Abstract :
This study aims to determine the effect of asset structure variables, profitability,
and liquidity on capital structure. The type of research used in this study is
quantitative (Causality Research). The dependent variable in this study is the
structure of assets (SA), profitability (ROA), and liquidity (CR) and capital
structure (DAR) as independent variables. This study uses secondary data from
2015-2017. This study uses 312 companies listed on the IDX based on the
purposive sampling method. The data analysis technique used is multiple linear
regression analysis using the SPSS program. The results of this research prove
that the structure of assets, profitability, and liquidity have a negative influence
on capital structure policies. Based on this, it was concluded that H2 and H3 were
accepted while H1 was rejected.
Keywords: asset structure, profitability, liquidity, capital structure