Hubungan antara Profitabilitas dan Struktur Aset dengan Struktur Modal pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia

Abstract

The rapidly evolving global economic dynamics encourage businesses to continue growing and improving their performance to maintain their existence. One important aspect of corporate financial management is determining an efficient capital structure. This study aims to analyze the effect of profitability and asset structure on the capital structure of banking companies listed on the Indonesia Stock Exchange (IDX). A quantitative approach was used with a purposive sampling technique in sample selection. Of the 43 banking companies in the population, 10 were selected as samples, with a total of 40 panel data observations. Profitability is measured by Return on Assets (ROA), while asset structure is seen from the proportion of fixed assets to total assets. Capital structure, as the dependent variable, is represented by the debt-to-equity ratio (DER). Data were analyzed using multiple linear regression with the assistance of statistical software. The results show that profitability has a significant negative impact on capital structure, meaning that companies with high profitability tend to rely less on debt. Meanwhile, asset structure does not have a significant impact on capital structure. However, together, profitability and asset structure have been shown to have a significant impact on capital structure in banking companies.