Faktor-faktor yang Mempengaruhi Struktur Modal Perusahaan Konstruksi di Bursa Efek Indonesia periode 2009-2011

Abstract

The capital structure is a comparison between the use of their own with the use of debt, which can lead to an optimal capital structure. Given the many factors that affect the capital structure of the company, this research only limits on the variables consisted of company size, business risk, growth in assets, profitability, and ownership structure of the company's capital structure construction. The purpose of this study was to analyze the influence of company size, business risk, asset growth, profitability, and ownership structure on capital structure construction company listed on the Indonesia Stock Exchange (BEI) in the period 2009 to 2011. The study population is a construction company in Indonesia Stock Exchange sample period 2009-2011 with purposive sampling technique by 9 companies that have met the criteria. The statistical method used is multiple linear regression. The results showed that company size has a positive and significant impact on capital structure, business risk has a significant negative effect while the profitability, growth in asset and ownership structure does not affect the capital structure of construction companies listed on the Indonesia Stock Exchange (BEI) in the period 2009 to 2011 . Simultaneously prove that the size of the company, business risks, growth in assets, profitability, and ownership structure have a significant influence on the capital structure of the period 2009-2011.