PENGARUH RISIKO BISNIS, STRUKTUR AKTIVA DI MODERASI PROFITABILITAS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

This study to analyze the effect of Business Risk, Activity Structure Modified Profitability on Capital Structure.Object of this research is used the manufacturing sector listed in Indonesia Stock Exchange (IDX) in the period 2015-2019. The sampling technique in this study used purposive sampling with 275 samples. The data analysis technique of this research using Moderated regression analysis with SPSS 22.0.program. The results showed that the business risk has a negatively and significantly effect on the capital structure, asset structure has a positive and significant effect on the capital structure, profitability is able to moderate the influence of the business risk on the capital structure, profitability is no able to moderate the asset structure on the capital structure.