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

DOI

10.2991/978-94-6463-839-4_92How to use a DOI?

Keywords

capital structure; firm size; growth; tangibility

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.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Nur Mentari
AU  - Erni Masdupi
PY  - 2025
DA  - 2025/09/16
TI  - Determinant of Capital Structure in Consumer Non-Cyclicals Sectors Listed on Indonesia Stock Exchange
BT  - Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)
PB  - Atlantis Press
SP  - 1120
EP  - 1128
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-839-4_92
DO  - 10.2991/978-94-6463-839-4_92
ID  - Mentari2025
ER  -