Pengaruh Ukuran Perusahaan, Profitabilitas, Likuiditas, Dan Sales Growth Terhadap Struktur Modal Pada Perusahaan Manufaktur Yang Terdaftar Di BEI

Capital structure is the proportion of usage between debt and equity. The source of founds derived from debt has a capital cost in the form of interest cost, while the aource of founds devrived from equity has a capital cost in the form of dividends. The purpose of this study is to determine the effect of frim size, profitability, liquidity, and sales growth on capital structructure. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2015 to 2017. The selection of samples by setting certain and samples that met the criteria were 292 companies. The analysis used is multiple linear regression. The result of this study indicate that firm size, profitability (return on equity) and sales growth variables have no significant effect on capital structure while liquidity (current ratio) has a significant positive effect on capital structure. Keywords: Capital structure, frim size, profitability, liquidity, sales growth