scholarly journals FACTORS AFFECTING CAPITAL STRUCTURE ON REGIONAL COMPANY OF BKK RURAL BANKS IN SUKOHARJO REGENCY

2017 ◽  
Vol 1 (01) ◽  
Author(s):  
Hadi Samanto
Keyword(s):  
Growth Rate ◽  
Capital Structure ◽  
Coefficient Of Determination ◽  
Factors Affecting ◽  
Capital Growth ◽  
Negative Effect ◽  
Asset Growth ◽  
Additional Current ◽  
Sales Increase ◽  
The Capital Structure

The analysis result shows that sales positively affect the capital structure, it means that more sales increase is financed by debt. The asset structure does not positively affect the capital structure, it means that additional current assets are more financed from debt.Profitability has no negative effect on capital structure, it means that profits earned by the company can be partially replanted into the company to increase their own capital. Growth does not negatively affect the capital structure, it means a declining growth rate from year to year due to limited own capital, so asset growth is still financed by debt.Based on the F tests, it shows the sales, asset structure, profitability, growth affects the capital structure simultaneously. Coefficient of determination R², Adjusted R Square value is obtained which shows sales, asset structure, profitability, and growth can explain the structure of capital, the remainder is explained by the residual variable or outside of this study. Keywords: sales, asset structure, profitability, growth, and regression linear multiple.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

2016 ◽  
Vol 1 (2) ◽  
Author(s):  
Antoni Anton Toni
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Factors Affecting ◽  
Sample Data ◽  
Negative Effect ◽  
Asset Growth ◽  
The Capital Structure

<pre><strong><em>Abstract</em></strong></pre><p><em>The purpose of this research is to determine the factors affecting the capital structure of the company manufacturing them are effects aspect of liquidity, profitability and growth of the company, the size of the assets listed on the Indonesia stock exchange in the period 2010-2014. Methods of analysis used was multiple linear regression analysis of the denganjumlah sample data 90. The results showed, liquidity (CR) negative effect on capital structure, profitability (ROA) and significant negative effect against the capital structure of the company, the size of the enterprise and a significant positive effect on the company's capital structure of the company, and the growth of assets does not significantly affect the company's capital structure. The implications of the research can be concluded that the decrease in the capital structure of the company can be affected by the liquidity and profitability of companies. Further consideration should be long term investors in selecting the Issuers to invest, so the investment risk can be reduced and investment gains will accrue more maximum</em></p><pre><strong><em> </em></strong></pre><pre><em>Keywords: Capital Structure, aspects of liquidity, profitability, firm size and asset growth</em></pre><p><strong><em> </em></strong></p><p><strong><em>Abstrak</em></strong></p><p><em>Tujuan dari penelitian ini adalah untuk menentukan factor-faktor yang mempengaruhi struktur modal perusahaan manufaktur diantaranya efek aspek likuiditas, profitabilitas, ukuran perusahaan dan pertumbuhan aset yang terdaftar di Bursa saham Indonesia dalam periode 2010-2014. Metode analisis yang digunakan adalah analisis regresi linier berganda denganjumlah data sampel 90. Hasil penelitian menunjukkan, likuiditas (CR) efek negatif pada struktur permodalan, profitabilitas (ROA) dan efek negatif signifikan terhadap struktur modal perusahaan, ukuran perusahaan dan efek positif yang signifikan pada struktur modal perusahaan perusahaan, dan pertumbuhan aset tidak signifikan mempengaruhi struktur permodalan perusahaan. Implikasi penelitian dapat disimpulkan bahwa penurunan struktur permodalan perusahaan dapat dipengaruhi oleh likuiditas dan profitabilitas perusahaan perusahaan. Selanjutnya investor harus pertimbangan jangka panjang dalam memilih Emiten untuk berinvestasi, sehingga risiko investasi dapat dikurangi dan keuntungan investasi akan diperoleh lebih maksimal.</em></p><p><em><br />Kata kunci: Struktur Modal, aspek likuiditas, profitabilitas, ukuran perusahaan dan pertumbuhan aset</em></p>

scholarly journals Analisis Profitabilitas, Struktur Aset, Dan Pertumbuhan Aset Terhadap Struktur Modal Yang Dimoderasi Likuiditas

2020 ◽  
Vol 3 (1) ◽  
pp. 16
Author(s):  
Ade Ningrum Mulyasari ◽  
Subowo Subowo
Keyword(s):  
Statistical Analysis ◽  
Capital Structure ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Negative Influence ◽  
Units Of Analysis ◽  
Negative Effect ◽  
Study Population ◽  
Asset Growth ◽  
The Capital Structure

