PENGARUH NON-DEBT TAX SHIELD, OPERATING LEVERAGE, DAN PERTUMBUHAN ASSET TERHADAP STRUKTUR MODAL (Studi pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2014)

Abstract

This study aims to prove the influence of non-debt tax shield, operating leverage, asset growth and capital structure of the companies listed in Indonesia Stock Exchange in 2011 through 2014. The period used in this study is 4 (four) years, starting from in 2011 until 2014. As a qualified sample is 67 companies out of 448 companies listed in the Indonesia Stock Exchange (BEI) in 2011-2014. Samples were taken by using purposive sampling method. Using the statistical method of Multiple Linear Regression Analysis, by hypothesis testing statistical tests f and t statistical test, with SPSS. These results indicate non-debt tax shield significant effect on the capital structure. Operating leverage has no effect on the capital structure. Growth asset significant effect on the capital structure.

 

Keyword: Non-debt tax shield, Operating Leverage, asset growth, and capital structure