IJEBMR
ISSN: 2456-7760

Title:
ANALYSIS OF FACTORS AFFECTING CAPITAL STRUCTURE

Authors:
Brizan Sena Bagaskoro, Ismul Aksan, Indonesia

Abstract:
This study aims to determine the analysis of the factors that influence capital structure. Observations in this study are manufacturing companies listed on the Indonesia Stock Exchange in the 2012-2015 periods, there are 106 companies. The results of this study indicate that Profitability (ROA) has a negative and significant effect on Debt to Equity Ratio (DER). Liquidity has a negative and significant effect on Debt to Equity Ratio (DER). Price Earnings Ratio (PER) has a negative and insignificant effect on Debt to Equity Ratio (DER). In addition, it was found that the adjusted R square value was 29.83%. This means that 29.83% of the capital structure movement can be predicted from the movement of the three independent variables.

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