Analysis of Variables That Affect Capital Structure

Gusti Ayu Desy Raennita ; I Gst Ayu Eka Damayanthi
International Journal of Management Research and E... 📅 2025 Vol 3, No 2 🔗 DOI: 10.54066/ijmre-itb.v3i2.3417
Abstract
An effective capital structure has an essential role in maintaining a company's stability and competitiveness amid dynamic changes in the business environment. This study aims to provide empirical findings on the influence of profitability, asset structure, liquidity, and business risk on the capital structure of banking companies listed on the Indonesia Stock Exchange (IDX) during 2019–2023. 30 companies were selected through purposive sampling method with a total of 150 observations. Data analysis was conducted through multiple linear regression using SPSS software. The result shows that profitability has no influence on the capital structure of the banking companies. Asset structure, liquidity, and business risk have a negative influence on the capital structure of the banking companies.  The results of this study provide a theoretical contribution to the pecking order theory and trade-off theory related to the influence of profitability, asset structure, liquidity, and business risk on the capital structure of banking companies.
Keywords
asset structure; business risk; capital structure iquidity; Profitability
How to Cite

Gusti Ayu Desy Raennita & I Gst Ayu Eka Damayanthi (2025). Analysis of Variables That Affect Capital Structure. International Journal of Management Research and Economics, 3(2). https://doi.org/10.54066/ijmre-itb.v3i2.3417

Gusti Ayu Desy Raennita; I Gst Ayu Eka Damayanthi, "Analysis of Variables That Affect Capital Structure," International Journal of Management Research and Economics, vol. 3, no. 2, 2025.

Gusti Ayu Desy Raennita; I Gst Ayu Eka Damayanthi. "Analysis of Variables That Affect Capital Structure." International Journal of Management Research and Economics, vol. 3, no. 2, 2025.

Gusti Ayu Desy Raennita; I Gst Ayu Eka Damayanthi. "Analysis of Variables That Affect Capital Structure." International Journal of Management Research and Economics 3, no. 2 (2025).

Gusti Ayu Desy Raennita & I Gst Ayu Eka Damayanthi (2025) 'Analysis of Variables That Affect Capital Structure', International Journal of Management Research and Economics, 3(2). doi: 10.54066/ijmre-itb.v3i2.3417.

Gusti Ayu Desy Raennita; I Gst Ayu Eka Damayanthi. Analysis of Variables That Affect Capital Structure. International Journal of Management Research and Economics. 2025;3(2).

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