Proceedings of the Thirteenth International Conference on Entrepreneurship and Business Management UNTAR 2024 (ICEBM 2024)

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The Effect of Profitability, Asset Structure, Non-Debt Tax Shield, and Firm Size on Capital Structure

Authors
Jessica Jessica1, Sofia Prima Dewi2, *
1Faculty of Economics and Business, Universitas Tarumanagara, Jakarta, Indonesia
2Faculty of Economics and Business, Universitas Tarumanagara, Jakarta, Indonesia
*Corresponding author. Email: sofiad@fe.untar.ac.id
Corresponding Author
Sofia Prima Dewi
Available Online 13 August 2025.
DOI
10.2991/978-94-6463-809-7_20How to use a DOI?
Keywords
Profitability; Asset Structure; Non-Debt Tax Shield; Firm Size; Capital Structure
Abstract

The study endeavors to furnish empirical substantiation concerning the effect of profitability, asset structure, non-debt tax shield, and firm size on capital structure. Capital structure is assessed by DER, profitability is assessed by ROA, asset structure is assessed by SA, non-debt tax shield is assessed by NDTS, and firm size is indicated by SIZE. The research utilizes secondary data sourced from companies in the consumer non-cyclicals sector listed on the Indonesia Stock Exchange from 2021 to 2023. A purposive sampling technique was employed, yielding 30 companies for analysis. Data analysis was implemented through the use of E-Views version 12. The study reveals that profitability, asset structure, and firm size have no effect on capital structure, whereas non-debt tax shield has a positive on capital structure.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the Thirteenth International Conference on Entrepreneurship and Business Management UNTAR 2024 (ICEBM 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
13 August 2025
ISBN
978-94-6463-809-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-809-7_20How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jessica Jessica
AU  - Sofia Prima Dewi
PY  - 2025
DA  - 2025/08/13
TI  - The Effect of Profitability, Asset Structure, Non-Debt Tax Shield, and Firm Size on Capital Structure
BT  - Proceedings of the Thirteenth International Conference on Entrepreneurship and Business Management UNTAR 2024 (ICEBM 2024)
PB  - Atlantis Press
SP  - 253
EP  - 262
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-809-7_20
DO  - 10.2991/978-94-6463-809-7_20
ID  - Jessica2025
ER  -