CHELLY APRILIA WARDHANI, 7211416145 (2020) PENGARUH STRUKTUR ASET, LIKUIDITAS, DAN UKURAN DEWAN DIREKSI TERHADAP STRUKTUR MODAL DENGAN KONSERVATISME AKUNTANSI SEBAGAI VARIABEL MODERATING. Under Graduates thesis, Universitas Negeri Semarang.

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Abstract

The sustainability of a company is largely determined by the funding policy or the composition of the capital structure made by the company's management. Capital structure is a comparison of the proportion of internal funding with external funding. A good proportion of capital structure will facilitate the company in expanding while minimizing the cost of capital that arises. The purpose of this study is to obtain empirical evidence regarding the effect of the asset structure, liquidity, and size of the board of directors on capital structure with accounting conservatism as a moderating variable. The population used is the consumer goods sector companies listed on the Indonesia Stock Exchange in 2016-2018 as many as 39 companies. The data collection technique used was the documentation technique. While the sampling technique used was purposive sampling, namely by determining some predetermined criteria. Based on this technique, 37 samples were obtained in three years of research so that the resulting analysis unit was 111. The analytical technique used was descriptive analysis and inferential statistical analysis using the IBM SPSS 21 application. The results showed that the asset structure and size of the board of directors had a positive effect on capital structure, liquidity had a negative effect on capital structure. While accounting conservatism cannot moderate the effect of asset structure on capital structure, accounting conservatism reinforces the effect of liquidity on capital structure, but accounting conservatism weakens the effect of board size on the capital structure. Based on these results, the suggestion for management is to pay attention to the optimal proportions by utilizing taxes and anticipating risks that might occur, and applying accounting conservatism practices in reporting financial information. Whereas the next researcher is expected to be able to use proxies and objects in other sectors.

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