PENGARUH PROFITABILITAS, PERTUMBUHAN ASET DAN RISIKO BISNIS TERHADAP STRUKTUR MODAL PADA SEKTOR HOTEL DAN PARIWISATA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2014-2018

Abstract

The purpose of this study was to determine the effect of profitability, asset growth and business risk on the capital structure of hotel and tourism companies listed on the Indonesian stock exchange for the period 2014-2018. The data used in this study are secondary data in the form of financial reports. The population in this study were 28 hotel and tourism companies listed on the Indonesia Stock Exchange for the 2014-2018 period. The sampling technique used was purposive sampling method for 10 companies with an observation period of 2014-2018 so that 50 observation objects were selected. This study uses the documentation method obtained from financial reports published on the official website of the Indonesia Stock Exchange, namely www.idx.co.id. Data were analyzed using multiple linear regression with the help of the SPSS 26 program. The results of this study indicate that profitability has an effect on capital structure, asset growth has no effect on capital structure, and business risk has no effect on capital structure. With a R2 value of 24.4%