The relationship between capital structure, firm performance and a firm’s market competitiveness: Evidence from Indonesia

Market competitiveness shows a condition where company can enter the market and survive in that market. In an economic environment experiencing global crisis, it is important to study factors of so companies compete Therefore, this aims examine relationship between influence capital structure, firm performance, competitiveness. This took samples from manufacturing listed on Indonesia Stock Exchange (IDX) for period 2018 2020. The data collected are panel quantitative nature, analyzed by multiple regression, which processed using Eviews 9 software. variables used debt asset ratio, equity current assets as indicators return performance placed independent variables, size control variables. dependent variable competitiveness, proxied Herfindahl-Hirschman Index (HHI) measurement. results analysis show assets, have no effect However, ratio has negative effect, while positive Thus, does not act influencing