Asset structure impacts capital decisions, firm size and profitability play roles.
The study looked at how different factors like asset structure, business risk, firm size, and profitability affect a company's capital structure. They analyzed data from 70 manufacturing companies in Indonesia from 2016 to 2019. The results showed that asset structure has a negative impact on capital structure, firm size has a positive impact, and business risk doesn't have much influence. Profitability can moderate the effects of asset structure and firm size on capital structure, but not business risk.