The Effects of Profitability, Liquidity, Tangibility, Firm Size, and Asset Turnover on Capital Structure in Chemical Industry Listed on Indonesia Stock Exchange From 2014 to 2018

摘要

The aim of this research was to analyze the effects of firm's financial performance - profitability, liquidity, tangibility, asset turnover, and firm size on capital structure. Sample in this research is 8 out of 13 chemical companies which were listed on Indonesian Stock Exchange (IDX) for five consecutive years (2014 - 2018). This research used purposive sampling method and multiple regression to reveal the contribution of each independent variable to the dependent variable. The result of this research showed that profitability, liquidity, and tangibility had negative effect on capital structure, while the other two variables, firm size and asset turnover, did not affect capital structure.