PENGARUH PROFITABILITAS, STRUKTUR AKTIVA, PERTUMBUHAN PENJUALAN DAN LIKUIDITAS TERHADAP STRUKTUR MODAL (Perusahaan Subsektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019)

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Mutiara Putri Astiana

The researchhwas conducted to test whether there is anneffect of profitability (Return OnnAssets), asset structure, salesggrowth and liquidity (CurrentrRatio) on the capital structure (Debt tooEquity Ratio) in food anddbeverage sub-sector companiesslisted on theeIndonesia Stock Exchange (IDX) from 2015-2019. This type of research is descriptiveqquantitative with appopulation of 26ccompanies and the sample used is 10 companies usinggpurposiveesampling method and obsevations for 5 years so that 50 observationalddata are obtained. Secondary data were obtained from the officialwwebsite of the IndonesiasStock Exchange. The analysis technique uses multiple linier regression analysis with the SPSS 15 program. Based on the resultsoof theeanalysis, it can be concluded that profitability anddliquidity have a signicanteeffect on capital structure, while assetsstructure and salesggrowth has noosignificant effectoon capitalsstructure. Keywords: ROA. Asset structure, Sales growth. CR, DER

2020 ◽  
Vol 8 (2) ◽  
pp. 248
Author(s):  
Nico Anangsyah ◽  
Desta Rizky Kusuma

This study aims to determine the analysis of factors affect the capital structure of registered textile and garment companies on the Indonesia Stock Exchange (IDX) for the 2014-2016 period. Variables in this study namely Profitability (ROA), Asset Structure (SA), Sales Growth (PP) and Company Size (SIZE) and Capital Structure (DER). The population in this study is the Textile and Garment company listed on the Indonesia Stock Exchange (IDX) as many as 17 companies later 15 companies were sampled using a purposive technique sampling. The analysis technique used is panel data regression analysis with comparison of t-statistics with t-tables. The results of this study indicate that profitability (ROA) is not positive effect on Capital Structure (DER), t-statistic of 1.386407. Asset Structure (SA) has no positive effect on Capital Structure (DER), statistic equal to 0.296574. Sales Growth (PP) influences positive for Capital Structure (DER), the statistic is 1.873566. Size The company (SIZE) does not have a positive effect on the Capital Structure (DER), statistic at 0.570955.


2015 ◽  
Vol 6 (3) ◽  
pp. 365
Author(s):  
Dominica Rufina ◽  
Stefanus Ariyanto ◽  
Theresia Lesmana

This study aims to determine the factors of ROA, Asset Structure, Sales Growth, and Firm Size affecting Capital Structure. The population in this study is the companies included in the Index LQ45 Indonesia Stock Exchange from the period 2011 to 2013, the data of a total of 270 listed companies in LQ45 during that period, only 90 corporate data that successively included in the index LQ45. The data used in this study uses secondary data from the Indonesia Stock Exchange website www.idx.co.id. In the process of data analysis and testing the assumptions of classical hypothesis testing using multiple linear regression analysis using SPSS v20.00. The results showed that partially variable ROA, Asset Structure, and Firm Size has a significant influence on the Capital Structure, Growth Sales whereas variable has no influence on the Capital Structure. Simultaneously ROA, Asset Structure, Sales Growth, and Firm Size effect on Capital Structure.


Author(s):  
Eva Hardianti

This research aims to analyze the factors that affect the capital structure of companies listed on the Indonesia Stock Exchange in the period 2010-2014. The variables studied were profitability, sales growth, asset structure and company size. This research is a comparative causal study. The data used is secondary data obtained from the site www.idx.co.id.The population in this study are all companies listed on the Indonesia Stock Exchange in the period 2010-2014. The sample selection is done by using purposive sampling method, so that as much as 1089 observational data are obtained. Analysis of the data used is multiple regression analysis. The results of this study indicate that the variable profitability, asset structure and firm size significantly influence the capital structure. The magnitude of the coefficient of determination (Adjusted R Square) is equal to 0.104. This means that 10.4% of the dependent variable that is capital structure can be explained by four independent variables namely profitability, sales growth, asset structure and company size. While the remaining 89.6% is explained by variables or other causes outside the model.


2020 ◽  
Vol 9 (1) ◽  
pp. 1-13
Author(s):  
Mislia Ambar Sari ◽  
Lela Nurlaela Wati ◽  
Bambang Rahardjo

This study aims to determine the effect of capital structure and dividend policy on firm value by moderating profitability in food beverages companies. Samples are Food Beverages Sub Sector manufacturing companies listed on the Indonesia Stock Exchange in the 2014-2018 period, which were taken using purposive sampling technique. The analysis technique used is a moderation regression analysis (MRA) using eviews 9. The results of hypothesis testing show that the capital structure variable (DER) has a positive and significant effect on firm value (PBV), dividend policy (EPS) has a positive and significant effect on firm value ( PBV), profitability (ROA) strengthens the effect of capital structure (DER) on firm value (PBV), but profitability (ROA) does not strengthen the effect of dividend policy (EPS) on firm value (PBV). These results indicate that the higher the capital structure financed by debt and the greater the dividends distributed to investors, the higher the firm value.Keywords: Capital Structure, Dividend Policy, Profitability, Firm Value


