DETERMINAN STRUKTUR MODAL BERDASARKAN PECKING ORDER THEORY PADA PERUSAHAAN SEKTOR BARANG KONSUMSI DI BEI
ABSTRACT: Capital structure is
a combination of using debt and equity in the company’s for long term financial
structure, it’s important for companies to consider the factors that can
influence the capital structure to obatain optimal capital structure. The
purpose of this research is to describe the determinant of capital structure
based on pecking order theory on consumer goods sector company in Indonesia
Stock Exchange year 2012-2016. The research uses associative design with
quantitative approach. The method used to determine sample is non – probability
sampling method with purposive sampling technique which sample size 32
companies. Data analysis technique used is multiple linear regression analysis.
The result of this research indicates that, partially sales growth negative not
significantlyinfluance to capital structure, liquidity negative significantly
influence to capital structure, non- debt tax shield negative not significantly
influence to capital structure, profitability positive significantly influence
to capital structure, companies size negative significantly influence to
capital structure, and tangible assets positive significantly influence to
capital structure.
Keyword: determinant, capital
structure, pecking order theory
Penulis: Cok Istri Diah
Novitayanti, Henny Rahyuda
Kode Jurnal: jpmanajemendd180169
