PENGARUH STRUKTUR MODAL TERHADAP EARNING PER SHARE PADA PT TELEKOMUNIKASI INDONESIA TBK

Each company is always needed of funds or capital in order to get the needs of daily operations as well as to develop the company. In conducting the funding decision, the company is required to consider and analyze the sources and economically in order to finance the investment needs as well as business activities. The funding decisions will affect the company's capital structure. Investors and creditors use information as a measure funding the capital structure of the company. The purpose of this research was to test empirically the influence of capital structure to earnings per share. Based on the results of research and statistical tests that have been done, variable debt to asset ratio is partially no effect on earnings per share. Because of output t test showed that the results of the regression coefficient of variable debt to asset ratio is 2.042. This value is smaller than t table that is equal to 2.0796. And variable debt to equity ratio is partially an effect on earnings per share. Because based on output t test showed the results of the regression coefficient of variable debt to equity ratio produced is -3.998. This value is smaller than t table that is equal to -2.0796. Then Based on statistical test output F together (simultaneously) the independent variable (debt to asset ratio and debt to equity ratio) have an effect on earnings per share. This can be proven by the calculated F value generated at 22.302 larger than F table is 3,47 and it can be concluded that the capital structure (debt to asset ratio and debt to equity ratio) simultaneously or jointly effect on earnings per share.Key words: Debt to Asset Ratio, Debt to Equity Ratio, dan Earnings per Share

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Analisis Dampak Struktur Modal Terhadap Profitabilitas

ASSET: Jurnal Manajemen dan Bisnis ◽

10.24269/asset.v1i1.2561 ◽

2018 ◽

Vol 1 (1) ◽

Author(s):

Dwi Setiarini ◽

Sujiono Sujiono ◽

Hadi Sumarsono

Keyword(s):

Capital Structure ◽

Negative Impact ◽

Secondary Data ◽

T Test ◽

Return On Assets ◽

Credit Cooperatives ◽

Equity Ratio ◽

Data Source ◽

The Impact ◽

The Capital Structure

Funding is an important issue that is taken into account by the company, both for the establishment and expansion of the business. Capital structure has an impact on profitability, with the improvement in capital structure, the company gives profits. The purpose of this study was to determine the impact of the capital structure measured by Debt to Equity Ratio (DER) on profitability as measured by Return on Assets (ROA) partially in Sharia Savings and Credit Cooperatives Cooperatives or KSK Komment Year 2016 - 2019. This researcher uses regression analysis simple linear and t test. The data source used in this study is secondary data. The results of the study concluded that the capital structure measured by Debt to Equity Ratio (DER) partially had a negative impact on Return on Assets (ROA). While the t test on the variable Debt to Equity Ratio (DER) partially proved to have no significant impact on Return on Assets (ROA).

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PENGARUH UKURAN PERUSAHAAN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN DEWAN KOMISARIS INDEPENDEN SEBAGAI VARIABEL MODERASI

Jurnal Riset Mahasiswa Akuntansi ◽

10.21067/jrma.v7i2.4256 ◽

2020 ◽

Vol 7 (2) ◽

Author(s):

Karolina Yunita Dir ◽

Abdul Halim ◽

Rita Indah Mustikowati

Keyword(s):

Regression Analysis ◽

Capital Structure ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

T Test ◽

Company Size ◽

Company Value ◽

Independent Variable ◽

The Capital Structure

This study aims to explain and test how the influence of company size and capital structure on firm value with an independent board of commissioners as a moderating variable in banking companies listed on the Indonesia Stock Exchange in the period 2016-2017. This type of research is explanatory research, namely by using classical assumptions, using moderated regression analysis, and using the t test. The number of samples is 39 companies, and the sampling method is using purposive judgment sampling. The variables in this study consisted of company size and capital structure as an independent variable, company value as the dependent variable and the independent board of commissioners as moderation. The result of the analysis is that partially the size of the company affects the value of the company, the capital structure influences the value of the company, the independent board of commissioners strengthens the influence of the size of the company on the value of the company and the independent board of commissioners strengthens the effect of the capital structure on the value of the company.

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Struktur Modal dan Pembiayaan BPRS di Indonesia

Cakrawala Jurnal Studi Islam ◽

10.31603/cakrawala.v14i2.3103 ◽

2020 ◽

Vol 14 (2) ◽

pp. 135-142

Author(s):

Multazam Mansyur Addury

Keyword(s):

Capital Structure ◽

Annual Data ◽

Gdp Growth Rate ◽

Panel Data Regression ◽

Analysis Technique ◽

Data Regression ◽

Equity Ratio ◽

Independent Variable ◽

The Impact ◽

The Capital Structure

The development of BPRS is expected to contribute to the market share of Islamic banking in Indonesia. This study aims to analyze the impact of capital structure on the BPRS financing. The object of this research is 164 BPRS in Indonesia, with a range of annual data from 2010 to 2017. The dependent variable is debt and equity-based financing (DEBF). The independent variable is measured using a debt to asset ratio (DAR) and debt to equity ratio (DER). In addition, this study also uses three control variables namely size, GDP growth rate, and provincial inflation. The data analysis technique used is panel data regression. The results show that the capital structure by DAR consistently had a positive and significant effect on the BPRS financing. Moreover, the capital structure by DER does not have a significant effect on the BPRS financing

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ANALISIS PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, AGENCY COST, LIKUIDITAS TERHADAP KINERJA PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2015-2019