2019 ◽  
Vol 8 (7) ◽  
pp. 4444
Author(s):  
Ni Putu Yulinda Prastika ◽  
Made Reina Candradewi

This study aims to determine the important factors that can affect the capital structure of companies in the construction construction sub-sector on the Indonesia Stock Exchange (IDX). There are 3 (three) important factors that can affect the capital structure, namely: profitability, asset structure, and liquidity. This research uses purposive sampling in the method of determining the sample so that it gets 9 companies which are the samples of this study. Data used in the form of secondary data taken for 6 years in the period 2012-2017. Multiple linear regression as a data analysis technique used. The results obtained from this study are 1) variable profitability has a significant negative effect on the capital structure of the company's construction construction sub-sector on the Indonesia Stock Exchange (IDX); 2) asset structure has a negative and significant effect on the building construction sub-sector of the company on the IDX; and 3) liquidity has a significant negative effect on the capital structure of the company's construction construction sub-sector on the IDX. Keywords: capital structure, profitability, asset structure, liquidity


2020 ◽  
Vol 4 (2) ◽  
pp. 63
Author(s):  
Hermaya Ompusunggu

The purpose of this research is to exemine the effect of asset structure and sales growth to the capital structure. The data in this research is the secondary data by using financial statement data. The population in this research were companies which are listed in the Indonesia Stock Exchange with the mining sector from 2014 to 2018. The sample collection technique has been done by  using purposive sampling and 8 (eight) companies which meet the criteria have been selected as the research samples. The measurement of capital structure has been done by Debt to Equity Ratio (DER). The analysis has been done by using multiple linear regression. The result of the research shows the partial regression analysis is asset structure significant effect on capital structure with significance 0,317 > 0,05 and sales growth significant effect on capital structure with significance 0,039 < 0,05. While the results obtained simultaneously variable asset structure and sales growth significantly influence capital structure with significance 0,039 < 0,05.


ACCRUALS ◽  
2020 ◽  
Vol 4 (02) ◽  
pp. 163-174
Author(s):  
Kevin Senjaya ◽  
Lidya Agustina

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


2019 ◽  
Vol 14 (1) ◽  
pp. 82-103
Author(s):  
Rahmadani ◽  
Rangga Putra Ananto ◽  
Wiwik Andriani

This study aims to determine the effect of profitability, liquidity, firm size, sales growth, and dividend payout ratio on capital structure. The sampling technique uses purposive sampling method so that a sample of 28 property and realestate companies are listed on the Indonesia Stock Exchange during the 2013-2017 period. The type of data used is secondary data in the form of annual financial statements of property and realsetate companies in 2013-2017. Data analysis method used is multiple linear regression analysis using SPSS version 20. The results of this study indicate that partially profitability proxied by net profit margin (NPM) does not affect the capital structure, liquidity is proxied by the current ratio (CR) effect on the capital structure, the size of the company which is proxied by total assets (Ln TA) does not affect capital structure, sales growth that does not affect the capital structure, dividend payout ratio does not affect the capital structure. Simultaneously profitability, liquidity, company size, sales growth and dividend payout ratio affect the capital structure


2020 ◽  
Vol 12 (2) ◽  
pp. 16
Author(s):  
Dhea Zatira ◽  
Sabam Simbolon ◽  
Sutrisna Sutrisna

This research aims to determine what factors can influence the capital structure of automotive sub-sector companies listed on the Indonesian stock exchange for the period 2015 - 2018. These factors include company size, liquidity and profitability. The methodology used in this research is quantitative associative with secondary data sources that come from financial reports that have been published by companies and the IDX. The data analysis technique in this study used a panel data regression model with E-Views software. The results of this study indicate that firm size has no effect on capital structure, which can be seen from this value t statistic 0.492999 0.05. Liquidity has an effect on the Capital Structure which can be seen from the t-table value of -7.788281> t-table 2.039 and the probability value of 0.0000 0.05. Simultaneously the variable company size, liquidity and profitability have an effect on the capital structure which can be seen from the value obtained by the F-table value of 2.91, which means that the F-count is 22.32849> Ftable 2.91 and the probability value of F-statistic is 0.00000 ​


2020 ◽  
Vol 7 (2) ◽  
pp. 80-91
Author(s):  
Putu Dyah Pradnya Paramitha

This study aims to analyze the significance of the capital structure and liquidity effect on the profitability value, to analyze the significance of the capital structure, liquidity and profitability effect on firm value, and to analyze the role of profitability in mediating the capital structure and liquidity effect on firm value. The population in this study is food and beverage companies in Indonesia Stock Exchange. The sample was conducted by purposive sampling method and then the number of samples is 12 companies. The research data is secondary data obtained from the website of the Indonesia Stock Exchange and the Indonesia Capital Market Directory from 2013 until 2016. Data analysis is by path analysis technique with IBM SPSS Statistic Version 22. The results of this study showed that: (1) the capital structure negative, not significant impact on profitability. (2) the liquidity had negative significant impact on profitability. (3) the capital structure had negative significant impact on firm value. (4) the liquidity had a negative not significant impact on firm value. (5) the profitability had a positive and significant impact on firm value. (6) profitability is able to mediate the effect of capital structure on firm value significantly. (7) profitability is able to mediate the effect of liquidity on firm value significantly.


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