PENGARUH NILAI TUKAR, SUKU BUNGA, INFLASI, GDP DAN CORPORATE TAX RATE TERHADAP STRUKTUR MODAL PERUSAHAAN SEKTOR INFRASTRUKTUR, UTILITAS DAN TRANSPORTASI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2011-2015
Abstract: This research aims
to determine the effect of Exchange Rates, Interest Rates, Inflation, GDP and
corporate tax on corporate capital structure of Infrastructur, Utilities and
Transportation Sector Listed on BEI in 2011-2015. This research use Trade off
Theory, Signalling Theory and Pecking Order Theory as the basis theory and the
sample consisted of 35 companies that were taken using proposive sampling. This
research using multiple linear regression model. The results of this research
showed that partially variable corporate tax rate has significantly effect on
corporate capital structure. The exchange rate and inflation had no effect on
corporate capital structure because the company not consider about exchange
rate and inflation to determine their capital structure, the company use
retained earning or internal fund first instead of using debt in their capital
structure. GDP also had no effect on the corporate capital structure because
creditor confidence on the grounds that the prospect of the company is no longer
seen in terms of debt or profit but from the age of the company that reflect
that the company still exists and able to compete.
Keywords: Exchange Rates,
Inflation, GDP, Corporate Tax Rate, Corporate Capital
Penulis: RAHAYU MUKTI MAHANANI
Kode Jurnal: jpmanajemendd171179
