Analisis Determinan Struktur Modal pada Perusahaan LQ45 di Bursa Efek Indonesia Periode 2014-2018

Abstract

Capital structure in LQ45 companies 2014-2018 period there are fluctuations that were contrary to the provisions of the optimal capital structure due to changes in the economy. Therefore, the purpose of this study obtain empirical evidence about this and find clarity about the effect of profitability, liquidity  and asset structure affecting the capital structure in LQ45 companies in the Indonesia Stock Exchange 2014-2018 period, both partially, simultaneously and dominantly. The sample research method used is purposive sampling and the analysis model used is multiple linear regression analysis. The results showed that partially liquidity  and asset structure had an affect on capital structure while profitability had no effect on capital structure. Simultaneously the results of the study indicate that the three variables have an impact on the capital structure and asset structure which has the most significant influence on capital structure. While the value of adjusted Adjusted R Square of this research that is 44.2% shows that the contribution of profitability, liquidity  and asset structure to capital structure is 44.2% and the rest 55.8% is influenced by other variables not included in this study.