Publication Search

The consumer non-cyclical sector in Indonesia has continued to demonstrate a growing contribution to the national economy,given that this sector is directly related to the provision of goods needed by the community on a daily basis. This study aims to determine the partial effects of Sales Growth, Asset Structure, Company Size, and Profit on Capital Structure. The population determination technique used non-probability sampling, specifically purposive sampling, with a research pupulation of 129 companies in the non-cyclical consumer sector and a research sample of 74 companies in the non-cyclical consumer sector, with analysis using multiple linear regression through SPSS version 27 and Microsoft Office 2024. The results indicate that Sales Growth does not affect Capital Structure, Asset Structure has a positive and significant effect on Capital Structure, Company Size does not affect Capital Structure, and Profitability has a negative and significant effect on Capital Structure

This study aims to analyze the effect of asset growth, capital structure, and asset structure on the profitability of PT Astra Graphia Tbk during the period 2016–2023. The research employs a quantitative approach with a causal research design using secondary data derived from the company’s quarterly financial statements. A total of 32 quarterly observations were selected through purposive sampling. Profitability is measured using Return on Equity (ROE), while data analysis is conducted using multiple linear regression. Prior to hypothesis testing, classical assumption tests including normality, multicollinearity, heteroskedasticity, and autocorrelation tests were performed to ensure the robustness of the regression model. The results indicate that asset growth, capital structure, and asset structure simultaneously have a significant effect on firm profitability. However, partially, only asset structure has a significant effect on profitability, while asset growth and capital structure show no significant influence. These findings suggest that efficient asset composition plays a more critical role in improving profitability than mere asset expansion or increased leverage. The managerial implication of this study highlights the importance of optimizing asset structure to enhance the firm’s ability to generate sustainable profits.

Tanah ekspansif merupakan jenis tanah bermasalah yang memiliki potensi mengembang dan menyusut secara signifikan akibat perubahan kadar air, sehingga dapat menimbulkan kerusakan pada struktur perkerasan jalan, pondasi bangunan, maupun infrastruktur lainnya. Upaya stabilisasi kimia merupakan metode yang umum digunakan untuk meningkatkan sifat teknis tanah tersebut. Penelitian ini bertujuan untuk mengevaluasi efektivitas campuran semen dan magnesium carbonate (MgCO₃) dalam meningkatkan karakteristik fisik dan mekanis tanah ekspansif. Metodologi penelitian mencakup pengambilan sampel tanah ekspansif dari lapangan, pengujian sifat fisik serta pengujian mekanis meliputi uji pemadatan dan uji CBR. Variasi campuran semen sebesar 5% dan MgCO₃ sebesar 5-15% dari berat kering tanah. Hasil penelitian menunjukkan penambahan semen dan MgCO₃ mampu menurunkan plastisita, meningkatkan kepadatan dan nilai CBR secara signifikan dibandingkan kondisi tanah asli. Variasi paling efektif diperoleh pada 5% semen dan 15% MgCO₃ dengan nilai CBR unsoaked sebesar 16,35% dan CBR soaked sebesar 7,13%. Hasil ini menunjukkan MgCO₃ berperan sebagai aktivator mineral yang mempercepat reaksi pozzolanik dan meningkatkan pembentukan matriks pengikat pada butiran tanah. Campuran semen dan MgCO₃ dapat menjadi alternatif bahan stabilisasi yang efektif untuk perbaikan tanah ekspansif.

Supercapacitor electrode material bassed on Pelepah Enceng Gondok Activated Carbon (KAPEG have been developed for increasing the performance of the supercapacitor application. The activated carbon surface structure and its properties strongly depend on the pyrolysis temperature and the type of activation methods. The bamboo carbon has been fabricated using pyrolysis method. The KAPEG was produced using chemical activation with H3PO4 as activation agent with variation of temperature activation 750oc have been carried out. Characterization of the surface structure (functional groups vibration) of bamboo carbon (CB) pyrolysis and the Pelepah enceng Gonddok activated carbon (KAPEG) were carried out using FTIR. The aim of this research is  to identify the functional groups vibration. he FTIR rssults shows absorption peeaks of functional groups of -OH, C=O, C-O, C-H and C-C vibration. The increasing of wavenumber of absorption peaks of functional groups -OH stretching, C=O stretching and C-H indicate that the functional groups bond for KAPEG samples becomes more stronger than for KPEG sample. The conclusion of this research are: the increasing of wavenumber of absorption peaks for functional groups indicates of more stronger of functional groups bond.

