Penelitian ini bertujuan untuk memberikan bukti empiris mengenai peran profitabilitas, ukuran perusahaan serta pertumbuhan perusahaan dalam menjelaskan variabilitas struktur modal. Pengambilan sampel penelitian menggunakan metode purposive sampling. Sampel penelitian yang memenuhi kriteria berjumlah 34 perusahaan sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia periode 2015-2018. Variabel independen terdiri dari profitabilitas, ukuran perusahaan serta pertumbuhan perusahaan. Dalam penelitian ini, pengujian hipotesis dilakukan dengan menggunakan regresi linear yang diolah melalui software SPSS. Nilai koefisien determinasi sebesar 98,58% artinya variabilitas struktur modal dipengaruhi oleh variabel profitabilitas, ukuran perusahaan dan pertumbuhan perusahaan. Berdasarkan hasil analisis regresi linier dengan tingkat signifikansi 5%, hasil penelitian memberikan bukti bahwa terdapat hubungan negatif dan signifikan antara profitabilitas dengan struktur modal serta terdapat hubungan positif dan signifikam antara pertumbuhan perusahaan dengan struktur modal. Penelitian ini juga memberikan bukti bahwa ukuran perusahaan tidak memiliki peran sebagai determinan struktur modal. Kata kunci: pertumbuhan; profitabilitas; struktur modal; ukuran ABSTRACT. This study aims to provide empirical evidence regarding the role of profitability, firm size and firm growth in explaining the variability of capital structure. The research sample was taken using purposive sampling method. The research sample that met the criteria was 34 companies in the consumer goods industry which were listed on the Indonesia Stock Exchange for the 2015-2018 period. The independent variables consist of profitability, company size and company growth. In this study, hypothesis testing was carried out using linear regression processed through SPSS software. The coefficient of determination is 98.58%, meaning that the variability of the capital structure is influenced by the variables of profitability, company size and company growth. Based on the results of linear regression analysis with a significance level of 5%, the results provide evidence that there is a negative and significant relationship between profitability and capital structure and there is a positive and significant relationship between company growth and capital structure. This study also provides evidence that firm size has no role as a determinant of capital structure.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.