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PENGARUH RASIO LIKUIDITAS DAN PROFITABILITAS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN PENERBANGAN GO PUBLIC DI ASEAN PERIODE 2014-2017

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ABSTRACT THE IMPACT OF LIQUIDITY AND PROFITABILITY RATIO TOWARDS CAPITAL STRUCTURE IN PUBLIC AIRLINES COMPANY OF ASEAN 2014-2017 Written By: Tadeus Hamonangan Situngkir NIM: 1932157 The aim of this study is to examine the effect of Liquidity and Profitability towards Capital Structure either partially or simultaneously. Liquidity as the first independent variable of this study is calculated by using QR (Quick Ratio) and Profitability as the second independent variable on this study is calculated by using ROA (Return to Asset). Whereas the dependant variable in this study is Capital Structure, which is calculated by using DER (Debt to Equity Ratio). The study was performed on Asean public airlines companies that listed in Stock Exchange of each country 2014-2017 as the research sample. The samples were selected using purposive sampling method and finally obtained 7 companies per year that meet the criteria. The data analysis was processed using the SPSS 21 software program. The results showed, liquidity has negative significant corelation towards capital structure, meanwhile, profitability has negative but not significant corelation towards capital structure. Simultaneously, liquidity and profitability have significant effect toward audit report lag. Keywords : Liquidity, Profitability, Capital Structure, Airlines, Asean.