International Journal of Application on Economics and Business
Vol. 1 No. 1 (2023): February 2023

The Determinants of Capital Structure for The Coal-Mining Companies Listed on Indonesia Stock Exchange

Venny Venny (Faculty of Economics & Business, Universitas Tarumanagara)
Sarwo Edy Handoyo (Faculty of Economics & Business, Universitas Tarumanagara)



Article Info

Publish Date
25 Feb 2023

Abstract

The purpose of this research is to explain the effect of profitability, asset structure, growth opportunities, and non-debt tax shields on the capital structure of the coal-mining firms indexed on the Indonesia Stock Exchange from 2016 to 2020. There are 12 company samples in this research, which was determined with the purposive sampling method. The series of tests that will be carried out in this study include descriptive statistical analysis, panel data regression model tests, classical assumption tests, multiple linear regression analysis, and hypothesis testing. The data are processed using the EViews 12 software. The outcomes of this study show that profitability (ROA) and non-debt tax shields (NDTS) are affecting the capital structure (DER) negatively and significantly, growth opportunities (MTB) is affecting the capital structure (DER) positively and significantly, while asset structure (TANG) does not affect the capital structure significantly.

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Journal Info

Abbrev

ijaeb

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Journal of Application on Economics and Business (IJAEB) contains articles on the following topics: Entrepreneurship studies, Business studies, Management studies, Accounting studies, Economics ...