Determinant of Capital Structure in Consumer Non-Cyclicals Sectors Listed on Indonesia Stock Exchange

Nur Mentari () and Erni Masdupi
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Nur Mentari: Universitas Negeri Padang
Erni Masdupi: Universitas Negeri Padang

A chapter in Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-10 2022), 2025, pp 1120-1128 from Springer

Abstract: Abstract The goal of this research is to examine the effects of firm size, growth, and asset tangibility on the capital structure. A quantitative approach was employed, concentrating on firms in the Consumer Non-Cyclicals Sector listed on the Indonesia Stock Exchange. Purposive sampling was applied to select 51 companies, resulting in 255 observations for analysis. Panel data regression, using Stata version 17, was conducted. The findings show that firm size and asset tangibility negatively affect capital structure, whereas growth has a positive influence on the capital structure in the Consumer Non-Cyclicals Sector.

Keywords: capital structure; firm size; growth; tangibility (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-839-4_92

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DOI: 10.2991/978-94-6463-839-4_92

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