Abstract

The study aims to analyze the factors that determine the capital structure of the manufacturing companies listed in the Jakarta Islamic Index (JII) during the period of 2015 – 2018. The independent variables in this research are profitability, asset structure, company size, and growth opportunity. Samples were taken by using the purposive sampling method and obtained 10 companies as research samples. Data analysis techniques use a regression analysis of data panel. The results of the regression panel in this study showed that profitability had a significant positive effect on capital structure. The asset structure, firm size and growth opportunity variables do not significantly influence the company's capital structure. The implication of this research is that companies need to pay attention to profitability variable in determining capital structure.

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