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Eliya Ramadhan
Universitas Muhammadiyah Gresik
Economics, Econometrics & Finance

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Analisis Faktor-Faktor yang Memengaruhi Struktur Modal pada Bank Umum Konvensional di Indonesia Periode 2019–2022 Muhammad Aufa; Eliya Ramadhan
Jurnal Kendali Akuntansi Vol. 4 No. 4 (2026): Oktober: Jurnal Kendali Akuntansi
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59581/jka-widyakarya.v4i4.7070

Abstract

This paper investigates whether a bank's size, profitability, and liquidity influence its capital structure, focusing on conventional commercial banks listed on the Indonesia Stock Exchange from 2019 to 2022. Bank size is measured by the natural logarithm of total assets, profitability by return on assets (ROA), liquidity by the loan-to-deposit ratio (LDR), and capital structure by the debt-to-equity ratio (DER). Purposive sampling identified 26 banks, yielding 104 bank-year observations. After removing 24 outliers, 80 observations remained for analysis using multiple linear regression. The results indicate that bank size has a positive and statistically significant effect on capital structure, suggesting that larger banks tend to rely more heavily on debt financing. Conversely, liquidity has a negative and statistically significant effect, indicating that banks with higher liquidity tend to depend less on debt. Profitability, however, shows no statistically significant relationship with capital structure. These findings highlight the importance of bank size and liquidity in explaining financing decisions among conventional commercial banks in Indonesia. The study provides insights for banking management in developing appropriate financing strategies and maintaining financial stability.
Co-Authors Muhammad Aufa