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The Effect of Profitability, Asset Structure on Capital Structure in Registered Chemical Sub-Sector Companies on IDX from 2018-2020 Lita Novia Ciputri SM; Harman Malau
Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 5, No 3 (2022): Budapest International Research and Critics Institute August
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v5i3.6917

Abstract

The purpose of this study is to find out how profitability and asset structure can affect capital structure with the research target being 12 chemical sub-sector companies listed on the Indonesia Stock Exchange (IDX) during 2018-2020. Profitability and asset structure are independent variables and capital structure is the dependent variable in this study. This research uses purposive sampling technique. The data used in this study is secondary data taken from www.idx.co.id. This research uses multiple linear regression analysis model. This study obtained results that prove that profitability has a positive effect on capital structure while asset structure has a negative effect on capital structure. The coefficient of determination analysis shows that the adjusted R square value on the coefficient of determination test is 4.9%, where the remaining 95.1% is influenced by other variables. This shows that the independent variables in this study are not sufficiently influential on the capital structure because there are still many other variables that have a major influence on the capital structure.
Co-Authors Actley, Rizkie Alexander, Desirely Gabrilia Angellee Gloria Lingga Ariel, Bobie Manfred Alfaro Dick Bradley Bill Schara Marbun Bill Schara Marbun Boman Lingga Bonar Situmorang, Jeremi Brahmana, Chelline Daphne Br Chris Octsantri Newin Huise Christina Burhan, Melissa Daniel Dewi L Sitorus Dick Wolters Marbun Elma Kania Febry Chatalya Pakpahan Francis Hutabarat Ginting, Raja Masmur Gwyneth Heiddy Limbong Gwyneth Limbong Harlyn L. Siagian Hazel Sharon Millane Ingkan Karuyan Nainggolan Heima Sitorus Helentina Hutapea Priskila Brigita Imelda Surbakti Intan Pebriana Marbun Iroth, Jonathan Nicholas James Sylvanus Uly Reke Joan Yuliana Hutapea Jonathan Nadeak Joseph Andre Sinaga Joseph Andre Sinaga Judith T. G. Sinaga Judith Tagal Gallena Sinaga Juninetenth Keeply F Sitanggang Limbong, Gwyneth Lita Novia Ciputri SM Lorina Siregar Sudjiman Loviana Simarmata, Ruth Mancur Situmorang Marcellino Sibuea, Alfiano Marpaung, Joshua Meldaria Hutagalung Melissa Christina Burhan Mila Susanti Nababan, Meli Julianty Permatasari Pandiangan, Gibson Pandiangan, William Anestson Paulsen Pebrin Miller Limbong Purba, Henry Ray Hutapea Rizky Daniel Rivaldi Tambunan Romian Marpaung Romian Marpaung Ronny Buha Sihotang Rorimpandey, Joel Roslan Sinaga Sagala, Clarissa Grace S. Samuel Parlindungan Silalahi Saribu, Mayawi Br Dolok Seveny Amelia Lingga Siagian, Harlyn Lyndon Silalahi, Samuel Parlindungan Simatupang , Wesly Simatupang, Wesly Simbolon, Aditya Jono Sinaga, Judith Sinaga, Ready Angela Sitanggang, Juninetenth Keeply F Susanti, Mila Valentine Siagian Vernando, Yansen William Eben Haezer Silalahi Yodi Setiawan Ibrahim Yohan Saputra