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Determinants of Company Capital Structure (Empirical Study on Lq-45 Index Companies on the Indonesia Stock Exchange)


contributor author FIKRI BUDI AULIA
date accessioned Thu, 26 February 2026
date available Thu, 26 February 2026
date issued Kamis, 17 Desember 2020
description abstract This study aims to prove empirically that sales growth, profitability, asset structure, business risk, financial risk, tax, Firm growth and firm size are determinants of the capital structure decisions of companies incorporated in the LQ45 index on the Indonesia Stock Exchange. The sample was taken using purposive random sampling, and the collected panel data were analyzed using panel data regression. The results showed that the independent variables that had a significant effect on the capital structure proxied by the debt to asset ratio (DAR) were: sales growth, profitability, asset structure, and firm size Keywords: sales growth, profitability, asset structure, business risk, financial risk, tax magnitude, firm growth, Firm size
subject Determinants of Company Capital Structure (Empirical Study on Lq-45 Index Companies on the Indonesia Stock Exchange)
title Determinants of Company Capital Structure (Empirical Study on Lq-45 Index Companies on the Indonesia Stock Exchange)
type

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