The Determinants of Capital Structure: The Used of Total Debt, Short Debt, Long Debt, and Bank Debt

Dyah Arini Rudiningtyas, Yuli Soesetio () and Nurokta Zila Putri Arifin
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Dyah Arini Rudiningtyas: Universitas Islam Malang, Department of Accounting, Faculty of Economic
Yuli Soesetio: Universitas Negeri Malang, Department of Management, Faculty of Economic and Business
Nurokta Zila Putri Arifin: Universitas Negeri Malang, Department of Management, Faculty of Economic and Business

A chapter in Proceedings of the BISTIC Business Innovation Sustainability and Technology International Conference (BISTIC 2023), 2023, pp 32-38 from Springer

Abstract: ABSTRACT The capital structure is an integral part of every company’s operating activities. The goal of this study is to figure out the elements that influence the capital structure of the company. In this study, the populace used all the firms listed on IDX. The study sample includes all firms listed in IDX from 2010 to 2019 a total of 700 companies. Analysis techniques used multiple regressions with the Ordinary Least Square (OLS) method. The test results showed that profitability had a considerable negative influence on the capital receipts projected with total debt and short debt. Non debt tax shield has a considerable beneficial impact on total debt. Tangibility has a strong negative impact on total and short debt, but a big favorable impact on long debt and bank debt. The dividend payout ratio has a substantial negative influence on capital structure.

Keywords: Capital Structure; Profitability; Non-Debt Tax Shield; Tangibility; Dividend Payout (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-302-3_5

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DOI: 10.2991/978-94-6463-302-3_5

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