Pengaruh Variabel Profitabilitas, Pertumbuhan Dan Dinamika Lingkungan Pada Perusahaan Manufaktur Di Bursa Efek Indonesia

Abstract

The research aimed at measuring and analyzing the influence of profitability,growth and environmental dynamic to the capital structure at the manufacturing sectorat Indonesian Stock Exchange. The results are expected able to enrich knowledge in thefinancial management, especially capital structure. By using religiosity approach thatsuggest the debt should be responsible for the use by integrating the profitabilityvariable, growth and environmental dynamic and the welfare of the companies ownerand industries and give benefit for academics and practitioners especially go publiccompanies in the Indonesian stock exchange.The populations are manufacturing companies that listed since 2005 to 2009that are 106 companies. The sampling method by using census or saturated sample. Theresearch by using qualitative method and analysis method by path analysis.The results stated that (1) profitability increase able to decrease the debtproportion in the capital structure (2) the growth increase unable to increase the debtproportion in the capital structure (3) the environmental dynamic increase decrease thedebt proportion in the capital structure.