PENGARUH UKURAN PERUSAHAAN, STRUKTUR AKTIVA, PERTUMBUHAN PERUSAHAAN, LIKUIDITAS DAN PROFITABILITAS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN LQ 45 (NON-PERBANKAN) YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2008-2012

Abstract

Optimal capital structure is the capital structure that optimizes the balance between risk and return so as to maximize the stock price. The company should be able to take a policy whether to finance with debt or equity capital in order to create an optimal capital structure. This study aims to empirically analyze the effect of the influence of firm size, asset structure, growth, liquidity and profitability on the capital structure

The population in this study are companies registered Non-Banking in the calculation of LQ 45-year period from 2008 to 2012 totaling 45 companies. Sampling was conducted with a purposive sample, so that the number of samples taken at 20 companies. Observations were made during a period of 5 (five) years, ie 2008-2012. Therefore, the total sample of 100 financial statements of the company. Tool used multiple regression analysis and hypothesis testing.

Based on the analysis of data can be inferred; There was no effect of firm size on capital structure, asset structure There is no effect on the capital structure, There is no effect on the growth of the company's capital structure, the negative influences of liquidity on capital structure, the negative influences of profitability on capital structure 

Keywords: Company Size, Structure Assets, Company Growth, Liquidity, Profitability, Capital Structure