Karakteristik Perusahaan dan Pengaruhnya terhadap Struktur Modal Perusahaan yang Terdaftar di Bursa Efek Indonesia

The purpose of the researsch was to analyze and find empirical evidence of the effect of firm characteristics that affect capitas stucture. The investigation has been performed using panel data procedure for a sample of all of manufacturing companies listed on the Jakarta Stock Exchange during 2006-2010. The firm characteristics are analizes as determinants of capital structure according to different explanatory theories. The hypothesis thas is tested in this paper is that the debt ratio depends on the Liquidity, Profitability, Size, Tangible, Growth, Agency, Bussiness Risk, Age and the firms than maintain a debt ratio above 50 per cent using a dummy variable are also distinguised. The result showed that there is a positive ralation between provitabiity and capital structure, a negative ralation between size, bussiness risk and capital stucture. Keywords : Debt, Capitas Structure, Firm Characteristic