Pengaruh Likuiditas, Risiko Bisnis, Ukuran Perusahaan dan Kebijakan Dividen Terhadap Struktur Modal (Studi Empiris Pada Perusahaan Manufaktur Sub Sektor Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2013-2017

Abstract

This study aims to examine the effect of liquidity, business risk, company size, and dividend policy on the capital structure. The research sample consisted of 22 manufacturing companies, using the side pusposive sampling method. The analysis technique used in this study is multiple linear regression analysis. The results of the analysis show that the liquidity variable has a significant negative effect on the capital structure, the size of the company has a significant positive effect on the capital structure. Nevertheless business risk variables and dividend policies have no significant effect on capital structure.