FACTORS AFFECTING CAPITAL STRUCTURE IN AUTOMOTIVE SECTOR COMPANIES IN INDONESIA
Keywords:
Sales Growth, Asset Structure Growth, Company Size, Capital StructureAbstract
This study aims to examine the effect of Sales Growth, Asset Structure Growth and Company Size on Capital Structure. The population used in this study is automotive companies listed on the Indonesia Stock Exchange for the period 2018-2021. The sampling technique used purposive sampling with a total of 11 companies. The data analysis technique used is multiple linear regression. The results showed that sales growth, asset structure growth and company size had no effect on capital structure.
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References
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Arilyn, E. J. (2015). The Influence of Financial Ratios, Company Characteristics and Tax Rates on the Capital Structure of Automotive Companies Listed on the Indonesian Stock Exchange. In Journal of Business and Accounting (Vol. 17, Issue 2, pp. 143–148).
Ayuningtyas, AH, & Mawardi, W. (2022). ANALYSIS OF THE INFLUENCE OF CAPITAL STRUCTURE, COMPANY SIZE, TANGIBILITY, AND GROWTH WITH GOOD CORPORATE GOVERNANCE AS . 11 , 1–13.
Cahyono, Dwi. Dicky & Prabawa, Adji. Sri (2011). The Effect of Company Size, Profitability, Asset Growth, and Business Risk on Capital Structure in Manufacturing Companies Listed on the IDX for the 2008-2012 period. Management Scientific Journal, 10(1).
Dan, K. (2023). The Influence of Sales Growth and Asset Structure on Capital Structure in Industrial Companies in the Automotive Sub-Sector . 1 , 1–19.
Darma, GS, & Premawati, IGAS (2017). Reference Kusuma 2011. Scientific Journal of Accounting & Business , 2 (2), 272–286.
Dzikriyah, & Sulistyawati, AI (2020). The Influence of Sales Growth, Asset Structure, Company Size and Profitability on the Capital Structure of Banking Companies Listed on the Indonesian Stock Exchange for the 2011-2015 Period. Scientific Solutions Magazine, Faculty of Economics, University of Semarang , 18 (3), 99–115.
Hayezca, P., Azwir, R., Rheny, N., Hanif, A., Accounting, J., & Ekonomi, F. (2014). THE INFLUENCE OF COMPANY CHARACTERISTICS ON CAPITAL STRUCTURE (Empirical Study of Automotive and Allied Product Companies Listed on the Indonesian Stock Exchange for the 2008-2011 Period) (pp. 1–15).
Indonesia. In Journal of Accounting and Tax (Vol. 18, Issue 01). https://doi.org/10.29040/jap.v18i01.81
Khoirunnisa, F., Purnamasari, I., & Tanuatmodjo, H. (2018). The Influence of Capital Structure on Company Value in Textile and Garment Companies. In Journal of Business Management Education (JBME) (Vol. 3, Issue 2, pp. 21–32). https://doi.org/10.17509/jbme.v3i2.14211
Kosali, AY (2022). Volume 19 Issue 1 (2022) Pages 131-141 PERFORMANCE: Journal of Economics and Management ISSN: 1907-3011 (Print) 2528-1127 (Online) The influence of sales growth, profitability and asset structure on capital structure in real estate and property companies on the stock exchange Indonesian securities 19 (1), 131–141.
Lasut, SJ., Rate, P. Van, & Ch., RM (2018).. The Influence of Company Size, Profitability, and Liquidity on Capital Structure in Automotive Companies Listed on the Indonesia Stock Exchange 2012-2015 PERIOD . EMBA Journal: Journal of Economics, Management, Business And Accounting Research , 6 (1), 11–21.
Mardiana (2011). Analysis of Factors That Influence the Capital Structure of Manufacturing Companies Listed on the Indonesian Stock Exchange for the 2006-2010 Period. Ak-IBS Economic Journal 10(2).
Naray, AR, & Mananeke, L. (2015). The Effect of Sales Growth, Asset Structure, and Sales Size on Capital Structure in Government Banks in Book Category 4. EMBA Journal , 3 (2), 896–907.
