Main Article Content
This research entitled determinant of capital structure and the impact of stock return on consumer goods industry that listed in Indonesia Stock Exchanged. The purpose of this research was to examine influence between profitability is measured by return on asset (ROA), liquidity is measured by current ratio (CR), cash holding, non-debt tax shield and asset growth on capital structure is measured by debt to equity ratio (DER) and influence on stock return. This research was conducted during the period 2011-2015. This research is quantitative research that used associative studies to determine the relationship or influence between two or more variables.
Population in this research is all of consumer goods industry that listed in Indonesia Stock Exchange during the period of research. Data collective method used purposive sampling method, with result 21 companies. Data analysis technique of this research used multiple regression analysis and simple regression analysi. Testing the hypothesis by using the coefficient of determination, F-test statistics and t-test statistics.
These conclution of this research indicate that profitability (ROA) positive influencing toward capital structure, liquidity (current ratio) and cash holding negative influencing toward capital structure, non-debt tax shield and asset growth not influencing toward capital structur, and capital structure not influencing toward stock return.