PENGARUH PERTUMBUHAN ASET, PERTUMBUHAN PERUSAHAAN, LIKUIDITAS, DAN STRUKTUR ASET TERHADAP STRUKTUR MODAL

(Studi Empiris Pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang Terdaftar pada Bursa Efek Indonesia Periode 2012-2016)

Abstract

Capital Structure is a permanent funding consisting of long-term debt, preferred stock, and shareholder capital. Companies in determining the capital structure need to consider and pay attention to several variables that can directly influence the decision of capital structure will affect the condition and value of the company and determine the company's ability to stay afloat and develop. The purpose of this study is to know empirically influence Asset growth, Sales Growth, Liquidity, and Structure of assets to capital structure. This research was conducted at food and beverage sub-sector manufacturing company listed in Indonesian Stock Exchange period 2012-2015. The sample selection was done by purposive sampling, the number of samples used were 10 companies from the population of 16 companies. Data analysis technique in this research is multiple linear regression through SPSS program version 20.0. The results of this study show partially obtained results that asset growth, sales growth and asset structure does not affect the capital structure, Liquidity has a negative and significant effect on capital structure.