PENGARUH PROFITABILITAS, KEBIJAKAN DIVIDEN KEPEMILIKAN INSTITUSIONAL DAN PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN REAL ESTATE DAN PROPERTI DI BEI PERIODE 2012-2018

Abstract

ABSTRACT

This study aims to analyze and examine the influence of Profitability, Dividend Payout Ratio, Institusional Onership, and Growth of sales, Capital Structure in Real Estate and Property Companies listed in Indonesian Stock Exchange in 2012-2018. The sample in this study amounted to 231 companies. This study uses secondary

data. The method used to determine the sample of this study by using purposive sampling. The result of hypothesis testing shows that: 1) ) Profitability has a negative but not significant effect on capital structure on Real Estate and Property firms listed on IDX period 2012-2018; 2) dividend policy has a positive and significant effect to capital structure on Real Estate and Property firms listed on BEI period 2012-2018; 3) institutional ownership has a negative and significant effect on the capital structure in Real Estate and Property firms listed on IDX period 2012-2018; 4) sales growth has a positive and insignificant effect on the capital structure of Real Estate and Property firms listed on the IDX for 2012-2018 period.

Keywords: capital structure , profitability, dividend payout ratio, institusional ownership, growth of sales