Authors:

Putu Ayu Govika Krisna Dewi, I Gusti Bagus Wiksuana, Henny Rahyuda

Abstract:

“Purpose of study is to analyze variables that determine capital structure of non-financial companies in Indonesia. There are seven variables observed namely company’s growth rate, profitability, firm size, asset structure, liquidity, non-debt tax shield and business risk. The population were non-financial companies listed on Indonesia Stock Exchange during 2010-2014 and published annual financial statements in 2009-2014. Study used census technique. Population consisted of 324 companies. Data analysis technique used was multiple regression model for panel data. The results show that profitability, firm size and non-debt tax shield (NDTS) had significant effect on capital structure. Study concluded that profitability and non-debt tax shield are determinant variables of capital structure on non-financial firms in Indonesia based on trade-off theory approach while firm size tends to follow other capital structure theory.”

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PDF:

https://jurnal.harianregional.com/jmbk/full-24018

Published

2017-03-16

How To Cite

KRISNA DEWI, Putu Ayu Govika; WIKSUANA, I Gusti Bagus; RAHYUDA, Henny. VARIABEL-VARIABEL PENENTU STRUKTUR MODAL PERUSAHAAN NON KEUANGAN DI BURSA EFEK INDONESIA.Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan, [S.l.], mar. 2017. ISSN 2302-8890. Available at: https://jurnal.harianregional.com/jmbk/id-24018. Date accessed: 28 Aug. 2025. doi:https://doi.org/10.24843/MATRIK:JMBK.2017.v11.i01.p08.

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ABNT, APA, BibTeX, CBE, EndNote - EndNote format (Macintosh & Windows), MLA, ProCite - RIS format (Macintosh & Windows), RefWorks, Reference Manager - RIS format (Windows only), Turabian

Issue

Volume 11 Nomor 1 Tahun 2017

Section

Articles

Creative Commons License This work is licensed under a Creative Commons Attribution 4.0 International License