Factors Affecting the Capital Structure of Non-financial Business Entities Listed in the IDX for the 2016–2020 Period

Abstract This research aims to analyze the determinants of a firm’s factors that influence capital structure. The variables used were profitability, growth, tangibility, non-debt tax shield, liquidity, and size. quantitative approach by using multiple linear regression. samples from all non-financial sector companies listed on Indonesia Stock Exchange issued financial statements in 2016–2020 not under delisting process. final utilized this equal 1,650 observations. fixed effect model, findings indicate shield has no significant structure, while size have debt for period 2016–2020.