PENGARUH UKURAN PERUSAHAAN (FIRM SIZE) DAN PROFITABILITAS PERUSAHAAN (PROFITABILITY) TERHADAP STRUKTUR MODAL (CAPITAL STRUCTURE)

Abstract

This research was conducted on 12 manufacturing companies listed on the Indonesia Stock Exchange for the period 2018-2021. This study aims to determine the effect of company size and profitability on the capital structure of manufacturing companies listed on the Indonesia Stock Exchange for the period 2018-2021. The design in this study used this research using the ex-post facto method. The population in this study were 12 manufacturing companies listed on the Stock Exchange with a non-probability sampling technique using a saturated sample technique. The data used is secondary data, namely financial statements for the 2018-2021 period. Statistical analysis and relationship analysis methods used Pearson correlation analysis, coefficient of determination, multiple linear regression and to test the hypothesis used t test and F test. The results of the research that has been done can be seen that firm size and profitability have a linear relationship with capital structure, with the criteria of the relationship very strong with an R value of 0.909. Likewise, the results of multiple linear regression analysis show a positive and unidirectional relationship which is expressed by the equation Y = 0.709 + 0.035X1 + 0.625X2. From the analysis of the coefficient of determination (R2) shows that the magnitude of the effect of Firm Size and Profitability on Capital Structure is 82.6%, the remaining 17.4% is influenced by other variables not examined. The results of the significance test simultaneously show that Firm Size and Profitability have a value of sig < 0.05 (0.000 < 0.05) and has a calculated F value > F table that is 21.419 > 4.103, so it can be concluded that the hypothesis proposed can be accepted that the Company and Profitability together have a significant effect on the Capital Structure.