Pengaruh Likuiditas Dan Pertumbuhan Penjualan Terhadap Struktur Modal

Abstrak

Purpose – This study aims to see the effect of liquidity and sales
growth on the capital structure of mining sector companies

Design/methodology/approach – The method used in this study
uses quantitative methods by sampling using purposive sampling
techniques with the results of 41 mining sector companies listed on
the Indonesia Stock Exchange in 2017- 2021. The data used is
secondary data, namely data obtained directly in the form of financial
statements from www.idx.com sites and their respective company
websites which are used as research samples. Data analysis
techniques are carried out using statistical analysis, namely: classical
assumption tests (normality, multicollinearity, heterokedasticity,
and autocorrelation), multiple linear analysis, and hypothesis tests,
as well as coefficients of determination with SPSS 25.0 for window.

Findings – Based on the results of the study, it was found that
liquidity has a negative and insignificant effect on the capital
structure, while sales growth has a negative and significant influence
on the capital structure of mining sector companies

Research limitations/implications – For the conclusions that
have been put forward, researchers can provide some suggestions for
improving the quality of further research. The suggestions proposed
by the researcher include adding the number of other variables that
are expected to affect the capital structure, then the company is
advised to pay attention to the factors that affect its capital structure