This study aims to analyze the effect of profitability, asset structure, and asset growth on capital structure with liquidity as moderation. The study population is non-financial companies in the LQ45 index listed on the Indonesia Stock Exchange (IDX) in 2015-2017. The sampling technique is purposive sampling. The study sample are 27 companies for 3 years resulting in 81 units of analysis. The data analysis method used is descriptive statistical analysis and inferential statistical analysis using moderation regression analysis (MRA). The results showed that profitability and asset growth were positive and significant for the capital structure, the asset structure had a significant negative effect on the capital structure. Liquidity also moderates the negative influence of profitability on the capital structure. Liquidity is not able to moderate the influence of asset structure and asset growth on capital structure.

scholarly journals Analysis of Factors Affecting Capital Structures in Companies Listed in Indonesia Stock Exchange Period 2010-2014

2021 ◽  
Vol 9 (2) ◽  
pp. 135-142
Author(s):  
Eva Hardianti
Keyword(s):  
Capital Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Sample Selection ◽  
Secondary Data ◽  
Coefficient Of Determination ◽  
Company Size ◽  
Sales Growth ◽  
Factors Affecting ◽  
The Capital Structure

This research aims to analyze the factors that affect the capital structure of companies listed on the Indonesia Stock Exchange in the period 2010-2014. The variables studied were profitability, sales growth, asset structure and company size. This research is a comparative causal study. The data used is secondary data obtained from the site www.idx.co.id.The population in this study are all companies listed on the Indonesia Stock Exchange in the period 2010-2014. The sample selection is done by using purposive sampling method, so that as much as 1089 observational data are obtained. Analysis of the data used is multiple regression analysis. The results of this study indicate that the variable profitability, asset structure and firm size significantly influence the capital structure. The magnitude of the coefficient of determination (Adjusted R Square) is equal to 0.104. This means that 10.4% of the dependent variable that is capital structure can be explained by four independent variables namely profitability, sales growth, asset structure and company size. While the remaining 89.6% is explained by variables or other causes outside the model.

scholarly journals PENGARUH PROFITABILITAS, LEVERAGE OPERASI DAN TINGKAT PERTUMBUHAN PERUSAHAAN TERHADAP STRUKTUR MODAL PADA INDUSTRI MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA.

2017 ◽  
pp. 23-38
Author(s):  
Metro Gultom ◽  
Donalson Silalahi
Keyword(s):  
Growth Rate ◽  
Capital Structure ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Secondary Data ◽  
Corporate Growth ◽  
Negative Effect ◽  
Operating Leverage ◽  
Company Growth ◽  
The Capital Structure

The purpose of this study that analyze the influence of Profitability, Leverage Operations and Growth Rate on Industrial Manufacturing Company listed on the Indonesia Stock Exchange. The data used in this research is secondary data obtained from the Indonesia Stock Exchange. The method used in this study is multiple regression. From the results of the analysis indicate that the Profitability, Leverage Operations and Corporate Growth Rate simultaneously have a significant impact on capital structure, while partial profitability and significant negative effect on the Capital Structure, while Operating Leverage and no significant positive effect on capital structure, while the Company Growth positive and significant effect on the Capital Structure in Manufacturing Industry listed in Indonesia Stock Exchange. Variable Profitability, Leverage Operations and Corporate Growth rate can explain the variation in capital structure policy in Manufacturing Industry in Indonesia Stock Exchange amounted to 75.6 percent.

scholarly journals DETERMINAN STRUKTUR MODAL PERBANKAN SYARIAH ASIA DAN EROPA

2021 ◽  
Vol 21 (1) ◽  
pp. 51
Author(s):  
Rifqi Muhammad ◽  
Risca Azmiana
Keyword(s):  
Capital Structure ◽  
Banking Industry ◽  
Panel Data Analysis ◽  
Sampling Technique ◽  
Profit Sharing ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Factors Affecting ◽  
Negative Effect ◽  
The Capital Structure

<p><em>Capital structure is an important component in building a strong business entity. The banking industry is a commercial entity that requires a strong capital structure management to ensure its business continuity. Moreover, the Islamic banking business model prioritizes the strength of the equity structure over debt. Islamic banking manages temporary syirkah funds as a form of investment for customers with the hope of obtaining optimal profit sharing. Therefore, this study examines the factors that have the potential to influence the capital structure of the Islamic banking industry. These factors include: company size, profitability, growth, and asset structure. This study used a purposive sampling technique using 24 samples of Islamic banks in Asia and Europe with certain criterias. This study conducted tests with panel data analysis and statistical applications to measure the influence of factors affecting the capital structure of Islamic banks in Asia and Europe. Finally, this study finds that asset structure has no effect on capital structure and profitability has a positive effect on capital structure. Meanwhile, firm size and growth variables have a negative effect on capital structure.</em></p>

scholarly journals Analysis of Factors Affecting Capital Structure (Study of Food and Beverage Companies listed on the Indonesia Stock Exchange 2017-2019 Period)

