Pengaruh Struktur Aktiva, Likuiditas, Pertumbuhan Penjualan dan Risiko Bisnis terhadap Struktur Modal

Paramitha, Ni Nyoman Karisma Dewi; Putra, I Nyoman Wijana Asmara

doi:10.24843/eja.2020.v30.i11.p04

Cited by 7 publications

(15 citation statements)

References 7 publications

(13 reference statements)

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“…When a company possesses a substantial amount of fixed assets, it seeks to utilize long-term debt, using these assets as collateral to meet financial obligations. These findings align with the research conducted by Setiyanti et al (2019), Afiezan et al (2022), Mas & Dewi (2020, Paramitha & Putra (2020), Ekinanda et al (2021), Meilani & Wahyudin (2021, Syafril &Fahmi (2021), andMiswanto et al (2022), which all demonstrate the impact of asset structure on capital structure.…”

Section: Path Analysis Testsupporting

confidence: 89%

CAPITAL STRUCTURE MODEL (Empirical Study on IDX 2020-2022)

Dewi,

Riswan,

Khairudin

2024

MARGINAL

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The food and beverage industry are constantly evolving and shaped by consumer preferences, making it crucial for companies to consider the various factors that impact their revenue streams. Analyzing the structure of a company's assets and the rate of its sales growth are crucial factors to consider, as they greatly influence the financial management practices of the company. Asset structure means what a company owns, and sales growth shows if the company is making more or less money. The aim of this research is to examine how the capital structure is influenced by asset structure, sales growth, and the role of profitability in mediating this connection. The study utilized a quantitative research methodology. The research population consisted of companies in the food and beverage subsector on the IDX from 2020 to 2022. A total of 23 companies were selected as the sample over a 3-year period, resulting in 69 data points using purposive sampling technique. The data analysis involved multiple linear regression analysis with the assistance of SPSS version 17. The study's results show that both the composition of assets and the growth in sales have a favorable and noteworthy influence on the structure of capital. Additionally, profitability plays a role in connecting the asset structure with the capital structure, as well as linking sales growth with the capital structure.

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Section: Path Analysis Testsupporting

confidence: 89%

CAPITAL STRUCTURE MODEL (Empirical Study on IDX 2020-2022)

Dewi,

Riswan,

Khairudin

2024

MARGINAL

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“…Namun, hasil penelitian tersebut bertentangan dengan Bhawa & S., (2015) menyatakan bahwa ukuran perusahaan berpengaruh negatif dan tidak signifikan terhadap struktur modal. Risiko bisnis merupakan risiko yang mungkin terjadi apabila perusahaan tidak mampu mengembalikan biaya yang telah digunakan untuk menunjang kegiatan produksi perusahaan, karena adanya ketidakstabilan antara biaya dan pendapatan perusahaan (Paramitha & Putra, 2020). Juliantika & S (2016) dan Ratri & Christianti (2017) menyatakan bahwa risiko bisnis berpengaruh negatif dan signifikan terhadap struktur modal.…”

Section: Pendahuluanunclassified

“…Hal ini menunjukkan bahwa likuiditas tinggi, maka penggunan hutang perusahaan akan menurun. Berdasarkan hasil penelitian Lestari & Purnawati (2018) dan Paramitha & Putra (2020) menyatakan bahwa likuiditas berpengaruh negatif terhadap struktur modal. H4 : Likuiditas berpengaruh negatif terhadap struktur modal…”

Section: Pengaruh Likuiditas Terhadap Struktur Modalunclassified

Analisis Pengaruh Likuiditas, Ukuran Perusahaan dan Risiko Bisnis Terhadap Struktur Modal dengan Profitabilitas Sebagai Variabel Intervening (Studi Pada Perusahaan Sub Sektor Makanan dan Minuman di BEI Periode 2014-2020)

Setyani¹,

Wiyono²,

Kusumawardhani³

2022

Ekonomis

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This study aims to examine the effect of liquidity, firm size and business risk on capital structure with profitability as an intervening variable in food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the 2014-2020 period. The population in this study are all food and beverage sub-sector companies that have been and are still listed on the Indonesia Stock Exchange. The sampling technique used was purposive sampling and obtained a sample of 9 companies. The data analysis technique used classical assumption test, multiple linear regression and sobel test. The results of this study indicate that liquidity has a positive and significant effect on profitability, while firm size and business risk have no effect on profitability. Liquidity has a negative and significant effect on capital structure, firm size has a positive effect on capital structure, business risk and profitability have no effect on capital structure. Profitability cannot mediate liquidity, firm size and business risk on capital structure.

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“…Hal ini sesuai dengan pecking order theory yang menjelaskan perusahaan cenderung menggunakan dana internal terlebih dahulu daripada sumber pendanaan eksternal dalam aktivitas pendanaanya. Hasil penelitian ini sejalan dengan penelitian yang dilakukan oleh [12], [13] menyatakan bahwa Likuiditas berpengaruh negatif dan signifikan terhadap Struktur Modal. Namun penelitian ini bertentangan dengan penelitian yang dilakukan oleh [9] Likuiditas tidak berpengaruh terhadap Struktur Modal.…”

Section: Pengaruh Likuiditas Terhadap Struktur Modalunclassified

“…Hasil penelitian ini sejalan dengan penelitian yang dilakukan oleh [10] yang menyatakan bahwa Struktur Aktiva tidak berpengaruh signifikan terhadap Struktur Modal. Namun penelitian ini bertentangan dengan penelitian yang dilakukan oleh [11], [13] Struktur Aktiva berpengaruh signifikan terhadap Struktur Moda…”

Section: Pengaruh Struktur Aktiva Terhadap Struktur Modalunclassified

Pengaruh Profitabilitas, Likuiditas, Struktur Aktiva Dan Growth Opportunity Terhadap Struktur Modal

Anggita

Priyanto

2022

jaemb

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This study aims to determine the effect of the variabels Profitability, Liquidity, Asset Structure and Growth Opportunity on Capital Structure in Properti and Real Estate Companies. The population used in this study are Properti and Real Estate Companies listed on the Indonesia Stock Exchange with a research observation period of 2017 – 2021. The sample selection used a purposive sampling method based on certain criteria that were adjusted to the objectives of the research problem. The number of samples used in this study as many as 15 of 80 companies. The data analysis technique used in this study is Multiple Linear Regression Analysis with the SPSS version 19 program tool. The results of this study indicate that Profitability and Liquidity have a negatif and significant effect on capital structure. Growth Opportunity has a positif and significant effect on the capital structure. Meanwhile, asset structure has no significant effect on capital structure.

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Pengaruh Struktur Aktiva, Likuiditas, Pertumbuhan Penjualan dan Risiko Bisnis terhadap Struktur Modal

Cited by 7 publications

References 7 publications

CAPITAL STRUCTURE MODEL (Empirical Study on IDX 2020-2022)

CAPITAL STRUCTURE MODEL (Empirical Study on IDX 2020-2022)

Analisis Pengaruh Likuiditas, Ukuran Perusahaan dan Risiko Bisnis Terhadap Struktur Modal dengan Profitabilitas Sebagai Variabel Intervening (Studi Pada Perusahaan Sub Sektor Makanan dan Minuman di BEI Periode 2014-2020)

Pengaruh Profitabilitas, Likuiditas, Struktur Aktiva Dan Growth Opportunity Terhadap Struktur Modal

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