Determinants of Company Capital Structure

Empirical Study on Lq-45 Index Companies on the Indonesia Stock Exchange

DOI

10.2991/aebmr.k.210311.038How to use a DOI?

Keywords

sales growth, profitability, asset structure, business risk, financial risk, tax magnitude, firm growth, Firm size

Abstract

This study aims to prove empirically that sales growth, profitability, asset structure, business risk, financial risk, tax, Firm growth and firm size are determinants of the capital structure decisions of companies incorporated in the LQ45 index on the Indonesia Stock Exchange. The sample was taken using purposive random sampling, and the collected panel data were analyzed using panel data regression. The results showed that the independent variables that had a significant effect on the capital structure proxied by the debt to asset ratio (DAR) were: sales growth, profitability, asset structure, and firm size

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - I Ketut Mangku
AU  - Fikri Budi Aulia
AU  - Yayuk Apriani
AU  - Arisudana Yoga Pramana
PY  - 2021
DA  - 2021/03/13
TI  - Determinants of Company Capital Structure
BT  - Proceedings of the 3rd International Conference on Banking, Accounting, Management and Economics (ICOBAME 2020)
PB  - Atlantis Press
SP  - 197
EP  - 202
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210311.038
DO  - 10.2991/aebmr.k.210311.038
ID  - Mangku2021
ER  -