The Influence Of Profitability, Asset Tangibility, Firm Size, Liquidity, And Agency Conflict Toward Capital Structure On Food And Beverage Companies Listed In Indonesia Stock Exchange Period 2014-2017

This study is conducted in order to know whether profitability, asset tangibility Please do not firm size, liquidity, and agency conflict influence the capital structure. This study is also would compare result of the previous researchers within this research. Sample of this research is food and beverage companies that listed in Indonesia Stock Exchange for period 2014 – 2017 and publish its annual report which available to be accessed by public. Research method used in this paper is quantitative method. Purposive sampling is used as a sampling technique, where nine companies met the criteria and were analyzed using descriptive statistic and panel data regression with random effect model to test the hypotheses. Results of this study indicate that profitability, liquidity, and agency conflict influence the capital structure, while asset tangibility and firm size do not influence the capital structure.

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Pengaruh tangibility, profitability, liquidity, firm size dan non debt taxshield terhadap capital structure pada sektor pertanian

Jurnal Bisnis dan Akuntansi ◽

10.34208/jba.v19i1.71 ◽

2018 ◽

Vol 19 (1) ◽

pp. 129-135

Author(s):

DEDE BADRU TAMAM ◽

SATRIYO WIBOWO

Keyword(s):

Capital Structure ◽

Firm Size ◽

Stock Exchange ◽

Random Effect ◽

Random Effect Model ◽

Sampling Technique ◽

Tax Shield ◽

Agriculture Sector ◽

Effect Model ◽

Debt Tax Shield

The purpose of this research is to test and analyze empirically the influence of tangibility, profitability, liquidity, firm size and non-debt tax shield toward capital structure. The object of this research is agriculture sector companies that listed in Indonesia Stock Exchange period 2008-2014. The purposive sampling is used as sampling technique, where 14 companies met the criteria and were analyzed using eviews 8 panel data regressions with random effect model to test the hypothesis. The results of this research shows that liquidity and firm size influence capital structure, while profitability, tangibility and non-debt tax shield do not influence capital structure.

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The Influence of Financial Performance and Corporate Governance Mechanism on Capital Structure

Management Analysis Journal ◽

10.15294/maj.v7i4.23494 ◽

2018 ◽

Vol 7 (4) ◽

pp. 400-413

Author(s):

Emi Lusiana ◽

Ketut Sudarma

Keyword(s):

Data Analysis ◽

Capital Structure ◽

Firm Size ◽

Stock Exchange ◽

Random Effect ◽

Random Effect Model ◽

Institutional Ownership ◽

Governance Mechanism ◽

Board Size ◽

The Capital Structure

The research aims to determine whether asset structure, firm size, profitability, growth sales, board size, and institutional ownership on the capital structure. The population of this research are all mining and mining service companies listed in Indonesia Stock Exchange period 2012-2016. The sample are 27 companies, so the data observation as much as 135 data. The data analysis technique used was linier regression analysis with Random Effect Model approach. The result of data analysis showed that profitability and growth sales have significant affect on capital structure. Profitability have significant negative affect and growth sales have significant positive affect. The conclusion of this research showed that the capital structure on mining and mining service was influenced by profitability and growth sales, while asset structure, firm size, board size and institutional ownership did not have significant affect. The writer suggeststhat the company should improve profitability by increasing company’s sales and stable sales growth in order to reduce the company’s dependence on debt.

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Analisis Faktor-faktor yang Memengaruhi Struktur Modal pada Perusahaan Sektor Pertanian yang Terdaftar di Bursa Efek Indonesia

Jurnal Manajemen dan Organisasi ◽

10.29244/jmo.v9i2.26100 ◽

2019 ◽

Vol 9 (2) ◽

pp. 102-114

Author(s):

Irena Anggita ◽

Rindah F Suryawati

Keyword(s):

Capital Structure ◽

Firm Size ◽

Agricultural Sector ◽

Stock Exchange ◽

Sampling Technique ◽

Fixed Effect Model ◽

Purposive Sampling ◽

Effect Model ◽

Size Growth ◽

The Capital Structure

This study aims to analyze the effect of profitability, firm size, growth, liquidity, and asset structure on capital structure of companies listed in the Agricultural Sector in Indonesia Stock Exchange for the period of 2012 to 2016. The sample in this study totals 14 companies, obtained through purposive sampling technique. This research used fixed effect model that was processed in Eviews program. This study found that the variable of growth, liquidity, asset structure are known to have no effect on the capital structure of the company. Profitability and firm size are known to affect the capital structure where profitability affects negatively and firm size affects possitively.