This research aims to examine the effect of Return on Equity (ROE), Asset Structure, and Current Ratio (CR) on Capital Structure in the company PT Mayora Indah Tbk, which is listed on the Indonesia Stock Exchange (IDX) for the period 2015–2023. The data used in this study are secondary data obtained from the company’s annual financial reports during the research period. The research employs a quantitative approach, and the data sources are documentary in nature, focusing on publicly available financial statements.The analytical method used is multiple linear regression analysis, with data processing performed using SPSS software. This method allows the researcher to assess the impact of each independent variable on the dependent variable both partially and simultaneously. The results of the partial hypothesis testing indicate that the Return on Equity (ROE) variable has a positive and significant effect on Capital Structure, suggesting that higher profitability encourages the company to utilize more debt financing. On the other hand, the Asset Structure variable shows no significant negative effect on Capital Structure, indicating that the proportion of fixed assets does not play a decisive role in influencing capital structure in this case. Meanwhile, the Current Ratio (CR) has a negative and significant effect, implying that companies with higher liquidity tend to rely less on external debt. Simultaneously, the three variables—ROE, Asset Structure, and CR—have a significant influence on Capital Structure. These findings can serve as a reference for corporate financial management in optimizing capital structure decisions.

This study aims to determine the Influence of Asset Structure, Current Ratio, Firm Size and Sales Growth Relative to the Company's Capital Structure. The research population is a household appliance sub-sector manufacturing company listed on the Indonesia Stock Exchange. Sample selection using Purposive Sampling. The research period is 2019-2023. The data analysis technique used is multiple linear regression processed with IBM programs Statistical Package for Social Science (SPSS) Version 26. The results of the study show that the Asset Structure and Current Ratio have a negative and significant effect on the Capital Structure. Company Size and Sales Growth have no effect on the Capital Structure.

The covid-19 pandemic has had a major impact on the economic and health sectors in indonesia. The health and technology sectors have experienced significant growth due to changes in economic behavior resulting in increased public demand for health and technology products. However, the challenge that arises is the financial resilience of companies in both sectors amid significant economic growth. This can be seen from capital structure policy of companies in both sectors. This study aims to analyze the effect of profitability, asset structure, company size, and growth opportunities on capital structure in health and technology companies listed on the IDX for the 2019-2022 period by taking into account the completeness and suitability of the data during that period. This study used purposive sampling technique to obtain 21 companies as research samples. This research was conducted using a quantitative method with a data panel data regression approach by adopting the Fixed Effect Model as the best model and processed using the Eviews 13 application. The results of the analysis show that profitability has a negative effect on capital structure, while company size and growth opportunities have a positive effect on capital structure, while asset structure has no effect on capital structure.

This research aims to determine the effect of Current Ratio, Return on Asset, Asset Structure and Managerial Ownership on Capital Structure. The population in this research is companies that are members of Index LQ45 listed on the Indonesia Stock Exchange in financial reports for the 2019-2023 period. The sampling technique in this research used a purposive sampling method and a sample of 18 companies was obtained. The analysis technique used is multiple linear regression analysis using IBM SPSS version 22. software. The results of this research show Current Ratio and Return on Asset have a negative and significant effect on Capital Structure, Asset Structure have a positive and significant effect on Capital Structure, while Managerial Ownership has no effect on Capital Structure.

This research examines the impact of Asset Structure, Debt to Assets Ratio, Return on Equity, and Dividend Payout Ratio on Price to Book Value. It focuses on non-banking firms listed in the LQ45 Index on the Indonesia Stock Exchange from 2019 to 2023. Utilizing secondary data and purposive sampling, the study analyzed a sample of 16 non-banking companies out of a population of 38. Multiple linear regression analysis was conducted using SPSS version 22. The results show that Debt to Assets Ratio, Return on Equity, and Dividend Payout Ratio affect Price to Book Value, while Asset Structure does not. Asset Structure does not..

This study aims to determine the effect of profitability, asset structure, company size and dividend policy on capital structure (empirical study on food and beverage subsector companies listed on the Indonesia Stock Exchange for the 2018-2023 period). The type of data used in this study is secondary data obtained from documentation in the form of financial statements of Food and Beverage companies. The total population in this study was 95 companies, sample selection was carried out by the Purposive Sampling method. So that a sample of 19 companies was obtained, the independent variables used were Profitability, Asset Structure, Company Size and Dividend Policy, the dependent variable used was Capital Structure. Data analysis was carried out quantitatively and the analysis methods used in this study were in the form of multiple linear regression and classical assumption tests including normality test, multicollinearity test, heteroscedasticity test and autocorrelation test. Data testing in this study used Statistical Package for Social (SPSS) Version 25.0. The results showed that Profitability had a significant negative effect on Capital Structure, Company Size had a significant positive effect on Capital Structure, while Asset Structure and Dividend Policy did not affect Capital Structure.

