Jurnal Kontemporer Akuntansi
Volume 2, No. 2, September 2022

STRUKTUR MODAL PENDEKATAN DINAMIS PADA PERUSAHAAN PROPERTY, REAL ESTATE, DAN KONSTRUKSI BANGUNAN YANG TERDAFTAR DI BURSA EFEK INDONESIA 2015-2018

Ishak Ramli (Faculty of Economic and Business, Universitas Tarumanagara, Jakarta)
Raleska (Faculty of Economic and Business, Universitas Tarumanagara, Jakarta)
Henny (Faculty of Economic and Business, Universitas Tarumanagara, Jakarta)



Article Info

Publish Date
15 Sep 2022

Abstract

The increase in business in the property sector, which each year does not have a significant impact, is suitable for observing the capital structure. The property sector is also considered to have a significant influence on the economic crisis. This study is intended to prove the effect of profitability, company size, liquidity, sales growth, nondebt tax shield, asset structure, optimal leverage and speed adjustment factors on capital structure. By using the financial statements of property companies for the years 2015-2018. Profitability data, company size, liquidity, sales growth, non-debt tax shield, and asset structure were analyzed using multiple regression to test their effect on capital structure, and optimal leverage and speed of adjustment data were analyzed using the Generalized Moment Method (GMM) to test. achieving optimal capital structure and speed of achieving optimal capital structure. The results found that firm size, liquidity, non-debt tax shield and speed of adjustment had a significant positive effect on capital structure, asset structure and optimal leverage had a significant negative effect on capital structure, while profitability and sales growth did not significantly affect capital structure.

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Journal Info

Abbrev

JKA

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Kontemporer Akuntansi merupakan jurnal yang mempublikasikan artikel-artikel dari mahasiswa Program Studi (Prodi) S2 Akuntansi Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara dengan ISSN 2809-7912(elektronik) . Kajian artikel terkait dengan bidang ilmu Akuntansi seperti Perpajakan, ...