PENGARUH UKURAN PERUSAHAAN, RESIKO BISNIS, PERTUMBUHAN ASSET, PROFITABILITAS, STRUKTUR KEPEMILIKAN DAN STRUKTUR AKTIVA TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA PERIODE 2010 – 2013

Abstract

The motivationof this studyisthe phenomenonof researchgapsthatthe findingsof differentstudies, wherethe resultsbetweenstudieswith one anotherthere is a difference. This studyaimed toanalyze theeffect of firm size, business risk, assetgrowth, profitability, ownershipstructureandasset structureof thecapitalstructure.

Samples are47manufacturing companies inthe Stock Exchangebyusingtime seriesdata isthatthe data for2010 to 2013are combinedina time seriesof data,so that thesample(n) =47x4=188observations.

The results showedthat(1) there isa positiveeffectoffirm size oncapitalstructure, (2) there is anegativeeffectofthe structureof assetsto capital structure, (3) there is no influence ofthe growthof assetsto capital structure, (4) there are nosignificant influencebetween theprofitabilityof thecapitalstructure, (5) there is no significant effectof ownership structureon capital structure, (6) there is no significant relationship betweenthe structureof assetsto capital structure.

Suggestionsofresearch ielargecompanysizeandlow businessrisksneed to be consideredbyinvestorsin making decisionsregardingtheir capitalstructurein order to achievean optimal capital structure. This is evidencedby looking atthe results ofstudies that provethat thepositive effect onthe size ofthe company's capital structure, whilebusinessrisksnegatively affectcapitalstructure.

Keywords: companysize, business risk, assetgrowth, profitability, ownership structure, the structure ofassetsandcapitalstructure