This study aims to determine the effect of sales growth, profitability, asset structure and liquidity on capital structure which is proxied by the Debt to Equity Ratio with a population covering all food and beverage sub-sectors. Companies listed on the Indonesia Stock Exchange during the observation period, namely 2019-2023. Of all the food and beverage companies listed on the IDX, we selected 12 companies using a purposive sampling technique. Then to determine the effect of the independent variables on the dependent variable, all secondary data is processed according to the indicators used and multiple linear regression analysis is performed. The results of this study indicate that profitability (ROA) and liquidity have an effect on capital structure (DER) based on the significance value of the t test of 0.001 or less than 0.05 and 0.17 or less than 0.05. Thus, the hypothesis that profitability and liquidity affect the capital structure can be accepted. While the variable sales growth and asset structure have no effect on capital structure (DER) because the significance level of the t test is 0.225 and 0.965 or greater than 0.05. Therefore, the hypothesis that profitability and liquidity affect capital structure (DER) is unacceptable.    

This research aims to analyze and test the influence of company size, asset structure and sales growth on capital structure. This research method uses a quantitative type of research. The data used in this research is secondary data in the form of company annual financial reports obtained through the official website of the Indonesia Stock Exchange. The sampling technique used was purposive sampling so that 32 companies were obtained from 84 companies listed on the Indonesia Stock Exchange (BEI) and the number of observations was 128 sample data. Data processing in this research uses Eviews 12 software. The results of this research show that company size has a significant effect on capital structure, asset structure has no significant effect on capital structure, and sales growth has a significant effect on capital structure.

The research aimed to return on asset, current ratio, company size and assets structure on capital structure at property and real estate companies in indonesia stock exchange year of 2020-2022. The selected sample were 64 companies through purposive sampling. Souurces of data used secondary data with data collection through documentation. The data analysis technique used multiple linear regression. The results showed that the return on asset has a positive and signification effect on capital structure. Current ratio has a negative and signification effect on capital structure. Company size does not have a signification effect on capital structure. Asset structure has a positive and signification effect on capital structure.

This research was carried out on industrial companies on the Indonesian Stock Exchange (IDX) with the title "Analysis of the influence of profitability, asset structure and liquidity on the capital structure of textile and garment industrial companies listed on the IDX". This research uses quantitative data with secondary data sources. This research uses methodspurposive sampling, The sample data in this research is 18 samples from the 2019-2021 period. This research uses multiple linear analysis techniques, partially this research states that 1) Profitability has a significant effect on capital structure, 2) Asset structure has a significant effect on capital structure, 3) Liquidity has a significant effect on capital structure, 4) profitability, structure assets and liquidity together (simultaneously) have a significant effect on capital structure. In the determination test it was found that the magnitude of the influence of profitability, asset structure and liquidity on capital structure was 93.6%, while it was 6.4% (100% - 93 .6%) is influenced by other factors on the capital structure of companies in the Textile and Garment Sub-Sector Industry for the 2019-2021 period, explained by variables outside the independent variables of this research.

This study aims to determine the effect of profitability, asset structure, company age, and company size on company value in property and real estate sector companies listed on the Indonesia Stock Exchange for the 2017-2022 period as many as 85 companies. The data used in this study was obtained from financial statement data and annual reports. The population in this study is property and real estate sector companies listed on the Indonesia Stock Exchange. The sampling technique used was the purposive sampling method and obtained 258 sample data from 43 companies. The analysis technique used in this study is a multiple linear regression analysis test using the Statistical Package for the Social Sciences (SPSS) program version 22. The results of this study show that profitability and company age have a positive and significant effect on company value, while asset structure and company size have no effect on company value.

This research aims to analyze the effect of Business Risk and Asset Structure on the Capital Structure of Manufacturing Companies in the Basic and Chemical Industry Sector listed on the Indonesia Stock Exchange. The sample in this study were 35 basic and chemical industry sector companies listed on the Indonesia Stock Exchange using the Purposive Sampling method for the 2018-2020 period. Based on multiple linear regression analysis, the variables of Business Risk and Asset Structure have an effect on Capital Structure with the equation Y = 2,968 – 7,865X1 – 2,355X2 + e. From the t-test, it was found that the variable X1 Business Risk had a significant effect on the Capital Structure with t count value is [-7,171] > t table [1,983] and sig 0,000 < 0,05. Then H1 is accepted. Variable X2 Asset Structure had a significant effect on Capital Structure with t count value is [-4,988] > t table [1,983] and sig 0.000 <0.05. Then H2 is accepted. From the F test, it was found that Business Risk and Asset Structure have a simultaneous effect on Capital Structure with f count [32,694] > f table 3,090 and a significance 0,000 < 0,05. Then H3 is accepted. From the coefficient of determination test the value of R square is 0.391. This means that the independent variables of Business Risk and Asset Structure affect the Capital Structure by 39.1% while the remaining 60.9% is influenced by other variables.

