[01] Irni Yunita, Economic and Business Faculty, Padjadjaran University, Bandung, Indonesia; Economic and Business Faculty, Telkom University, Bandung, Indonesia.

Hot and Cold market is indicator of Equity market Timing that may effect to Capital structure. The objective of this research is to analyze the impact of Hot and Cold Market, Market to Book ratio, Tangibility, Profitability and Size to Capital Market partially and simultaneously. The sample of this research is 77 company listed in Indonesia capital Market. This research is using Multiple Regression method. The result shows that (1) Partially, Hot year and Size has a significant effect to equity issuance, otherwise, Hot month, Market to Book Ratio, Tangibility, Profitability has no significant effect. Simultaneously, all variables has significant effect in level of 10% to equity issuance. (2). Partially, tangibility has a significant effect to Leverage Change, otherwise, Hot year, Hot month, Market to Book Ratio, Profitability and size has no significant effect. Simultaneously, all variables has significant effect to leverage change. Thus, The equity market timing does happened but not effecting the Capital Structure.

Hot Market, Cold Market, Market to Book Ratio, Tangibility, Profitability, Size

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