PENGARUH UKURAN PERUSAHAAN, RISIKO BISNIS DAN PERTUMBUHAN ASET TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA TAHUN 2020-2021

The problem in this study is the extreme fluctuations in the value of the capital structure in manufacturing companies on the Indonesia Stock Exchange. Capital structure is the balance between total debt and total equity of the company where the capital structure can be an important problem for the company because a bad capital structure will affect the company's survival. The purpose of this study is to determine the effect of firm size, business risk, and asset growth on the capital structure in manufacturing companies on the Indonesia Stock Exchange in 2020-2021.The population in this study are all manufacturing companies on the Indonesia Stock Exchange in 2020-2021. The data collection technique used was purposive sampling method, with a total sample of 86 companies. The period contained in this study is 2 years, namely 2020-2021, so there are 172 research data. The data collection technique used is to download financial reports from the website www.idx.co.idor the official website of the company under study. The data analysis technique of this research consisted of descriptive statistical analysis, classical assumption test, multiple linear regression analysis, and hypothesis testing.
The results of the study show that firm size, business risk, and asset growth simultaneously affect capital structure. Partially, the firm size variable has a significant effect on capital structure, while the business risk variable and asset growth variable have no effect on capital structure.