PENGARUH PROFITABILITAS, LIKUIDITAS, STRUKTUR AKTIVA DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN PROPERTI DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2012-2016
Daftar Isi:
- The purpose of this study is to analyze the effect of profitability, liquidity, asset structure and firm size on capital structure in property and real estate companies listed in Indonesia Stock Exchange (IDX) period 2012-2016. The sampling technique using purposive sampling. Obtained a number of samples of 41 companies listed on the Indonesia Stock Exchange (IDX). The data analysis technique used in this research is panel data regression. The results of this study indicate that partially profitability has a negative and significant effect on capital structure as measured by DER or DAR, liquidity has a negative and significant effect on capital structure as measured by DER or DAR, asset structure has negative and significant influence to capital structure as measured by DER or DAR, firm size has negative and significant effect on capital structure as measured by DER and negatively and insignificant effect on capital structure as measured by DAR. This research uses supporting theory for capital structure variables, namely pecking order theory, trade off theory. Modigliani and miller approach theory and signalling theory.