This study intends to examine and analyze the effect of asset structure, profitability, and firm size on the capital structure of large trading companies (production goods and consumer goods) listed on the Indonesia Stock Exchange in 2014 -2017. The research approach used is a quantitative research and the research's type used is descriptive research. The population used in this study is the large trading companies (manufactured goods and consumer goods) listed on the Indonesia Stock Exchange in 2014 -2017 as many as 37 companies and obtained a sample of 15 companies multiplied by 4 years of the research period using the purposive sampling method. The coefficient of determination in this study was 32.4%, the remaining 67.6% was explained by other variables outside the study. The results of the study are based on multiple linear regression models and hypothesis testing using the f test and t-test. Asset structure and company size have a positive and significant effect on the capital structure while profitability has a negative and significant effect on the capital structure on large trading companies (manufactured goods and consumer goods) listed on the Indonesia Stock Exchange in 2014-2017 . ABSTRAKPenelitian dilakukan untuk menganalisis dan menguji seberapa berpengaruhnya variabel bebas terhadap variabel terikat yaitu struktur aktiva, profitabilitas, dan ukuran perusahaan terhadap struktur modal dari perusahaan perdagangan besar (barang produksi dan barang konsumsi) yang terdaftar di BEI untuk periode tahun 2014 -2017 yang merupakan populasi penelitian yang berjumlah sebanyak 37 perusahaan. Sehubungan dengan luasnya populasi penelitian, maka diambil sampel penelitian sejumlah 15 perusahaan dikali dengan 4 tahun periode penelitian yang disortir dengan metode penentuan sampling yang kriterianya ditentukan sendiri oleh peneliti, guna mencapai hasil uji yang diinginkan. Penelitian diuji dengan menggunakan analisis regresi linear. Adapun dari hasil yang telah diteiliti diperoleh nilai koefisien determinasi sebesar 32,4% yang menjelaskan berapa persen pengaruh atau penjelasan terhadap variable terikat dari variable bebas. Dimana sisa 67,6% menunjukkan persen pengaruh atau penjelasan atas variabel terikat akan dipengaruhi atau dideskripsikan oleh variabel lainnya. Hasil uji hipotesisnya adalah struktur aktiva dan ukuran perusahaan berpengaruh positif terhadap struktur modal sedangkan profitabilitas berpengaruh negatif terhadap struktur modal pada perusahaan perdagangan besar (barang produksi dan barang konsumsi) yang terdaftar di Bursa Efek Indonesia tahun 2014 -2017.

This research aimed to analyze the effect of profitability and capital structure on price book value with dividend payout ratio as a moderating variable in the goods industry consumption listed on the Indonesia Stock Exchange for the period of 2017-2020. The population in this research were 51 Consumer Goods Industries listed on the Indonesia Stock Exchange for the period of 2017-2020. The sample of this research amounted to 60 financial reports from 15 Consumer Goods Industries listed on the Indonesia Stock Exchange for the period of 2017-2020. The data analysis tool used Partial Least Square (PLS). The results of the analysis showed that profitability (return on equity) had an effect on Price Book Value in the Consumer Goods Industry listed on the Indonesia Stock Exchange for the period of 2017-2020. Capital structure affected the Price Book Value of the Consumer Goods Industry listed on the Indonesia Stock Exchange for the period of 2017-2020. Dividend Payout Ratio had no effect on Price Book Value in the Consumer Goods Industry listed on the Indonesia Stock Exchange the period of 2017-2020. Dividend Payout Ratio did not moderate the effect of profitability (return on assets) on Price Book Value in the Consumer Goods Industry listed on the Indonesia Stock Exchange the period of 2017-2020. Dividend Payout Ratio moderated the effect of profitability (return on equity) on Price Book Value in the Consumer Goods Industry listed on the Indonesia Stock Exchange the period of 2017-2020. Dividend Payout Ratio did not moderate the effect of capital structure on Price Book Value in the Consumer Goods Industry listed on the Indonesia Stock Exchange the period of 2017-2020.