Institutional Repository | Satya Wacana Christian University: Pengaruh Karakteristik Perusahaan Terhadap Struktur Modal Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia

ABSTRAK

This study aims to determine the factors that affect the capital structure of
the manufacturing companies listed on the Indonesia Stock Exchange (IDX). This
research is used to examine the effect of variable growth opportunity,
profitability, liquidity, operating leverage, asset structure, firm age, firm size and
capital structure.
The samples in this research are 76 manufacturing companies which listed
on the Indonesian Stock Exchange (IDX) in 2010-2011. The method is using
purposive sampling, observational data taken for 2 years from 2010-2011, in
order to obtain 152 data. Analysis model that used is multiple linear regression
models.
The result that DOL influences negative significant to the capital
structure, and GROW, CR, STA and AGE influences positive significant to the
capital structure of go public manufacturing companies in the Indonesian Stock
Exchange. While the result of partial test for NPM and SIZE showed that partially
they didn’t influence significantly to the capital structure.

Keywords : Capital Structure, Growth Opportunity (GROW), Profitability (NPM),
Liquidity (CR), Operating Leverage (DOL), Asset Structure (STA), Firm Age
(AGE) and Firm Size (SIZE).