The Relationship between Asset Growth and Sales Growth with Capital Structure at PT Indocement Tunggal Prakarsa Tbk for the 2014-2023 Period
DOI:
https://doi.org/10.58174/ijimes.v1i1.15Keywords:
Asset Growth; Sales Growth; Capital StructureAbstract
This study aims to determine the relationship between asset growth and sales growth with capital structure in PT Indocement Tunggal Prakarsa Tbk for the 2014-2023 period. The method used is quantitative associative. The data analysis techniques used include descriptive statistical tests, classical assumption tests, Pearson correlation tests (Pearson product moment), multiple linear regression tests, determination coefficient tests (R2) and hypothesis tests. Based on the results of the data processing carried out, it can be concluded that there is no partial relationship between asset growth and capital structure because it has a calculated t value (0.977) < table t (2.365) and a significance level of 0.361 (>0.05). Partially, there was no relationship between sales growth and capital structure because it had a t-value calculated (1.969) < ttable (2.365) and a significance level of 0.090 (>0.05). Simultaneously, there was no relationship between asset growth and sales growth together with the capital structure because it had a value of fcalculated (2.913) < ftable (4.737) and a significance level of 0.120 (>0.05).
Downloads
References
Ananta, D., & Posmaida Damanik, E., O. (2022). The Effect of Asset Growth, Company Size, and Liquidity on Capital Structure in Investment Companies Listed on the Indonesia Stock Exchange. Journal of Economics and Business Review-Scientific Journal of Economics and Business, 341-342.
Angellika, G. (2024). The Effect of Non-Debt Tax Shield, Asset Structure, and Sales Growth on Capital Structure. EKOMA: Journal of Economics, Management, Accounting, 1807-1809.
Apriliyani, D., & Nugroho, R. D. (2024). The Effect of Current Ratio and Debt to Equity Ratio on Return on Equity at PT Bumi Serpong Damai, Tbk for the 2011-2023 Period. Scientific Journal of Economics and Management, 728.
Astuti, R. A., Ritonga, K., & Al Azhar, A. (2014). The Effect of Asset Growth, Profitability, and Sales Growth on Capital Structure in Real Estate and Property Companies Listed on the Indonesia Stock Exchange for the Period 2010-2012. JOIN, 11-12.
Azzahra, K. (2022). The Effect of Asset Growth and Sales Growth on the Capital Structure of Companies in the Primary Consumption Sector. Raflesia Scientific Journal, 63-64.
Buana, D. I., Karmawan, & Anggita, W. (2024). The Effect of Profitability, Liquidity, Asset Structure, and Sales Growth on Capital Structure in Companies in the Consumer Goods Industry Sector Listed on the Indonesia Stock Exchange in 2019-2022. Journal of Technology Economics and Management (EMT) KITA, 363-367.
Fanani, M. Z., & Pertiwi, D. A. (2022). Factors Affecting Capital Structure in Textile and Garment Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange for the 2018-2020 Period. JFAS: Journal of Finance and Accounting Studies, 149.
Gesi, B., Laan, R., & Lamaya, F. (2019). Management and Executive. Journal of Management, 53.
Hifsy, I., Firman, & Neviyarni. (2022). Implementation of Guidance and Counseling Management (POAC) for Effective Counseling Guidance Services. Journal of the Field Resource Center, 75.
Indridiani, K. R., & Heru Pyanjoto, R. G. (2023). The Effect of Business Risk, Company Size, Asset Growth, and Sales Growth on the Capital Structure of Cosmetics Companies Listed on the Indonesia Stock Exchange in 2017-2021. Journal of Management Studies, 132-135.
Julinda & Alwi. (2022). The Effect of Asset Structure and Sales Growth on Capital Structure at PT. Aneka Tambang Tbk (ANTAM). Scientific Journal of Master Management Sciences, 167-168.
Laila, S., & Yusriwati. (2024). The Effect of Sales Growth, Company Size, and Asset Structure on Capital Structure (Empirical Study of Retail Trade Companies Listed on the IDX for the 2019-2021 Period). Journal of Accounting and Finance, 40-42.
Mamnuah & Pratiwi, A. P. (2021). The Effect of Asset Structure, Asset Growth, and Sales Growth on Capital Structure with Profitability as a Moderation Variable. SAKUNTALA, Proceedings of the Bachelor of Accounting Final Project Periodically, 295-296.
Manalu, T. L., & Nusyirwan, V. I. (2024). Analysis of the Influence of Company Size and Sales Growth on Capital Structure. Journal of Accounting, Management, and Policy Planning, 9-10.
Mismawati, S. N., & Hardiyanti, W. (2023). The Effect of Business Risk, Asset Structure, and Sales Growth on the Capital Structure of Manufacturing Companies in the Consumer Goods Sector listed on the IDX in 2016-2021. COSTING: Journal of Economics, Business and Accounting, 2112-2114.
Munte, R., & Ompusungu, D. P. (2023). Corporate Financial Management Strategy to Improve Financial Performance (Financial Management Literature Review). ADVANCES in Social Humanities Research, 70.
Novita, D., Supatmin, & Sutiman. (2024). Smart Solutions for Financial Management for Early Childhood and Millennials at Latar Hati Sawangan Foundation. Journal of South Tangerang Service: JURANTAS, 102.
Nur Amin, M. A., Amirah, & Aziz, L. A. (2023). Influence Growth Opportunity, Asset Growth, Profitability, and Business Risk to Capital Structure in Property Companies and Real Estate which is listed on the Indonesia Stock Exchange in 2017-2021. Journal of Valuation : Scientific Journal of Management and Entrepreneurship Science, 137.
Rahayu, E. L., Hartono, A., & Ulfah, I. F. (2021). The Influence of Liquidity, Company Size, Profitability, and Asset Growth on Capital Structure (Empirical Study of Advertising, Printing and Media Companies Listed on the Indonesia Stock Exchange in 2017-2019). Darussalam Journal of Sharia Economics, 107-109.
Saragih, S. N., & Hariani, S. (2023). The Effect of Liquidity, Company Size, and Sales Growth on Capital Structure in Manufacturing Companies in the Consumer Goods Industry Sector on the IDX 2017-2020. Journal of Economics, 34-37.
Sari, W. I., & Aulia, E. D. (2021). The Effect of Total Asset Turn Over Debt to Asset Ratio and Sales Growth on Return on Assets of PT Ultrajaya Milk Industri Co Tbk for the Period 2010-2019. Journal of Civilization Balance, 216.
Sukiranto & Rays, M. (2023). The Effect of Profitability, Asset Structure, and Sales Growth on Capital Structure in Mining Companies Listed on the Indonesia Stock Exchange for the 2017-2020 Period. INTELLECTUAL JOURNAL, 78-79.
Wati, T. A., Anjani, H. P., Rukmiati, L., Sinaga, L. F., Minallah, N., Nirawati, L., Samsudin, A. (2022). Financial Management in the Company. Journal of Management and Business, 50.
Yanuardi & Permana, A. A. (2018). Design of Building a Financial Information System at PT Secret Discoveries Travel and Leisure Based on WEB. Journal of Informatics Engineering (JIKA) University of Muhammadiyah Tangerang, 2.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Rizki Ananda Az Zahrawaani, Supatmin
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a 