ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN REAL ESTATE DAN PROPERTY YANG TERDAFTAR DI ISSI

Abstract

This study aims to determine how the influence of profitability, company size, asset structure, and liquidity on capital structure. This research was conducted on real estate and property sector companies registered at ISSI for the 2018-2021 period. The method of determining the sample using purposive sampling consisting of 20 companies. This research uses quantitative methods with data analysis methods, namely using panel data regression which is processed with the E-Views 12 application. The results of this study are; (1) Simultaneously, profitability, firm size, asset structure, and liquidity have a significant effect on capital structure. Profitability as described by ROA has a positive and significant effect on capital structure, company size has no partial effect on capital structure, asset structure has a negative and significant effect on capital structure, and liquidity has no effect on capital structure. (2) The calculation of the coefficient determines that all independent variables, namely profitability, firm size, asset structure, and liquidity, can explain the capital structure variable by 83%, the remaining 17% can be influenced by other variables not examined in this study