Faktor-faktor yang mempengaruhi capital expenditure perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia
P enelitian ini bertujuan untuk mengetahui faktor – faktor yangmempengaruhi capital expenditure perusahaan. Sampel yang digunakan dalampenelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa EfekIndonesia periode 2015 – 2019. Variabel independen dalam penelitian ini adalahdividend, free cash flow, interest expenses, firm size, working capital,depreciation dan variabel dependen adalah capital expenditure. Jumlah sampelpenelitian adalah sebanyak 31 perusahaan manufaktur dengan menggunakanteknik purposive sampling. Berdasarkan hasil regresi data panel menunjukkanbahwa free cash flow, interest expenses, firm size, dan lagcapital expenditure memiliki pengaruh positif dan signifikan terhadap capital expenditure. Workingcapital dan depreciation memiliki pengaruh negatif dan signifikan terhadapcapital expenditure. Hasil penelitian ini diharapkan dapat memberikan masukanbagi perusahaan dan investor agar mempertimbangkan dividend, free cash flow,interest expenses, firm size, working capital, dan depreciation. Karena akanmempengaruhi ketentuan pengeluaran modal perusahaan.
T his study aims to determine the factors that influence the provisions of thecompany's capital expenditures. The sample used in this study are manufacturingcompanies listed on the Indonesia Stock Exchange for the period 2015 – 2019.The independent variables in this study are dividends, free cash flow, interestexpenses, firm size, working capital, depreciation and the dependent variable iscapital expenditure. The number of research samples is 31 manufacturingcompanies using purposive sampling technique. Based on the results of panel dataregression, it shows that free cash flow, interest expenses, firm size, and lag capital expenditure have a positive and significant effect on capital expenditure.Working capital and depreciation have a negative and significant effect on capitalexpenditure. The results of this study are expected to provide input for companiesand investors to consider dividends, free cash flow, interest expenses, firm size,working capital, and depreciation. Because it will affect the provisions of thecompany's capital expenditures.