Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA)
Vol. 2 No. 2 (2023): October

DETERMINANTS OF CAPITAL STRUCTURE OF PLANTATION COMPANIES ON THE INDONESIAN STOCK EXCHANGE

Chairul Azman (Faculty of Economics and Business Universitas Malikussaleh)
Ristati (Faculty of Economics and Business Universitas Malikussaleh)
Yusniar (Faculty of Economics and Business Universitas Malikussaleh)
Chairil Akhyar (Faculty of Economics and Business Universitas Malikussaleh)



Article Info

Publish Date
30 Oct 2023

Abstract

This study aims to determine the determinants of the capital structure of plantation companies on the Indonesia Stock Exchange. The data used in this research is secondary data from 22 plantation companies during the research period from 2017 to 2021 so that the observations in the study totaled 110 observations. The method used to analyze the relationship between the independent variables and the dependent variable is the panel data regression method. The results showed that partially Tangibility had a positive and significant effect on capital structure in Plantation Companies on the Indonesia Stock Exchange, Profitability had a positive and significant effect on capital structure in Plantation Companies on the Indonesia Stock Exchange, and Liquidity had a positive and significant effect on capital structure in Plantation Companies on the Indonesian Stock Exchange.

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Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA) provides a forum for academics and professionals to share the latest developments and advances in knowledge and practice of business management, both theory and methods. It aims to foster the exchange of ideas on a range of ...