Daftar Isi:
  • Optimal capital structure is the capital structure that optimizes the balance between risk and return so as to maximize the stock price. The company should be able to take a policy whether to finance with debt or equity capital in order to create an optimal capital structure. The aims of this reseach al examining the influence of profitability, liquidity, sales growth and asset structure of capital structure in manufacturing companies listed on The Indonesia Stock Exchange period 2014-2016, so that obtained a sample of 140 companies. The method of selecting the sample using purposive sampling and analysis method using multiple linear regression analysis. The result of this research concludes that liquidity and asset structure have significant effect to capital structure. While profitability and sales growth have no significant effect to capital structure. Keywords: Capital Structure, Profitability, Liquidity, Sales Growth and Asset Structure.