Year: 2016
Type: article
Abstract: This study aimed to analyze the factors affecting the capital structure of the enterprise. Variables \nused profitability, size, tangibility, growth, earnings volatility, liquidity, and business risk. This \nstudy uses a quantitative approach to the analysis of multiple linear models. This study used a \nsample of manufacturing business entity registered in Indonesia Stock Exchange period 2009 - \n2013. The samples used in this study were 328 observations. The results showed that the variables \nof profitability and earnings volatility significantly negative effect on the capital structure (debt). \nVariable size, tangibility, and positively affect growth significantly to capital structure (debt). \nHowever, the study also found that variable liquidity and business risk significantly negative \neffect on the capital structure (debt).
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2560262629