Capital structure determinant of manufacture companies at Indonesia Stock Exchange Market during the year 2004 -2009

Amo Sugiharto

ABSTRACT AMO SUGIHARTO, NIM 2007-01-033. Capital structure determinant of manufacture companies at Indonesia Stock Exchange Market during the year 2004 -2009 (supervised by Dihin Septyanto) This research is intended to find out the influence of variables which affect the capital structure measured by debt to asset ratio (Y1), long-term debt to total asset ratio (Y2) and book value of long term debt to book value of equity ratio (Y3) in manufacture industries at Indonesia Stock Exchange Market. The research was done at Indonesia Stock Exchange Market during the year 2004-2009 in some manufacture industries. Hypothesis test is done with binary regression analitical statistic method by software statistical product and service solution (SPSS). Profitability (X1), growth sale (X2), firm size (X3) and current ratio (X5) influences debt to asset ratio (Y1), whereas tangibility (X4) and debt cost (X6) does not influence profitability (X1), growth sale (X2), firm size (X3) and tangibility. (X4) influences long term debt to total asset ratio (Y2), on the other hand current ratio (X5), and debt cost (X6) does not influence profitability (X1). Firm size (X3) and tangibility (X4) influences book value of long term debt to book value of equity ratio (Y3), on the other hand growth sale (X2), current ratio (X5) and debt cost (X6) does not influence Current ratio. (X5) is the most dominant variable influencing the capital structure measured by debt to asset ratio (Y1), tangibility (X4) is the most dominant variable influencing the capital stucture, either it is measured by long term debt to total asset ratio (Y2) or by book value of long term debt to book value of equity ratio (Y3).

  • No. Panggil 658.5 SUG c
  • Edisi
  • Pengarang Amo Sugiharto
  • Penerbit Jakarta 2010