Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2022)

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Analysis of Variables Affecting the Capital Structure of Manufacturing Companies in Indonesia

Authors
Siti Mutmainnah1, Ely Siswanto1, *
1Faculty of Economics and Business, Universitas Negeri Malang, Malang, Indonesia
*Corresponding author. Email: ely.siswanto.fe@um.ac.id
Corresponding Author
Ely Siswanto
Available Online 16 May 2023.
DOI
10.2991/978-94-6463-178-4_26How to use a DOI?
Keywords
Company scale; Tangibility; Liquidity; Profitability; Business Risk; Dividend Policy; Marketing Growth; Capital Structure
Abstract

The purpose of this research is to examine the impact of company scale, tangibility, liquidity, profitability, business risk, dividend policy and marketing developments on capital structure. The research population includes consumer manufacturing companies listed on the Indonesia Stock Exchange for the 2016–2020 period. The criteria for the purposive sampling method resulted in 21 companies from a total population of 71 companies being the samples of the research conducted. This research was studied using multiple linear regression analysis techniques with the help of the SPSS application. The results of data processing prove that the variables of company scale, tangibility, liquidity, profitability, business risk, dividend policy, and marketing developments simultaneously affect the capital structure. While the partial test proves that business risk, company scale, dividend policy, and marketing developments have no effect on capital structure. Tangibility and profitability have a positive impact on capital structure, while liquidity has an impact on capital structure.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
16 May 2023
ISBN
978-94-6463-178-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-178-4_26How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Siti Mutmainnah
AU  - Ely Siswanto
PY  - 2023
DA  - 2023/05/16
TI  - Analysis of Variables Affecting the Capital Structure of Manufacturing Companies in Indonesia
BT  - Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2022)
PB  - Atlantis Press
SP  - 254
EP  - 268
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-178-4_26
DO  - 10.2991/978-94-6463-178-4_26
ID  - Mutmainnah2023
ER  -