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Analysis of Factors Affecting Capital Structure in Food and Beverage Manufacturing Company

International Journal on Advanced Science Education and Religion ◽

10.33648/ijoaser.v1i2.7 ◽

2018 ◽

Vol 1 (2) ◽

pp. 1-14

Author(s):

Nur Hajja Aini ◽

St Habibah

Keyword(s):

Capital Structure ◽

Firm Size ◽

Significant Influence ◽

Fixed Effects ◽

Random Effect Model ◽

Manufacturing Companies ◽

Business Risk ◽

Growth Opportunities ◽

Food And Beverage ◽

The Capital Structure

The purpose of this research to analyze the influence of firm size, liquidity, growth opportunities, tangibility asset, and business risk to the capital structure of listed food and beverage manufacturing companies in Indonesia and Vietnam Stock Exchange from 2010 to 2016. The result shows that the fixed effects model should be appropriate for this study as compared to the random effect model. Capital structure significantly differences between the two countries. Firm size has a positive but insignificant influence on the capital structure in Indonesia, whereas it has a positive and a significant influence on the capital structure in Vietnam. Liquidity has a negative and significant influence on the capital structure both in Indonesia and Vietnam. Growth opportunities have a negative but insignificant influence on the capital structure both in Indonesia and Vietnam. Asset tangibility has a positive but insignificant influence on the capital structure in Indonesia, but it has the negative but insignificant influence on the capital structure in Vietnam. Ultimately, the business risk has a negative and significant influence on the capital structure in Indonesia but has a positive and insignificant influence on the capital structure in Vietnam.

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Analisis Profitabilitas, Ukuran Perusahaan, Struktur Aset, Likuiditas, dan Risiko Bisnis terhadap Struktur Modal Perusahaan Manufaktur di Indonesia

Journal of Economic Bussines and Accounting (COSTING) ◽

10.31539/costing.v3i2.1064 ◽

2020 ◽

Vol 3 (2) ◽

pp. 282-291

Author(s):

Velda Lianto ◽

Annisa Nauli Sinaga ◽

Elvi Susanti ◽

Christina Yaputra ◽

Veronica Veronica

Keyword(s):

Capital Structure ◽

Firm Size ◽

Stock Exchange ◽

Sampling Technique ◽

Manufacturing Companies ◽

Business Risk ◽

Purposive Sampling ◽

The Capital Structure

Capital structure reflects the extent to which companies can manage existing capital to generate profits. The purpose of this research is to examine and analyze the influence of variables of profitability, firm size, asset structure, liquidity, and business risk on the capital structure in Manufacturing companies listed on the Indonesia Stock Exchange in the period of 2015 - 2018. The sampling technique uses purposive sampling by determining 3 criteria. From total of 155 companies, only 69 companies were sampled. The result of this research indicate that profitability has a positive and significant effect on capital structure, firm size has a positive and no significant effect on capital structure, asset structure has no effect and no significant on capital structure, liquidity and business risk have a negative and significant effect on capital structure in Manufacturing companies listed on the Indonesia Stock Exchange in the periode of 2015 - 2018. Keywords: Profitability, Firm Size, Asset Structure, Liquidity, Business Risk and Capital Structure

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Liquidity Ratio, Profitability, And Solvency On Stock Returns With Capital Structure As An Intervening Variable (Study On Food And Beverage Sub Sector Listed In Indonesia Stock Exchange (Idx) Period 2013-2017)

Ekspektra Jurnal Bisnis dan Manajemen ◽

10.25139/ekt.v3i1.1476 ◽

2019 ◽

Vol 3 (1) ◽

pp. 52

Author(s):

Agus Sucipto ◽

Nailul Chasanah

Keyword(s):

Capital Structure ◽

Stock Returns ◽

Negative Impact ◽

Stock Exchange ◽

Sampling Technique ◽

Partial Least Square ◽

Least Square ◽

Food And Beverage ◽

Negative Effect ◽

The Capital Structure

The stock market is a business field of securities trading one of them stock. For prospective investors, investment decisions in stock must be preceded by a process of analysis of variables which can influence the price of a stock. Investors need to have benchmarks in order to know whether if he invested in a company he would benefit if the shares are sold. Salaah one factor to be a benchmark investor is knowing the financial condition of the company where it can be seen with the financial ratio analysis and management of an optimal capital structure. This study aims to determine the effect of the ratio of liquidity, profitability, and solvency to return stock with a capital structure as an intervening variable.This study uses a quantitative approach. The research method using the method of documentation. Samples were company food and beverage sub-sectors listed in Indonesia Stock Exchange 2013-2017 period. The sampling technique used purposive sampling method with predetermined criteria obtained 11 samples of the company. This study uses data analysis Partial Least Square (PLS).These results indicate that liquidity ratios have a negative impact on stock returns, while the profitability and solvency ratios have no effect on stock returns. The results also show the liquidity ratio and solvency ratio has a negative effect on the capital structure, profitability ratios while not having capital structure. And capital structure has a negative impact on stock returns. The results also show the ratio of liquidity, profitability, and solvency partially no effect on stock returns with the capital structure as an intervening variable.

