The Effect of Liquidity, Profitability, Asset Growth and Company Size on Capital Structure

Source:

Based on the results of the heteroscedasticity test through the Rank Spearman correlation coefficient test above, it shows that the significance value of each independent variable is greater than 0.05. Thus it can be concluded that the data did not show symptoms of heteroscedasticity or passed the heteroscedasticity test.

Based on the results of the autocorrelation test above, it shows that the

Because the DW value is between -2 to +2, the data is declared to have no autocorrelation.

4.4

Source: Secondary data processed by the author, 2023

Based on the table above, the regression equation can be arranged as follows:

(DW) value is

The constant value is 1.100. This means that if the variables of liquidity, profitability, asset growth and company size do not change or are considered constant (value 0), then the capital structure is 1.100.

4.5

Based on the results of the F test above, it shows that the significance value is 0.000 <0.05 which means liquidity, profitability, asset growth, and company size simultaneously affect capital structure, thus this research model is feasible to use.