Alistya Putri Gasita
Faculty of Economics and Business, Universitas Jendral Achmad Yani, Indonesia

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The Influence of Company Size and Business Risk on Capital Structure (A Case Study of Real Estate and Property Sector Companies Listed on the Indonesia Stock Exchange for the 2020–2023 Period) Alistya Putri Gasita; Ifan Wicaksana Siregar
International Journal of Accounting, Business, and Economic Policy Vol. 1 No. 3 (2025): July
Publisher : CV Projurnal Mitra Publikasi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.66324/ijabep.v1i3.71

Abstract

The primary aim of this study is to explore the influence of company size and business risk on the capital structure of property and real estate firms listed on the Indonesia Stock Exchange between 2020 and 2023. The primary focus of the study is on the increase in Debt to Asset Ratio (DAR) values within the industry. Data for the analysis was gathered from annual reports of companies and assessed using quantitative methods involving multiple linear regression. The sample for the study included 56 property and real estate companies selected through purposive sampling. The results of the study suggest that the size of a company somewhat positively affects its capital structure, and similarly, business risk also has a somewhat positive influence on it. Nonetheless, when looked at in combination, the size of the company and business risk do not have a noteworthy impact on the capital structure.