Research Article
A Panel Data: Capital Structure of the Companies Registered in the Jakarta Islamic Index (JII)
@INPROCEEDINGS{10.4108/eai.21-9-2019.2293951, author={Wuryaningsih Dwi Lestari and Anestia Retno Kusumastuti and Ma’ruf Ma’ruf and Wafiatun Mukharomah and Muhammad Sholahuddin}, title={A Panel Data: Capital Structure of the Companies Registered in the Jakarta Islamic Index (JII)}, proceedings={Proceedings of the 1st Conference on Islamic Finance and Technology, CIFET, 21 September, Sidoarjo, East Java, Indonesia}, publisher={EAI}, proceedings_a={CIFET}, year={2020}, month={5}, keywords={capital structure jakarta syariah index panel data company size liquidity}, doi={10.4108/eai.21-9-2019.2293951} }- Wuryaningsih Dwi Lestari
Anestia Retno Kusumastuti
Ma’ruf Ma’ruf
Wafiatun Mukharomah
Muhammad Sholahuddin
Year: 2020
A Panel Data: Capital Structure of the Companies Registered in the Jakarta Islamic Index (JII)
CIFET
EAI
DOI: 10.4108/eai.21-9-2019.2293951
Abstract
The purpose of this study is to determine several variables that affect the capital structure of companies listed on the Jakarta Islamic Index (JII). This study uses 40 samples of companies registered in JII 2008-2017 that were analyzed using panel data. The results of this study differ from previous studies, especially on company size and profitability variables not significantly influence capital structure. While the liquidity variable, the company growth opportunity has a negative effect on capital structure. The results of this study contribute to capital market players to be more careful in creating the composition of capital structure, especially in terms of liquidity and growth opportunity of the company. The right capital structure strategy will produce an optimal capital structure by considering the variable liquidity and growth opportunity.