ARTICLE
TITLE

THE EFFECT OF PROFITABILITY, LIQUIDITY, GROWTH SALES, OPERATING LEVERAGE AND TANGIBILITY ON CAPITAL STRUCTURE (evidence from manufacture firm listed on Indonesia stock exchange in 2011- 2014)

SUMMARY

The  purpose  of  this  study  is  to  know  the  effect  of profitability, liquidity, sales growth, operating leverage and tangibility on capital structure: evidence from manufacture firm listed on Indonesia Stock Exchange in 2011-2014. The sample using in this study is 41 companies. The research model in this study employs panel data analysis (unbalanced panel) with fixed effect approach. The result show that profitability and liquidity have negative and significant effect on capital structure. Sales growth and operating leverage have positive but not significant effect on capital structure. Tangibility have negative and not significant effect on capital structure.  Key words:  Profitability, liquidity, sales growth, operating leverage, tangibility, capital structure, manufacture firm

PAGES
pp. 96 - 116

 Articles related

Maxwell M. Taylor    

Bullwhip effect is a threat observed in multi-echelon supply chains, which is one of the prominent indicators of inefficiencies in a supply chain. Primarily, bullwhip effect occurs as a result of disruptions in information and materials flow, lead-time d... see more


Thea L. Voogt    

AbstractVery little country-specific information is available on the effects of the global financial crisis on developing countries. This article focuses on the effects of the global financial crisis on the chief financial officers (CFOs) of the 40 large... see more


Solomon M. Semakula-Katende,Erik D. Schmikl,Theuns Gert Pelser    

AbstractOrientation: Focus was on the role of reward and attitudes as major determinants in enhancing the effectiveness of performance appraisal systems. Research purpose: To develop a structural model from the qualitative and quantitative findings from ... see more


A. S. Engelbrecht,A. S. Van Aswegen,C. C. Theron    

AbstractEthical leaders are ultimately responsible for developing a strong and sustainable ethical climate in organisations. Ethical values and the ability to influence followers to internalise these values have become prerequisites for effective leaders... see more


Anel A Kireyeva    

The aim of this research is to develop new theoretical approaches of the formation of IT clusters in order to strengthen of trend of the innovative industrialization and competitiveness of the country. Keeping with the previous literature, this study det... see more