PENGARUH RISIKO BISNIS, TINGKAT PERTUMBUHAN DAN PROFITABILITAS TERHADAP STRUKTUR MODAL PERUSAHAAN SEKTOR PROPERTY DAN REALESTATE

Abstract

The capital structure is a balance between the use of equity capital with the use of long-term loans, How big is the use of its own capital and how much the use long-term debt that it can be used optimally. This study aims to determine the effect of business risk, growth rate and profitability of the capital structure Listed in Indonesia Stock Exchange period 2012. The independent variables used in this study is Business Risk, Growth Rate and Profitability while the dependent variable used is the capital structure. The sample used in this study as many as 40 companies by using sampling techniques saturated. The data used in this research is secondary data obtained from the Directorate of Indonesian capital market (ICMD). Analysis of the data used in this research is multiple linear regression analysis.
The results obtained from this study are business risks do not affect the capital structure, positive effect on the growth rate of capital structure and profitability of a positive effect on the capital structure.
Keywords: Business Risk, Growth Rate, Profitability and Capital Structure.