Ninla Elmawati Falabiba. (2019). Chapter I.pdf (Issue 2009, pp. 1–4).
Nursiam, & Aprillia, N. (2021). The Influence of Company Size, Liquidity, Profitability, and Business Risk on the Capital Structure of Pharmaceutical Companies. Widyagama University Malang Management E-Journal , 2 (Wnceb), 228–238.
Pangaribuan, SEB (2020). Analysis of Factors that Influence the Capital Structure of Automotive Sub-Sector Manufacturing Companies and Their Components Listed on the Indonesian Stock Exchange 2015-2018. Journal of Regional & Urban Development , 1 (3), 82–91.
Puspawardhani, N. (2014). The Effect of Sales Growth, Profitability, Asset Structure and Company Size on Capital Structure in Tourism and Hospitality Companies in Bei. Udayana University Management E-Journal , 3 (7), 2050–2065.
Rahman, F. (2018). Analysis of Capital Structure in Increasing Profitability at PT. Tigaraksa Satria. In Computers and Industrial Engineering (Vol. 2, Issue January, p. 6).
Rista, Yohana (2016). Analysis of the Factors Affecting the Capital Structure of Manufacturing Companies in the Automotive Sub Sector and Their Components Listed on the Indonesia Stock Exchange. Journal of Business Economics 15(2).
Samantha, R., & Almalik, D. (2019). Effect of Asset Structure, Profitability, Asset Growth, Sales Growth and Liquidity on Capital Structure , 3 (2), 58–66. http://www.tjyybjb.ac.cn/CN/article/downloadArticleFile.do?attachType=PDF&id=9987
Sari, SY, Ramadhani, D., & Yulia, Y. (2021). Effect of Business Risk, Asset Structure, Company Size, and Sales Growth on Capital Structure. Journal of Ecobiology , 4 (5), 10–19. https://doi.org/10.35134/ekobistek.v8i2.45
Sawitri, NPYR, & Lestari, PV (2015). Sales Growth Against. In Unud Management E-Journal (Vol. 4, Issue 5, pp. 1238–1251).
Siti Nurlaela, SAMD (2017). The Influence of Company Size, Asset Growth, Profitability and Sales Growth on the Capital Structure of Cosmetics and Household Companies on the Indonesian Stock Exchange. In Journal of Accounting and Tax (Vol. 18, Issue 01). https://doi.org/10.29040/jap.v18i01.81
www.idx.co.id
Arilyn, E. J. (2015). The Influence of Financial Ratios, Company Characteristics and Tax Rates on the Capital Structure of Automotive Companies Listed on the Indonesian Stock Exchange. In Journal of Business and Accounting (Vol. 17, Issue 2, pp. 143–148).
Ayuningtyas, AH, & Mawardi, W. (2022). ANALYSIS OF THE INFLUENCE OF CAPITAL STRUCTURE, COMPANY SIZE, TANGIBILITY, AND GROWTH WITH GOOD CORPORATE GOVERNANCE AS . 11 , 1–13.
Cahyono, Dwi. Dicky & Prabawa, Adji. Sri (2011). The Effect of Company Size, Profitability, Asset Growth, and Business Risk on Capital Structure in Manufacturing Companies Listed on the IDX for the 2008-2012 period. Management Scientific Journal, 10(1).
Dan, K. (2023). The Influence of Sales Growth and Asset Structure on Capital Structure in Industrial Companies in the Automotive Sub-Sector . 1 , 1–19.
Darma, GS, & Premawati, IGAS (2017). Reference Kusuma 2011. Scientific Journal of Accounting & Business , 2 (2), 272–286.
Dzikriyah, & Sulistyawati, AI (2020). The Influence of Sales Growth, Asset Structure, Company Size and Profitability on the Capital Structure of Banking Companies Listed on the Indonesian Stock Exchange for the 2011-2015 Period. Scientific Solutions Magazine, Faculty of Economics, University of Semarang , 18 (3), 99–115.
Hayezca, P., Azwir, R., Rheny, N., Hanif, A., Accounting, J., & Ekonomi, F. (2014). THE INFLUENCE OF COMPANY CHARACTERISTICS ON CAPITAL STRUCTURE (Empirical Study of Automotive and Allied Product Companies Listed on the Indonesian Stock Exchange for the 2008-2011 Period) (pp. 1–15).
