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THE EFFECT OF ASSET STRUCTURE, FIRM SIZE, OPERATING LEVERAGE, AND SALES GROWTH ON CAPITAL STRUCTURE IN IDX80 INDEX COMPANIES LISTED ON THE IDX IN 2020-2022

Abstract

This study aimed to analyze the effect of Asset Structure, Firm Size, Operating Leverage, and Sales
Growth on Capital Structure in IDX80 Index Companies Listed on the Indonesia Stock
Exchange2020-2022. The type of research is quantitative research using secondary data sourced
from annual financial reports published on the Indonesia Stock Exchange for 2020-2022. The
population in this study is the IDX80 index company listed on the Indonesia Stock Exchange in
2020-2022. The sample selection in this study using purposive sampling, namely 42 companies
that have been selected with predetermined criteria. Data collection techniques in this study using
documentation techniques. Methods of data analysis using multiple linear regression analysis. The
results of this study indicate that 1) Asset Structure has a significant negative effect on capital
structure. 2) Firm Size has a significant negative effect on capital structure. 3) Operating
Leverage has a significant negative effect on capital structure. 4) Sales growth has a significant
positive effect on capital structure. 5) Asset Structure, Firm Size, Operating Leverage, and Sales
Growth simultaneously have a significant effect on capital structure