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Analisis Faktor yang Mempengaruhi Struktur Modal pada Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2013-2017

Jurnal Manajemen Bisnis dan Kewirausahaan ◽

10.24912/jmbk.v4i1.6793 ◽

2020 ◽

Vol 4 (1) ◽

pp. 24

Author(s):

Mariska Leviani Dan Indra Widjaja

Keyword(s):

Capital Structure ◽

Firm Size ◽

Stock Exchange ◽

Sampling Technique ◽

Sales Growth ◽

Manufacturing Companies ◽

Return On Assets ◽

Food And Beverage ◽

Negative Effect ◽

Equity Ratio

This research aimed to examine the effect of Liquidity (Current Ratio), Profitability (Return On Assets), Sales Growth, and Firm Size toward Capital Structure (Debt to Equity Ratio) on manufacturing companies sector food and beverages in Indonesia Stock Exchange for period 2013 - 2017. The sampling technique used was purposive sampling and the sample collected consisted of 14 companies. Analysis using SPSS program. Based on statistical t test, the result of research show that Liquidity had a significant, negative effect on Capital Structure. Meanwhile, Profitability, Sales Growth, and Firm Size did not affect Capital Structure. Based on statistical F test indicates that variables Liquidity, Profitability, Sales Growth, and Firm Size simultantly affect Capital Structure on manufacturing companies sector food and beverage listed in Indonesia Stock Exchange for period 2013 - 2017.

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PENGARUH KEPEMILIKAN INSTITUSIONAL, INTELLECTUAL CAPITAL, DAN LEVERAGE TERHADAP FINANCIAL DISTRESS

JAF- Journal of Accounting and Finance ◽

10.25124/jaf.v2i2.2125 ◽

2019 ◽

Vol 2 (2) ◽

pp. 27

Author(s):

Saskhia Irving Maest Purba

Keyword(s):

Intellectual Capital ◽

Financial Distress ◽

Stock Exchange ◽

Random Effect ◽

Random Effect Model ◽

Sampling Technique ◽

Institutional Ownership ◽

Effect Model ◽

Panel Data Regression ◽

Data Regression

The purpose of this study is to determine the influence of institutional ownership (KI), intellectual capital (IC) and Leverage (DER) to financial distress (Springate) financial distress condition. Independent variables in this study are institutional ownership (KI), intellectual capital (IC) and Leverage (DER) and financial distress (Springate) partially or simultaneously. Population in this study is Manufacture companies’s sector listed on Indonesia Stock Exchange in 2014-2017. The sampling technique was using purposive sampling, obtained 128 sample data and use Panel data regression analysis using software Eviews 10. Random effect model was chosen after 3 regression panel test. Simultaneously, all the independet variables have significant effect to dependent variable (financial distress). Partially intellectual capital (IC) have negative significant effect with to financial distress. Leverage (DER) have positive significant effect to financial distress. But institutional ownership (KI) have no significant effect to financial distress. Keyword: Financial distress, Institutional Ownership, Intellectual Capital, Leverage

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PEGARUH PROFITABILITAS, UKURAN PERUSAHAAN, PERTUMBUHAN PENJUALAN DAN STRUKTUR AKTIVA TERHADAP STRUKTUR MODAL

Media Ekonomi ◽

10.30595/medek.v16i2.1755 ◽

2016 ◽

Vol 16 (2) ◽

pp. 250

Author(s):

Vera Melia Suci ◽

Erny Rachmawati

Keyword(s):

Real Estate ◽

Capital Structure ◽

Positive Affect ◽

Firm Size ◽

Stock Exchange ◽

Sampling Technique ◽

Observation Time ◽

Sales Growth ◽

Negative Effect ◽

The Capital Structure

This study is to analize the effects of profitability, firm size, sales growth, and assets structure to the capital structure among property and real estate companies listed in the Indonesian Stock Exchange in the period of 2011-2014. The sample were selected based on purposive sampling technique. To the total number of 43 different companies with a fouryear observation time, so the samples would be 172 observations. The study used a secundary data in the for of financial site Indonesian Stock Market (BEI), such as www.idx.co.id.The result of the research showed that profitability does not affect to the capital structure, The firm size has a positive affect to the capital struture. The last two variables growth sales and assets structure have any negative effect to the capital structure. Keyword: capital strucrure, profitability, firm size, sales growth, assets structure.

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