Determinants Of Capital Structure In Manufacturing Companies In Emerging Stock Market
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 11
Abstract
This study aims to examine and obtain empirical evidence that business risk, profitability, tangibility, firm size, liquidity, and asset growth rate, affect the capital structure of manufacturing companies listed on the Indonesia Stock Exchange in the 2017-2021 period. The study was conducted on 95 manufacturing companies listed on the Indonesia Stock Exchange for the period 2017 – 2021. The data used in this study is panel data. The method used in this research is explanatory with a quantitative approach and the sampling used is simple purposive sampling.analysis Explanatory is used to explain the relationships between the variables of capital structure, business risk, profitability, tangibility, firm size, liquidity, and asset growth rate. The results show that profitability and liquidity have a negative effect on capital structure, tangibility and asset growth rate have a positive effect on capital structure, while business risk and firm size have no effect on capital structure. The results also show that the simultaneous test concludes that all independent variables affect the dependent variable
Authors and Affiliations
Muhammad Kurnia Setia Negara, Sri Hasnawati, Ernie Hendrawaty
Keywords
Related Articles
- EP ID EP727869
- DOI 10.47191/jefms/v6-i11-22
- Views 61
- Downloads 0
The Judicial and Legislative System in the Society of Prof. Momchil Dobrev’s and by Prof. Mariola Garibova-Dobrev’s Theory of SocioHumanism - Against the Judiciary of the Global Mafia Masonic Elite and its Deep Rule
: Lord Prof. PhD PhD Momtchil Dobrev-Halachev and Prof. Mariola Garibova-DObreva developed 2006 Theory of socio-humanism by developing the creation of a new human society with a new political, economic, social, health,...
Determinants of Digital Financial Literacy for Young Adult Generation in Indonesia
Industry 4.0 has greatly facilitated the adoption of Digital Finance Inclusion (DFI) in Indonesia. Consequently, DFI providers need to investigate the many variables influencing DFI users to understand their consumers be...
The Covid-19 Pandemic's Impact On Financial Performance And Market Performance In Nine Indonesian Business Sectors
This study compared trading volume activity before and after the COVID-19 pandemic, the first large-scale social restrictions, the New Normal, and the second large-scale social restrictions at LQ Companies. It also exami...
Impact of Price, Product Quality, and Promotion on Consumer Satisfaction in Cosmetics and Skincare
Currently, cosmetics are one of the important needs for most women. In addition to beauty reasons, cosmetics are often associated with professionalism where professional workers are required to look attractive so that th...
Assessing Tax Potential of Regions
This article is devoted to the consideration of methods for assessing tax potential of regions, as well as the factors impacting tax potential. The aim of the research is to review approaches designated to determining th...