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The Effect of Profitability, Asset Structure, Non-Debt Tax Shield, and Firm Size on Capital Structure

In: Proceedings of the Thirteenth International Conference on Entrepreneurship and Business Management UNTAR 2024 (ICEBM 2024)

Author

Listed:
  • Jessica Jessica

    (Universitas Tarumanagara, Faculty of Economics and Business)

  • Sofia Prima Dewi

    (Universitas Tarumanagara, Faculty of Economics and Business)

Abstract

The study endeavors to furnish empirical substantiation concerning the effect of profitability, asset structure, non-debt tax shield, and firm size on capital structure. Capital structure is assessed by DER, profitability is assessed by ROA, asset structure is assessed by SA, non-debt tax shield is assessed by NDTS, and firm size is indicated by SIZE. The research utilizes secondary data sourced from companies in the consumer non-cyclicals sector listed on the Indonesia Stock Exchange from 2021 to 2023. A purposive sampling technique was employed, yielding 30 companies for analysis. Data analysis was implemented through the use of E-Views version 12. The study reveals that profitability, asset structure, and firm size have no effect on capital structure, whereas non-debt tax shield has a positive on capital structure.

Suggested Citation

  • Jessica Jessica & Sofia Prima Dewi, 2025. "The Effect of Profitability, Asset Structure, Non-Debt Tax Shield, and Firm Size on Capital Structure," Advances in Economics, Business and Management Research, in: Keni Keni & Teoh Ai Ping & Linda Lin-Chin Lin (ed.), Proceedings of the Thirteenth International Conference on Entrepreneurship and Business Management UNTAR 2024 (ICEBM 2024), pages 253-262, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-809-7_20
    DOI: 10.2991/978-94-6463-809-7_20
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