PENGARUH FAKTOR KEUANGAN DAN NON-KEUANGAN TERHADAP STRUKTUR MODAL PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2012- 2014)

Abstract

The aim of this research to analyze the effect of financial and non-financial factor on firms' capital structure. Variabels Factors used in this study is the size of firm, profitability, liquidity, tangible assets, independent board, managerial ownership, and remuneration. This research uses the annual report documentation on companies listed in Indonesia Stock Exchange (BEI) in 2012-2014. The sampling method used in this study is purposive sampling. The number of samples obtained from these criteria amounted to 145 samples . Hypothesis testing using multiple regression analysis . The results of this research indicate that firm’s size is significantly positive to capital structure. While other variabels such profitability and liquidity, are significantly negative to capital structure. While tangible asset, independent directors, managerial ownership and remuneration are not significantly effect to capital structure.