FAKTOR – FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study aimed to analyze the effect of business risk, profitability, asset structure, size and level of liquidity of the Company's Capital Structure Manufacturing Company listed on the Indonesia Stock Exchange in the year 2007 to 2011. The population used in this study is a manufacturing company listed on the Indonesia Stock Exchange (IDX) during the years 2007 to 2011. The sampling method used was purposive sampling, a total of 375 samples per year as the company. Data analysis using multiple linear regression starting with normality test data, test assumptions comprising classical multicollinearity test, test and test heterokadasitas autocorrelation. Further testing of the power of the model by using the coefficient of determination and F test Hypothesis testing using t-test with 5% sifnifikansi with negligent. The test results showed that the variables Business Risk, Profitability, Asset Structure, Corporate Size and Liquidity The significant negative effect on capital structure.

Keywords: Business Risk, profitability, asset structure, company size, level of liquidity and capital structure.