Indonesia. In Journal of Accounting and Tax (Vol. 18, Issue 01). https://doi.org/10.29040/jap.v18i01.81
Khoirunnisa, F., Purnamasari, I., & Tanuatmodjo, H. (2018). The Influence of Capital Structure on Company Value in Textile and Garment Companies. In Journal of Business Management Education (JBME) (Vol. 3, Issue 2, pp. 21–32). https://doi.org/10.17509/jbme.v3i2.14211
Kosali, AY (2022). Volume 19 Issue 1 (2022) Pages 131-141 PERFORMANCE: Journal of Economics and Management ISSN: 1907-3011 (Print) 2528-1127 (Online) The influence of sales growth, profitability and asset structure on capital structure in real estate and property companies on the stock exchange Indonesian securities 19 (1), 131–141.
Lasut, SJ., Rate, P. Van, & Ch., RM (2018).. The Influence of Company Size, Profitability, and Liquidity on Capital Structure in Automotive Companies Listed on the Indonesia Stock Exchange 2012-2015 PERIOD . EMBA Journal: Journal of Economics, Management, Business And Accounting Research , 6 (1), 11–21.
Mardiana (2011). Analysis of Factors That Influence the Capital Structure of Manufacturing Companies Listed on the Indonesian Stock Exchange for the 2006-2010 Period. Ak-IBS Economic Journal 10(2).
Naray, AR, & Mananeke, L. (2015). The Effect of Sales Growth, Asset Structure, and Sales Size on Capital Structure in Government Banks in Book Category 4. EMBA Journal , 3 (2), 896–907.
Ninla Elmawati Falabiba. (2019). Chapter I.pdf (Issue 2009, pp. 1–4).
Nursiam, & Aprillia, N. (2021). The Influence of Company Size, Liquidity, Profitability, and Business Risk on the Capital Structure of Pharmaceutical Companies. Widyagama University Malang Management E-Journal , 2 (Wnceb), 228–238.
Pangaribuan, SEB (2020). Analysis of Factors that Influence the Capital Structure of Automotive Sub-Sector Manufacturing Companies and Their Components Listed on the Indonesian Stock Exchange 2015-2018. Journal of Regional & Urban Development , 1 (3), 82–91.
Puspawardhani, N. (2014). The Effect of Sales Growth, Profitability, Asset Structure and Company Size on Capital Structure in Tourism and Hospitality Companies in Bei. Udayana University Management E-Journal , 3 (7), 2050–2065.
Rahman, F. (2018). Analysis of Capital Structure in Increasing Profitability at PT. Tigaraksa Satria. In Computers and Industrial Engineering (Vol. 2, Issue January, p. 6).
Rista, Yohana (2016). Analysis of the Factors Affecting the Capital Structure of Manufacturing Companies in the Automotive Sub Sector and Their Components Listed on the Indonesia Stock Exchange. Journal of Business Economics 15(2).
Samantha, R., & Almalik, D. (2019). Effect of Asset Structure, Profitability, Asset Growth, Sales Growth and Liquidity on Capital Structure , 3 (2), 58–66. http://www.tjyybjb.ac.cn/CN/article/downloadArticleFile.do?attachType=PDF&id=9987
Sari, SY, Ramadhani, D., & Yulia, Y. (2021). Effect of Business Risk, Asset Structure, Company Size, and Sales Growth on Capital Structure. Journal of Ecobiology , 4 (5), 10–19. https://doi.org/10.35134/ekobistek.v8i2.45
Sawitri, NPYR, & Lestari, PV (2015). Sales Growth Against. In Unud Management E-Journal (Vol. 4, Issue 5, pp. 1238–1251).
Siti Nurlaela, SAMD (2017). The Influence of Company Size, Asset Growth, Profitability and Sales Growth on the Capital Structure of Cosmetics and Household Companies on the Indonesian Stock Exchange. In Journal of Accounting and Tax (Vol. 18, Issue 01). https://doi.org/10.29040/jap.v18i01.81
www.idx.co.id
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2025-03-31
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