Factors That Influence the Capital Structure of the Mining Company (Empirical Study Company In BEI)

Abstract

This study aims to examine the effect of sales growth, profitability, liquidity and
asset structure on capital structure in mining companies listed on Indonesia Stock
Exchange period 2012-2016. The population used in this study is all mining
companies listed on the Indonesia Stock Exchange 7 companies. Based on
sampling technique with purposive sampling method, 75 samples were obtained for
five periods; the data analysis technique used was multiple linear regression
analysis. The result of hypothesis testing shows the variables of sales growth,
profitability, and liquidity have an effect on capital structure, while asset structure
variable has no effect to capital structure. When viewed from the significance of
the results of this study indicates that (1) there are variables sales growth,
profitability, liquidity that have significant (2) only asset structure variable that has
no significant effect on capital structure (3) model used is feasible is variable sales
growth, profitability , liquidity, and asset structure.
Keywords: GROWTH, ROA, ROE, AS and DER