Faktor Penentu (Determinant) Struktur Modal
Studi Pada Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2023
DOI:
https://doi.org/10.58192/profit.v5i3.4856Keywords:
Capital Structure, Determinant Factors, Indonesia Stock Exchange, Non-Debt Tax Shield (NDTS), ProfitabilityAbstract
The purpose of this study is to determine the factors that influence capital structure in food and beverage firms that are listed between 2018 and 2023 on the Indonesia Stock Exchange. Manufacturing firms in the consumer goods sector more especially, the food and beverage subsector, make up the study's population. The Indonesia Stock Exchange lists 83 businesses. Purposive sampling is the technique employed. Using this approach, a sample of 14 businesses was collected and monitored for six periods, yielding a total of 84 data observations. Multiple linear regression analysis was used to analyze the data using the Random Effect Model (REM) approach with the aid of the EViews application. The study's findings show that, among food and beverage companies listed on the Indonesia Stock Exchange between 2018 and 2023, profitability and Non-Debt Tax Shield (NDTS) have a negative and significant impact on capital structure, while firm size, asset structure, and company growth have a positive and significant impact.
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