ANALISIS STRUKTUR MODAL DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN YANG TERGABUNG DALAM LQ-45 BURSA EFEK INDONESIA (BEI)
Nurjanti Takarini & Leni Dewi Safitri
Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional “Veteran” Jawa Timur
Abstract
Competition in the economy is getting tougher. Companies as one of the entities that carry out economic principles must be able to survive in competition so that they can survive, generate profits and maintain the value of the company and one of them is a company incorporated in LQ - 45, an example of how to develop a good company shares are smooth and always pay attention to developments. The purpose of this study is to analyze Profitability, Asset Structure, Company Growth, by being moderated by Company Size to Capital Structure. The sample used was 36 companies incorporated into the LQ - 45 IDX. There are 5 variables used, namely Capital Structure as the dependent variable, then Profitability, Asset Structure, and Company Growth as Independent variables, then Company Size as a Moderating variable. The analytical tool used is multiple linear regression analysis. Sampling in this study was carried out by purposive sampling technique. The results showed that the profitability variable contributed significantly negatively, the asset structure contributed negatively significantly, and the companys growth contributed positively insignificantly, then the size of the company could strengthen the contribution of profitability, asset structure and company growth to the capital structure of companies incorporated in the LQ - 45 IDX. while simultaneously all independent variables (profitability, asset structure, and company growth) and moderating variables (company size) contribute to the capital structure.
Keywords: Capital Structure, Profitability, Asset Structure, Company Growth, Company Size
Topic: Manajemen Keuangan