2020 ◽  
Vol 4 (4) ◽  
Author(s):  
Rina Silvia ◽  
Yonas Meti
Keyword(s):  
Data Analysis ◽  
Capital Structure ◽  
Stock Exchange ◽  
Structure Study ◽  
Sales Growth ◽  
Factors Affecting ◽  
Food And Beverage ◽  
Negative Effect ◽  
Asset Growth ◽  
Positive Effect

This study aims to determine the factors that influence the capital structure of food and beverage companies (a study of food and beverage companies listed on the Indonesia Stock Exchange). The variables used in this study are sales growth, liquidity, asset growth and capital structure. The population of this study were all food and beverage companies listed on the Indonesia Stock Exchange for the 2017-2019 period, totaling 29 companies. The sample was selected by means of a purposive sampling method. There were 20 companies that met the criteria as research samples so that the research data amounted to 60. The data analysis techniques used were descriptive statistical analysis, classical assumption test, and multiple linear regression. Based on the results of data analysis, it is concluded that Sales Growth has no positive effect on capital structure. Liquidity has a negative effect on capital structure. Asset growth has no positive effect on capital structure.

Financial Leverage and its Determinants: Evidence from Indian Cement Industry

2015 ◽  
Vol 7 (1) ◽  
Author(s):  
Anupam De ◽  
Arindam Banerjee
Keyword(s):  
Growth Rate ◽  
Capital Structure ◽  
Firm Growth ◽  
Stock Exchange ◽  
Debt Service ◽  
Cement Industry ◽  
Business Risk ◽  
Service Capacity ◽  
Independent Variables ◽  
The Capital Structure

In this study an attempt has been made to examine the determinants of capital structure in companies belonging to the Cement Industry of India. The companies listed in the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) has been used for the study. The study has been conducted for the period from 1999-2000 to 2010-2011. To study the influence of various independent variables on the capital structure, Multiple Regression Analysis has been carried out taking the ratio of average total debt to average total assets as dependent variable and seven variables, which might have some impact on the capital structure, as independent variables. These seven variables are namely business risk, size of the firm, growth rate, debt service capacity, degree of operating leverage, dividend payout, and earning rate. It is observed from the study that size of the firm, debt service capacity, business risk and growth rate are statistically significant to have an influence in taking capital structure related decisions and considered as determinants of capital structure of the listed companies belonging to the Indian Cement

scholarly journals Pengaruh Profitabilitas, Tingkat Pertumbuhan Aktiva, Leverage Operasi, Stabilitas Penjualan terhadap Struktur Modal dan Nilai Perusahaan

IQTISHODUNA ◽  
2020 ◽  
Vol 16 (1) ◽  
pp. 17-38
Author(s):  
Kety Lulu Agustin ◽  
Ubud Salim ◽  
Andarwati Andarwati
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Partial Least Square ◽  
Least Square ◽  
Manufacturing Companies ◽  
Company Value ◽  
Asset Growth ◽  
Operating Leverage ◽  
The Capital Structure

The purpose of this research is to determine the effect of profitability, asset growth, operating leverage and sales stability on the capital structure and firm value. The company value in this study was published with Tobin Q. The population of this study were all manufacturing companies reported on the Indonesia Stock Exchange for the period 2015-2017. In accordance with the selection criteria, there are 46 filtered sample companies. The analysis technique that used is Partial Least Square (PLS).  The results of hypothesis indicate profitability and sales that are significant to the capital structure while increasing performance and leverage of operations do not have a significant effect on capital structure. Profitability, asset growth, sales stability have a significant effect on firm value while operating leverage does not involve significance to firm value. Profitability and influence of sales have a significant effect on firm value through capital structure, while yield growth and operating leverage are opposite.

scholarly journals The Influence of Capital Structure, Asset Growth, and Total Asset Turnover Against Return on Equity in Construction and Building Companies Listed in Bei 2016-2019

2021 ◽  
Vol 20 (3) ◽  
pp. 130-136
Author(s):  
Ayu Wulandari Narhendra
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Regression Coefficient ◽  
Total Asset ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Sample Technique ◽  
Asset Turnover ◽  
Asset Growth ◽  
The Capital Structure

This study aims to determine the effect simultaneously and partially of capital structure, asset growth and TATO on Return on Equity.Data analysis used multiple linier regression analysis with SPSS application. Population in this research is the company of construction and building listed on BEI from 2016-2019.  The research sample technique used purposive sampling with the results of 9 companies and 36 samples. The results showed partially, the regression coefficient value of the capital structure was 2.515 with a significance value of 0.017, so the capital structure had a significant effect on Return on Equity. And the TATO regression coefficientvalue is 3,479 with a significance value of 0.001. Then TATO has a significant effect on Return on Equity, while the regression coefficient value of Asset Growth is -0.459 with a significance value of 0.649. SoAsset Growth has no significant effect on Return on Equity. For the research results simultaneously the significance value is 0.008, which means that Capital Structure, Asset Growth and TATO have an influence on Return on Equity.  

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