PENGARUH KONTROL KEPEMILIKAN, CASH HOLDING DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN KEMARITIMAN YANG TERDAFTAR DI BEI PERIODE 2015-2019

Abstract

This study aims to determine the effect of ownership control, cash holding, and company size on the capital structure of maritime companies listed on the Indonesia Stock Exchange for the 2015-2019 period. The independent variable in this study is ownership control as measured by KI, cash holding measured by the distribution of share ownership, and company size as measured by Ln Total Asset. Meanwhile, the dependent variable is the capital structure measured by DER. The population in this study were 32 companies and only 8 companies were sampled in this study using purposive sampling method, namely by using certain criteria. The results of the study partially conclude that ownership control has no significant effect on capital structure, The results of the study partially conclude that cash holding has a significant effect on capital structure. The results of the study partially conclude that company size has a significant effect on capital structure, while simultaneously it shows that ownership control , cash holding and company size have a significant effect on capital structure.