ANALISIS PENGARUH CURRENT RATIO, RETURN ON ASSET, TOTAL ASSETS TURNOVER DAN FIRM SIZE TERHADAP STRUKTUR MODAL

(Studi Empiris Pada Perusahaan Yang Tergabung Dalam Indeks LQ 45 di BEI Periode 2013-2017)

Abstract

The need for capital is very important in building and ensuring the continuity of the company in addition to other supporting factors. Capital is needed by every company, especially if the company will expand. Therefore, the company must determine how much capital is needed to fulfill or finance its business. This study aims to analyze the effect of the current ratio, return on assets, total assets turnover and company size on the capital structure of companies incorporated in the LQ 45 index on the Indonesia Stock Exchange for the period 2013-2017. The sampling technique using purposive sampling method and based on predetermined criteria has been obtained a sample of 18 companies incorporated in the LQ 45 index of a total population of 45 companies. The analytical tool used in this study is multiple linear regression assisted by the SPSS versi 20. The results of this study indicate that the current ratio variable, return on assets, total assets turnover have a significant negative effect on capital structure, while firm size does not affect the capital structure.