Faktor-faktor yang mempengaruhi struktur modal pada perusahaan manufaktur (BEJ) 2003-2005
Hapsari, I Gusti Ayu Devi (Pembimbing : Drs. Sumiyana, Ak), Drs. Sumiyana, Ak
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The study was aimed at identifying the effects of business risk, growth of asset, profitability, ownership structure, and size company on capital structure and whether the results are relevant with previous study. Theoretically, capital structure is based on agency theory, trade off theory, pecking order theory, and asymmetric information theory.
In this study, 35 manufacturing companies enlisted in Jakarta Stock Exchange were chosen as samples. The samples were obtained using purposive sampling method; while the model used in the data analysis was multi regression model.
The result showed partial effect was significant at 0,05 for the variable of profitability and size company, while business risk, growth of asset, and ownership structure have no significant influence on the capital structure.
Kata Kunci : capital structure, business risk, growth of asset, profitability, ownership structure, size company
