Hamidah, Hamidah (2016) Analysis of factors affecting the capital structure and profitability in Indonesian’s manufacturing company year 2009 – 2013. Jurnal Keuangan dan Perbankan, 20 (2). pp. 167-175. ISSN 1410-8089

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Abstract

This study is to determine the effect of variable business risk, liquidity, growth and tangibility asset directly against leverage, as well as the influence of these variables directly to the profitability and indirectly moder-ated by leverage variable. The population studies were all manufacturing companies listed in Indonesia Stock Exchange, during year 2009 up to 2013. The sample was determined by using purposive sampling method, with the specified criteria obtained 88 sample of companies in Indonesia. This Research used financial state-ments data issued by the Indonesian Stock Exchange, and used path analysis techniques to answer the hypoth-esis of the study by using software SPSS 20.
The result shows that business risks, companies, liquidity and asset tangibility grow significantly and havenegative effect on leverage. Liquidity and companies growth donÂ’t have positive effect on profitability as well as asset tangibility and leverage, while business risk have positive effect. For the indirect effect indicates there were indirect influences on profitability were tangibility asset and liquidity. For further research , the sample can be used not only in the manufacturing sector but also other sectors.

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