PENGARUH PERTUMBUHAN PERUSAHAAN DAN PROFITABILITAS TERHADAP STRUKTUR MODAL DAN DAMPAKNYA PADA PERUBAHAN HARGA SAHAM PERUSAHAAN LQ 45 PERIODE TAHUN 2004- 2007

Abstract

capital structure is capital structure which optimalize trade off between risk and return so can maximizing market price. Capital structure can be raised internally or externally. However, the source offunding that will be chosen depends on several variables, such as growth and profitability. Both of them are estimated influence capital structure and then influence marketprice. This study aims to examine the relations between growth and profitability to capital structure and then looking their impact to market price. The sample of this research are companies for 2004-2007 alwaysfused in LQ45 indeks. SPSS is used to examine this research. The result shows that profitability significantly influence capital structure and market price. Such was the case happen in relation of capital structure and market price which is influence significantly. Whereas growth unsignificantly influence capital structure and market price. This show that profitability influence capital structure and then impact on the market price. And that case did not happen on the growth. Keywords : Growth, Profitability, Capital structure and Market Price