scholarly journals Pengaruh Struktur Modal, Risiko Bisnis dan Pertumbuhan Penjualan terhadap ROE Perusahaan Manufaktur

2018 ◽  
Vol 6 (2) ◽  
pp. 122
Author(s):  
Dina Ika Kaptiana ◽  
Nadia Asandimitra
Keyword(s):  
Capital Structure ◽  
Consumer Goods ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Analysis Data ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Business Risk ◽  
Independent Variable

This research was conducted to determine the effect of capital structure, business risk and sales growth with ROE for manufacturing companies (sector industry consumer goods) during 2008-2012. The independent variable is capital structure, business risk and sales growth.The sample was manufacturing (sector industry consumer goods),which publishes the annual report and quarterly financial reports I-IV during 2008-2012. It uses purposive sampling method. This data using secondary data obtained from the annual report and quarterly financial statements issued I-IV manufacturing companies (sector industry consumer goods) on the Stock Exchange. Analysis data method is using multiple linier regression. The analysis showed simoultantly variable capital structure, business risk and growth in sales affect ROE. Business risk get positive effect to ROE. While the capital structure and sales growth has no effect to ROE. Variable explaining independent variable is get 69,9% while the rest 30,1% can influenced by other variable.

scholarly journals PENGARUH UKURAN PERUSAHAAN, RESIKO BISNIS DAN PERTUMBUHAN AKTIVA TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2005-2007

2017 ◽  
pp. 52-63
Author(s):  
Joana L. Saragih
Keyword(s):  
Capital Structure ◽  
Ownership Structure ◽  
Random Sampling ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Manufacturing Companies ◽  
Business Risk ◽  
Simultaneous Test ◽  
Independent Variable ◽  
The Capital Structure

A decision on a capital structure (ratio between share and loan capitals) done by a financial manager is an important decision. This is due to its influence upon risks undergone and profits expected by shareholders. These analyses are used to solve the problem which is whether the size of the firm, the business risks, the growth of assets, the profitability and the ownership structure influence the capital strusture or not? The population in this research is the go public manufacturing sector in the Indonesia Stock Exchange for years 2005 until 2007. The sample is defined by cluster propotional random sampling to get a representative sample on each sector. There are 33 go public manufacturing companies selected as sample for this research. There are two variables in this research, the independent variable and dependent variable. The independent variable comprises firm size, business risk, growth of assets, and profitability; and for the dependent variable is the capital structure of go public manufacturing companies in the BEI. This research was analyzed using multiple regressions. This research found the empirical results that partially, SIZE influences positive significant and NPM influences negative significant to the capital structure of go public manufacturing companies in the Bursa Efek Indonesia. While the result of partial test for DOL and GROW showed that partially they didn’t influence significantly to the capital structure. The result for the simultaneous test showed that there is influence between SIZE, DOL, GROW, and NPM with the capital strusture of go public manufacturing companies in the Bursa Efek Indonesia. The influence is 0,197 or 19,7%. The other 80.3% influenced by another factors outside the research or the regression model.

scholarly journals Pengaruh Profitabilitas, Risiko Bisnis, Kepemilikan Manajerial, Dan Pajak Terhadap Struktur Modal

2020 ◽  
Vol 8 (1) ◽  
pp. 27-36 ◽  
Author(s):  
Melisa Rahmadianti ◽  
Yuliandi Yuliandi
Keyword(s):  
Capital Structure ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Business Risk ◽  
Significance Level ◽  
Industry Sector ◽  
Consumer Goods Industry ◽  
The Capital Structure

The purpose of this study was to determine the effect of profitability, business risk, managerial ownership, and tax on the capital structure of manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange. Capital structure is proxied by debt to equity ratio. The population in this study are all manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange for the period 2014-2017. Sample selection through purposive sampling method. There are 12 companies that meet the criteria as research samples so that the observation data is around 48. This study supports literature studies by processing secondary data obtained from annual reports. The analytical method used is multiple linear regression analysis through the program SPSS version 23. The results of this study indicate that profitability, business risk, managerial ownership, and tax simultaneously affect the capital structure with a significance level of 0,000. Partially profitability, business risk, and tax affect the capital structure with a significance level of 0,000. Managerial ownership partially does not affect the capital structure with a significance level of 0,058.   Keywords : Profitability, business risk, managerial ownership, tax, capital structure.

scholarly journals The Effect of Capital Structure and Sales Growth on Company Profitability and Value in the Cosmetics Manufacturing and Household Needs Manufacturing Companies

2021 ◽  
Vol 8 (2) ◽  
pp. 187-193
Author(s):  
Ni Putu Erlin Pramesti ◽  
Putu Ngurah Suyatna Yasa ◽  
Ni Luh Anik Puspa Ningsih
Keyword(s):  
Capital Structure ◽  
Stock Prices ◽  
Firm Value ◽  
Stock Price ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Company Value ◽  
Good Signal

