PENGARUH UKURAN PERUSAHAAN, PERTUMBUHAN PENJUALAN DAN PROFITABILITAS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN KEMARITIMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2019

Abstract

This study is based on the impact of the company size, sales growth, and profitability of capital structure in the capital liisteed in the 2015 – 2019 period. Independent variables in this study are companies measured in terms of Ln Total Asset, Sales growth in growth, and profitability measured in ROA. While the underlying variable is the capital structure measured in DER. The population in this study is 32 companies and only 8 sample in this study using a method purposive sampling which is by using specific criteria. Studies have shown that corporate size does not significantly affect capital structures which indicate that both decline and increases in corporate size do not significantly affect capital structure listed in BEI, Sales growth is both influential and significant to the capital structure. The result shows that both decline and growth in sales have significantly affected capital structure listed in BEI with a positive direction which means that the higher the sales growth the more Capital structure, Profitability has no significant impact on capital structures, returned profitability has a negative and significant impact on capital structures with a negative direction. Which mean indicating that the higher the sales growth the more capital structure. With the same overall size, sales growth and profitability have significantly affected capital structure