PENGARUH GROWTH OPPORTUNITY, BUSINESS RISK DAN PROFITABILITAS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2021

Abstract

This study aims to examine and analyze the Effect of Growth Opportunity, Business Risk and Profitability on Capital Structure in Mining Companies listed on the Indonesia Stock Exchange in 2017-2021. This research includes quantitative research. The data used in this study are the annual financial statements of mining companies listed on the Indonesia Stock Exchange in 2017- 2021. The sampling technique used was the purposive sampling method. The population is 69 companies. Samples that meet the criteria are 8 companies. The analytical technique used in this study is multiple linear regression analysis with the help of the SPSS program. Based on the results of data analysis using SPSS 25, it shows that growth opportunity partially has a negative and insignificant effect on capital structure with a significance value of -4.610, business risk partially has a significant negative effect on capital structure with a significance value of 0.224, and profitability partially has a positive effect. and significant to the capital structure with a significance value of 0.005. Simultaneously the variables of Growth Opportunity, Business Risk and Profitability on Capital Structure with a significance value of 0.200