Indonesian Journal of Advanced Research (IJAR)
Vol. 3 No. 12 (2024): December 2024

The Influence of Liquidity, Profitability, Firm Size, Tangibility and Growth on Capital Structure

Tursina, Anisya Amalia (Unknown)

Article Info

Publish Date
24 Dec 2024

Abstract

This study examines the effects of liquidity, profitability, firm size, tangibility, and growth on the capital structure of consumer goods and industrial sector companies listed on the Indonesia Stock Exchange (IDX) from 2016 to 2022. Using the Generalized Method of Moments (GMM) in Eviews 12SV, 45 companies were analyzed based on purposive sampling. Results show tangibility and liquidity negatively influence capital structure, as firms with higher tangible assets and liquidity prefer internal financing. Conversely, firm size, profitability, and growth positively impact capital structure, with larger, more profitable firms adopting higher leverage due to increased access to external funding. This highlights the dynamic interplay of financial factors in shaping corporate capital structures.

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Journal Info
Indonesian Journal of Advanced Research (IJAR)
Website

Abbrev

ijar

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Education Languange, Linguistic, Communication & Media

Description

Indonesian Journal of Advanced Research (IJAR) is an open-access and peer-reviewed journal, published by Formosa Publisher, which is mainly intended for the dissemination of research results by researchers, academics, and practitioners in many fields of science and technology. IJAR publishes ...