Company value is very important for a company, because the company's value reflects the company's performance which will be associated with stock prices, where the higher the stock price, the higher the value of the company. With a high company value will give a good signal to investors that the company's financial performance is increasing. This study aims to determine the effect of capital structure and sales growth on profitability and firm value. The population in this study is cosmetics and household needs manufacturing companies listed on the IDX. Determination of the sample is done by a purposive sampling method of judgment sampling type and based on predetermined criteria; the number of samples is 5 companies manufacturing cosmetics sub-sectors and household needs. This study uses secondary data obtained from the Indonesia Stock Exchange in 2008-2018. Testing the hypothesis of the study used descriptive statistical test techniques and path analysis test with SPSS (Statistical Product and Service Solutions) application tools. The results showed that: 1) Capital structure has a positive and significant effect on profitability 2) Sales growth has a negative and not significant effect on profitability 3) Capital structure has a positive and significant effect on firm value 4) Sales growth has a positive and significant effect on firm value 5) profitability has a positive and significant effect on firm value 6) Capital structure is able to influence the value of the company through profitability 7) Sales growth is not able to affect the value of the company through profitability.

scholarly journals Determinan Struktur Modal Pada Perusahaan LQ45 Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2011-2015

2017 ◽  
Vol 1 (1) ◽  
pp. 14-25
Author(s):  
Mochamad Fatikhudin
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Capital Market ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Total Sample ◽  
Negative Influence ◽  
Sales Growth ◽  
Independent Variable

The purpose of this research is to determine the effect of profitability, liquidity, sales growth, and the firm size in a partial and simultaneous to capital structure in LQ45 company. The population in this study is LQ45 companies listed on the Indonesian Stock Exchange period 2011-2015. This research is use purposive sampling method, and get the total sample of 21 companies. The data used is secondary data derived from Annual Report and Indonesian Capital Market Directory (ICMD). Data analysis that use in this research is multiple regrestion. Result of this research showed profitability has a negative influence to capital structure. Although liquidty profitability where as the variable of liquidity, growth of sales and firm size are not influential to capital structure. Simultatily the profitability, liquidity, growth of sales and firm size are influencial to capital structure. The amount of adjusted R square is 0,239 it means 23,9 percentage dependent variable of capital structure can be explained by four independent variable, they are profitability, liquidity, growth of sales, and firm size, but 76,1 percentage capital structure explained by other variable outside (node).

scholarly journals Pengaruh Modal Kerja, Likuiditas, Struktur Modal Terhadap Profitabilitas Perusahaan Manufaktur 2012 – 2014

2019 ◽  
Vol 24 (1) ◽  
pp. 80
Author(s):  
Emillia Sastra
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Secondary Data ◽  
Strong Relationship ◽  
Financial Statements ◽  
Coefficient Of Determination ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Independent Variable

The purpose of this empirical research is to obtain empirical evidence about the influence of working capital, liquidity and capital structure on the profitability on manufacturing companies listed on the stock exchange from 2012-2014. This research used manufacturing companies for total of 198 data in three years and that were selected using purposive sampling method. The data used in this research are secondary data in the form of financial statements. The results showed that the working capital and liquidity has a positive significant effect on profitability, capital structure does not have a significant effect on profitability. The testing showed independent variable have a significant impact on the profitability and show that the correlation of the independent variables have strong relationship to the dependent variable. Testing results show that the coefficient of determination of 55.1%, dependent variable is affected by the independent variable, while the remaining 44,9 % is explained by other variables.

scholarly journals THE INFLUENCE OF INTERNAL AND EXTERNAL FACTORS ON CAPITAL STRUCTURE OF MANUFACTURING COMPANIES LISTED ON IDX IN 2016-2018

ACCRUALS ◽  
2020 ◽  
Vol 4 (02) ◽  
pp. 163-174
Author(s):  
Kevin Senjaya ◽  
Lidya Agustina
Keyword(s):  
Exchange Rate ◽  
Capital Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
External Factors ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Analysis Technique ◽  
Internal And External Factors

This study aims to determine the internal and external factors of the company's capital structure. The variables in this study consisted of profitability (X1), liquidity (X2), solvency (X3), tangibility (X4), sales growth (X5), inflation (X6), tax (X7), USD exchange rate (X8), and capital structure (Y). The population in this study is the manufacturing companies in the goods and consumption industry sector which are listed on the Indonesia Stock Exchange in 2016-2018. The sample in this study was chosen based on the purposive sampling method, resulting in 76 companies as much data. This study uses secondary data and the analysis technique used is multiple linear regression. The results of this study indicate that profitability, solvency, tangibility, and tax affect the company's capital structure, while liquidity, sales growth, inflation, and the USD exchange rate do not affect the company's capital structure

scholarly journals YAN IRIANIS VOL 7 ED 1

2019 ◽  
Author(s):  
Yan Irianis
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Sales Growth ◽  
Business Risk ◽  
F Test ◽  
Observation Method ◽  
The Capital Structure