Tujuan penelitian ini adalah untuk mengetahui hasil perhitungan rasio keuangan pada PT. Subur Mekar Abadi Sibolga berdasarkan laporan neraca dan laporan laba rugi period 2019 s.d 2021. Kerangka pemikiran penelitian ini adalah mengukur rasio keuangan PT. Subur Mekar Abadi Sibolga menggunakan rasio keuangan yang terdiri dari rasio likuiditas dan struktur modal. Dari hasil penelitian disimpulkan bahwa perhitungan rasio likuiditas PT. Subur Mekar Abadi Sibolga yaitu Current Ratio selama tiga tahun berturut-turut dapat dikatakan bahwa PT. Subur Mekar Abadi Sibolga dalam keadaan mampu melunasi kewajiban. Perhitungan debt rasio PT. Subur Mekar Abadi Sibolga pada struktur modal sebesar 23%, 24% dan 41%. Perputaran aktiva tetap sudah mampu memaksimalkan. Perputaran total  aktiva menunjukkan pendapatan tidak sebesar total aktiva yang dimiliki.    

Analisa keuangan perusahaan perlu dilakukan untuk mengetahui prestasi dan kinerja perusahaan yang berguna untuk kepentingan manajemen perusahaan. Dengan mengetahui prestasi dan kinerja perusahaan diharapkan dapat digunakan sebagai dasar pengambilan keputusan-keputusan strategis perusahaan sehingga dapat sukses dalam persaingan global baik dalam negeri maupun luar negeri. Penelitian ini bertujuan untuk menganalisis Pengaruh Struktur Aktiva dan Ukuran Perusahaan Terhadap Struktur Modal Pada Perusahaan Sektor Aneka Industri Sub Sektor Otomotif dan Komponen Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019. Penelitian ini menggunakan data sekunder dengan cara dokumentasi dari dokumen-dokumen yang ada di Bursa Efek Indonesia. Sampel dalam penelitian ini ada 6 perusahaan sub sektor otomotif dan komponen. Metode pengambilan sampel menggunakan metode purposive sampling yaitu teknik penentuan sampel dengan kriteria-kriteria tertentu yang telah ditentukan peneliti terhadap obyek yang diteliti. Hasil penelitian menunjukkan bahwa Struktur aktiva tidak berpengaruh signifikan terhadap Struktur Modal, sedangkan Ukuran Perusahaan berpengaruh positif secara signifikan terhadap Struktur Modal. Secara simultan Struktur Aktiva dan Ukuran Perusahaan berpengaruh terhadap Struktur Modal.    

Corporate financial management is one of the most important activity in keeping the sustainability of the corporate. Corporate prefers using internal financial sources, retained earnings, rather than external financial sources. However, if the internal financial sources cannot meet operating cost, then an alternative option of external financial sources is debt, and the last alternative is issuing new shares.  This research aims to examine and analyze the effect of dividend policy, profitability, assets structure, and corporate size on corporate debt policy. This research uses financial report of manufacturing companies listed in Indonesian Stock Exchange in 2014 – 2018 as observation data. Sampling method used is purposive sampling method. The analytical method used in this research is multiple regression analysis, analyze using application SPSS version 21. The results of this study prove that corporate size has a positive and significant effect toward corporate debt policy, meanwhile dividend policy, profitability, and assets structure do not have effect toward corporate debt policy. The value of Adjusted R2 is 0.452, it shows that independent variables are able to explain dependent variable as much as 45.2% and the remaining 54.8% explained by other variables outside the model.  Key words : dividend policy, profitability, assets structure, corporate size, and debt policy

The capital market is one of the alternative sources of long-term funding among various other alternatives for companies that need funds for the sustainability of the company. The capital market has an important role for the economy of a country because the capital market performs a function, namely as a means for business funding or as a means for companies to obtain funds from the investor community.   For this reason, it is necessary to expand research that is supported by a basic theory, so the problem of factors capable of predicting changes in stock prices is proposed, where there are two variables that are thought to have an effect on changes in stock prices in this study. The two variables are asset structure and firm size. In addition, based on various previous research results, it was found that there were gaps or inconsistencies in the research results (gap research) conducted by researchers. On this basis, the title adopted from this research is "The Effect of Asset Structure and Company Size on Share Prices in Pharmaceutical Sub-Sector Companies on the Indonesia Stock Exchange".