Factors Affecting the Capital Structure of Non-financial Business Entities Listed in the IDX for the 2016–2020 Period

Slamet, Adityawan and Ernawati, Endang and Murhadi, Werner Ria (2022) Factors Affecting the Capital Structure of Non-financial Business Entities Listed in the IDX for the 2016–2020 Period. In: Proceedings of the 19th International Symposium on Management (INSYMA 2022)), 19-20 May 2022, The Patra Bali and Resort Kuta Bali.

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Abstract

This research aims to analyze the determinants of a firm’s factors that influence capital structure. The variables used were profitability, growth, tangi�bility, non-debt tax shield, liquidity, and size. This research used a quantitative approach by using multiple linear regression. This research samples were from all non-financial sector companies listed on Indonesia Stock Exchange that issued financial statements in 2016–2020 and were not under the delisting process. The final samples utilized in this research were equal to 1,650 observations. This research used the fixed effect model, and the research findings indicate that the non-debt tax shield has no significant effect on capital structure, while profitabil�ity, growth, tangibility, liquidity, and size have a significant effect on debt in all non-financial sector companies listed on the Indonesia Stock Exchange for the period 2016–2020.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	capital structure; debt; trade-off theory; pecking order theory
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Endang Ernawati 3119
Date Deposited:	06 Mar 2023 09:23
Last Modified:	06 Mar 2023 11:01
URI:	http://repository.ubaya.ac.id/id/eprint/43548

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