PENGARUH PROFITABILITAS DAN STRUKTUR AKTIVA TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

ABSTRACT
The objects used in this study is a sub-sector food and beverages because this subsector
has a value of DER has increased every year while the value of its profitability
fluctuation tends to increase so that it is contrary to the pecking order theory that states if the
value of the DER a company to increase the value ROA of the company will decrease and vice
versa. The purpose of this study was to analysis and prove the effect of profitability and asset
structure of the capital structure of food and beverage companies listed in Indonesia Stock
Exchange in the period 2012 to 2014. The samples used as many 14 companies with the
sample collection technique is saturated sampling (census). The data used is secondary data
obtained from the Directorate of Indonesian capital market. The analytical method used is the
analysis of the regression model.
The results of the research conducted is profitability as measured by return on assets
(ROA) was not shown to affect the company's capital structure is classified into sub sectors of
food and beverages listed on the Indonesia Stock Exchange, while Asset Structure shown to
affect the capital structure of companies belonging into sub-sectors of food and beverages
listed on the Indonesia Stock Exchange.
Keywords:Profitability, Asset Structure and Capital Structure