Abstract

This study aims to examine and analyze the determinants of the development of the capital structure of food and beverage companies listed on the Indonesia Stock Exchange (IDX) 2012-2016 period. Research data is secondary data for a 5-year observation period. The sampling method used is purposive sampling. Of the population of 16 food and beverage companies listed on the IDX, 11 companies met the criteria of being a sample. The analytical method used in this study is panel data regression. The results of the study show that firm size and profitability have a significant positive effect, but the structure of assets and liquidity does not affect the capital structure.

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