Determinants of the capital structure evidence from the property and real estate companies listed in indonesia stock exchange

The purpose of this study is to see whether business risk, asset structure, profitability, sales growth and firm size can be a determinant in the company's capital structure. the object of this study is the property and real estate industries listed on the Indonesia Stock Exchange. The data used are panel data consisting of time period from 2011 until 2015 with sample number 144 observation. The results of this study proves that only independent variables of asset structure and firm size affect on the capital structure, while other independent variables such as business risk, profitability and sales growth have no effect on the capital structure in this industry. These results provide implications for investors and creditors that the asset structure and firm size can be considered in predicting the capital structure of the industry.