The purpose of research with the title the influence of sales growth, business risk, and asset structure on the capital structure in manufacturing company consumer goods industry sectors listed on the Indonesia Stock Exchange to find out (a) the effect of sales growth on the capital structure, (b) the effect of business risk on the capital structure, (c) the effect of asset structure on the capital structure, (d) the effect of sales growth, business risk, and asset structure simultaneously on the capital structure.This research use correlational research. The type of data used is secondary data and data collection techniques used was the nonparticipant observation method. Analysis used in this research is the classical assumption test, multiple linear regression analysis, hyphotesis test, coefficient determination test, and descriptive statistics test.Based on multiple regression coefficient test the sales growth has a significant level0.013, business risk has a significant level 0.000, and asset structure has a significant level0.000. Whereas the f test results showed a significant level 0.000. The result of the test the coefficient determination that sales growth, business risk, and asset structure had effect on the capital structure of 49.3%.The result can be concluded sales growth have influence on capital structure, business risk have influence on capital structure, and asset structure have influence on capital structure, because it has significant levels < 0.05. Based on the f test result simultaneously sales growth, business risk, and asset structure have influences on capital structure, because it has significant 0.000 < 0.05.

Pengaruh Kinerja Keuangan dan Good Corporate Governance (GCG) Terhadap Nilai Perusahaan

MBIA ◽  
2019 ◽  
Vol 17 (2) ◽  
pp. 1-10
Author(s):  
Rolia Wahasusmiah
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Sampling Method ◽  
Total Population ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Positive Influence ◽  
Manufacturing Companies ◽  
Good Corporate Governance

This study aims to determine the effect of financial performance and good corporate governance (GCG) on the value of companies in manufacturing companies listed on the stock exchange Indonesia. The type of data used is secondary data in the form of annual report 2016. Population used in this study are all companies listed on the Indonesia Stock Exchange (BEI). This research uses purposive sampling method with total population of 144 companies and sample of 31 companies. The results show that simultaneously ROA, OPM, NPM, KM, and KI have a positive influence on firm value. While partially ROA  have a positive influence on firm value. While OPM, NPM, KM, and KI have no positive influence on firm value).

The Effect of Bankruptcy Possibility on Audit Delay and Timeliness (Empirical Study on Manufacturing Companies Listed in Indonesian Stock Exchange in the Period of 2012-2016)

2019 ◽  
Vol 2 (2) ◽  
pp. 118-146
Author(s):  
Triana Meinarsih ◽  
Abdul Yusuf ◽  
Muhammad Zilal Hamzah
Keyword(s):  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Z Score ◽  
Quality Of Accounting Information ◽  
Independent Variable ◽  
A Company

Audit delay and timeliness are important factors that influence the quality of accounting information in term of relevance. This study provides empirical evidence to answer the question of how bankruptcy possibility impacts on audit delay and timeliness.  This research studies manufacturing firms listed in Indonesian Stock Exchange (IDX) in the period of 2012-2016. Data are taken from official website of IDX. This study is a quantitative research that seek to find out relationship between independent variable and dependent variable. External secondary data used are annual reports accessed from IDX website. Measurement used is Z-Score Altman model prediction, while simple linear regression is employed as technical analysis. This study finds that bankruptcy possibility which is measured by ZScore is negatively influence audit delay and timeliness. Any decrease of Z-Score shows the possibility of a company experience bankruptcy and therefore causes audit delay and timeliness.

scholarly journals PENGARUH UKURAN PERUSAHAAN DAN RISIKO BISNIS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN INDUSTRI OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 15 (2) ◽  
pp. 165-187
Author(s):  
Mohamad Ali Wairooy
Keyword(s):  
Capital Structure ◽  
Automotive Industry ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Business Risk ◽  
Exchange Data ◽  
The Capital Structure

This study aims to examine and analyze the effect of partially or simultaneously the size of the company and business risk on the capital structure of the Automotive Industry Company Registered on the Indonesia Stock Exchange. Data collection uses secondary data using purposive sampling technique. The population in this study were all automotive industry companies as many as 17 companies listed on the Indonesia stock exchange for the period 2014-2016, while the samples taken were the number of observations for 3 years (2014-2016). The data obtained were analyzed using multiple linear regression analysis. The results showed that all hypotheses had a positive and significant effect based on t test and F test. This means that both partially and simultaneously the size of the company and business risk had a positive and significant effect on the capital structure of the Automotive Industry Company Listed on the Indonesia Stock Exchange.

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