The Effect of Asset Structure, Profitability and Liquidity on the Capital Structure of the Manufacturing Industry Sector

Nanan Sunandar, Erna Sugiarti

Abstract


The motivation behind this research is to find out the variables that affect capital structure, and this examination is a quantitative report using optional information handled through various methods of multiple linear regression investigation using SPSS26. Asset structure (X1), profitability (X2), and liquidity (X3) are independent research variables, while capital structure (Y) is the research dependent variable. Comparison of Asset Structure, Return On Assets (ROA), Current Ratio (CR), and Debt To Equity Ratio (DER) as measuring tools. The participants in this study were food and beverage companies listed on the Indonesia Stock Exchange in 2019 – 2021, while the sample this study consisted of 15 food and beverage companies listed on the Indonesia Stock Exchange in 2019 - 2021. Purposive sampling was used to take samples, this study found that partially asset structure and profitability have a negative impact on capital structure, while liquidity has a positive impact on capital structure. Then if simultaneously asset structure, profitability, and liquidity have a positive effect on capital structure.


Keywords


Asset structure; profitability; liquidity

Full Text:

PDF

References


. D., & Sandra, R. N. (2021). Pengaruh Profitabilitas, Likuiditas, Dan Ukuran Perusahaan Terhadap Struktur Modal. Jurnal Akuntansi, 93-106.

Arif, S. (2019). Influence of Leadership, Organizational Culture, Work Motivation, and Job Satisfaction of Performance Principles of Senior High School in Medan City. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). P. 239-254

Gunadhi, G. B., & Putra, I. P. (2019). Pengaruh Profitabilitas, Struktur Aset, Likuiditas, Dan Pertumbuhan Penjualan Terhadap Struktur Modal Perusahaan Makanan Dan Minuman. E-Jurnal Akuntansi, 641-668.

Kurniawan , A. T., & Widianto, T. (2020). Faktor-Faktor Yang Mempengaruhi Struktur Modal Pada Perusahaan Food And Beverage. Jurnal Of Accounting, 26-10.

Milansari, R., & Masitoh, E. (2020). Faktor-Faktor Yang Mempengaruhi Struktur Modal Pada Perusahaan Makanan Dan Minuman Di BEI. Akuntansi Dan Keuangan Indonesia, 31-46.

Nabayu, Y. P., & N. M. (2020). Pengaruh Profitabilitas, Struktur Aktiva, Dan Likuiditas Terhadap Struktur Modal Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Pada Tahun 2014-2017. Paradigma Ekonomika, 147-162.

Niati, D. R., Siregar, Z. M. E., & Prayoga, Y. (2021). The Effect of Training on Work Performance and Career Development: The Role of Motivation as Intervening Variable. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 4(2), 2385–2393. https://doi.org/10.33258/birci.v4i2.1940

Niati, D. R., Siregar, Z. M. E., & Prayoga, Y. (2021). The Effect of Training on Work Performance and Career Development: The Role of Motivation as Intervening Variable. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 4(2), 2385–2393. https://doi.org/10.33258/birci.v4i2.1940

Shah, M. M., et al. (2020). The Development Impact of PT. Medco E & P Malaka on Economic Aspects in East Aceh Regency. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Volume 3, No 1, Page: 276-286.

W. F., & Lestari, E. W. (2021). Faktor Yang Mempengaruhi Struktur Modal Pada Perusahaan Manufaktur Sub Sektor Makanan Dan Minuman Periode 2018-2020. Proceeding Seminar Nasional & Call For Papers, 791-803.

Werdhiastutie, A. et al. (2020). Achievement Motivation as Antecedents of Quality Improvement of Organizational Human Resources. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Volume 3, No 2, Page: 747-752.




DOI: https://doi.org/10.33258/birci.v6i1.7416

Article Metrics

Abstract view : 16 times
PDF - 0 times

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.