Factors Influencing Capital Structure in Mining Companies Listed on the IDX for the 2018-2021 Period

Abstract

The purpose of this study was to determine the factors that influence the capital structure, namely the profitability variable, firm size variable and sales growth variable. The survey data is per time from the Indonesia Stock Exchange 2018 - 2021. The sample of this study used the purposive sampling method and obtained 11 companies. The research design in this study is a quantitative research design due to testing hypotheses to obtain data using accurate statistical data tests. The data analysis technique in this study used descriptive statistical techniques and inferential statistics. Where descriptive statistics include the maximum, minimum, mean and standard deviation values. While inferential statistics include classical assumption test, multiple linear regression test, hypothesis test, and coefficient of determination test (R2). The results in this study showed that the regression sample used did not show signs of autocorrelation test, multicollinearity test, heteroscedasticity test and normalized data. Based on the results of the T-Test obtained, profitability has a significant effect on the capital structure of mining companies listed on the Indonesia Stock Exchange for the 2018-2021 period. Company size does not significantly affect the capital structure of mining companies listed on the Indonesia Stock Exchange for the 2018-2021 period. Sales growth has no significant effect on the capital structure of mining companies listed on the Indonesia Stock Exchange for the 2018-2021 period. Based on the results of the F (simultaneous) test, it was found that simultaneously the profitability variable, firm size variable, and sales growth variable had a significant influence on the capital structure in this study.