FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR GO PUBLIC DI BEI TAHUN 2008-2010

The objectives of this research were to analyze whether the size of the firm, the business risks,
the growth of assets, the profitability and the ownership structure influence the capital structure.
The population in this research was the go public manufacturing firm in the Bursa Efek
Indonesia for years 2008 until 2010. The sample was obtained using cluster propotional random
sampling. There were 33 go public manufacturing companies selected as sample for this
research. There are two variables in this research, the independent variable and the dependent
variable. The independent variable comprises firm size, business risk, growth of assets, and
profitability; and for the dependent variable is the capital structure of go public manufacturing
companies in the BEI. This research was analyzed using multiple regressions.
This research partially shows that, SIZE has positive and significant influence, NPM has
negative and significant influance to the capital structure of go public manufacturing companies
in the Bursa Efek Indonesia. While the result of partial test for DOL and GROW didn’t influence
significantly to the capital structure. The result for the simultaneous test shows that there is
influence between SIZE, DOL, GROW, and NPM with the capital structure of go public
manufacturing companies in the Bursa Efek Indonesia. Magnitude of the coefficient of
determination is 0,182 or 18,2%. The other 81.8% influenced by another factors outside the
research or the regression model.