CAPITAL STRUCTURE AND INFLUENCING FACTORS: A STUDY ON MANUFACTURING COMPANIES IN INDONESIA
This study aims to analyze the influence of determinants of capital structure on company value. The determinants of capital structure in this study consist of asset structure, profitability, firm size and sales growth. The analysis method used in this study is multiple regression analysis. The research was conducted on manufacturing companies listed on the IDX for the period 2016-2021. The results showed that improving asset structure, profitability and firm size can significantly affect capital structure. Where the better the amount of asset structure, profitability and capital structure can optimize the company's capital structure. Meanwhile, sales growth cannot affect the capital structure. This means that high or low sales growth of the company cannot affect the amount of the company's capital structure.
Asset Structure, Profitability, Firm Size, Sales Growth, Capital Structure, Manufacturing Company