listed in Indonesia Stock Exchange during the period 2011-2014 . Keywords : Debt Equity Ratio (DER), profitability, liquidity, asset structure and size of the company
关键词:Debt Equity Ratio (DER); profitability; liquidity; asset structure and size of the company