JURNAL ILMIAH EDUNOMIKA ◽

10.29040/jie.v5i1.1937 ◽

2021 ◽

Vol 5 (1) ◽

Author(s):

Mia Audina

Keyword(s):

Capital Structure ◽

Banking Sector ◽

Stock Exchange ◽

Agency Cost ◽

Statistical Test ◽

Company Size ◽

Company Performance ◽

Current Ratio ◽

Independent Variables ◽

Equity Ratio

This study aims to examine the effect of capital structure, firm size, agency cost and liquidity on company performance. Researchers found differences in results between previous studies which are strong reasons why this research is feasible. The sample includes 8 banking sector companies listed on the Indonesia Stock Exchange (BEI) for the period 2015-2019. In this study, capital structure is proxied by using the Debt to Equity Ratio (DER), company size is proxied by using (Size), agency cost is proxied by using Free Cash Flaw (FCF), and liquidity is proxied by the current ratio. The method of analysis in this research is descriptive statistical test, classical assumption test and multiple regression analysis using the SPSS application. The results showed that the independent variables, namely capital structure, agency cost have a positive and significant effect on company performance, while the independent variables, namely company size and liquidity, have a negative and significant effect on company performance. Keywords : Struktur modal,ukuran perusahaan, agency cost, likuiditas, kinerja perusahaan.

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The Influence of Capital Structure, Asset Growth, and Total Asset Turnover Against Return on Equity in Construction and Building Companies Listed in Bei 2016-2019

Jurnal Ekonomi ◽

10.29138/je.v20i3.114 ◽

2021 ◽

Vol 20 (3) ◽

pp. 130-136

Author(s):

Ayu Wulandari Narhendra

Keyword(s):

Regression Analysis ◽

Capital Structure ◽

Regression Coefficient ◽

Total Asset ◽

Return On Equity ◽

Purposive Sampling ◽

Sample Technique ◽

Asset Turnover ◽

Asset Growth ◽

The Capital Structure

This study aims to determine the effect simultaneously and partially of capital structure, asset growth and TATO on Return on Equity.Data analysis used multiple linier regression analysis with SPSS application. Population in this research is the company of construction and building listed on BEI from 2016-2019. The research sample technique used purposive sampling with the results of 9 companies and 36 samples. The results showed partially, the regression coefficient value of the capital structure was 2.515 with a significance value of 0.017, so the capital structure had a significant effect on Return on Equity. And the TATO regression coefficientvalue is 3,479 with a significance value of 0.001. Then TATO has a significant effect on Return on Equity, while the regression coefficient value of Asset Growth is -0.459 with a significance value of 0.649. SoAsset Growth has no significant effect on Return on Equity. For the research results simultaneously the significance value is 0.008, which means that Capital Structure, Asset Growth and TATO have an influence on Return on Equity.

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Cash Ratio, Debt to Equity Ratio, Return on Equity, Firm Size dan Net Profit Margin Terhadap Dividen Per Share Perusahaan Consumer Goods Listing BEI Perioder 2011-2014

Jurnal Manajemen ◽

10.32832/jm-uika.v7i2.1107 ◽

2016 ◽

Vol 7 (2) ◽

pp. 97

Author(s):

Alex Saputra ◽

Dedi Walujadi ◽

Akhmad Bakhtiar Amin

Keyword(s):

Hypothesis Testing ◽

Firm Size ◽

Significant Influence ◽

Consumer Goods ◽

Regression Coefficient ◽

T Test ◽

Profit Margin ◽

Return On Equity ◽

Net Profit ◽

Equity Ratio

From the results of hypothesis testing via t test, showed that partial. there is a positive and significant influence Cash Ratio, Debt to Equity Ratio, Return on Equity, Firm Size and Margin Net Proft against Dividends Per Share. From the results of hypothesis testing through F test showed that simultant there is a positive and significant influence Cash Ratio, Debt to Equity Ratio, Return on Equity, Firm Size and Net Proft Margin against Dividends Per Share In this case, the net profit margin as the dominant predictor of positive and significant impact on Dividend Per Share. Because, the acquisition value of the slope or regression coefficient in the net profit margin is the highest value than Slop or regression coefficient on the Cash Ratio, Debt to Equity Ratio, Return on Equity and Firm Size.

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ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA CV BENGKEL BUNGA HARAPAN DI KABUPATEN BERAU

Jurnal Ekonomi STIEP ◽

10.54526/jes.v3i2.7 ◽

2018 ◽

Vol 3 (2) ◽

pp. 46-52

Author(s):

Sayugo Adi Purwanto

Keyword(s):

Capital Structure ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

T Test ◽

F Test ◽

Capital Costs ◽

Normality Test ◽

The Face ◽

Long Term Impact ◽

The Capital Structure

Determination of capital structure is very important for companies and parties outside the company such as creditors and investors because it is very basic and has a long-term impact. One important consideration that must be considered carefully before determining the company's capital structure is the consideration of the amount of capital costs from all funds / capital used by the company. In determining the capital structure must be able to reflect the balance or comparison between foreign capital and own capital that is best in a company influenced by many factors, including: asset structure and earning stability. CV Bunga Harapan Workshop in Berau District in the face of tight business competition must be able to establish an optimal capital structure. This is because the capital structure is an important problem for every company, because the good and bad capital structure will have a direct effect on the company's financial position. The initial observation shows CV Bunga Harapan Workshop in Berau District does not understand the problem of the capital structure.The purpose of this study was to determine the effect of asset structure and earnings stability on the capital structure on CV Harapan Bunga Workshop in Berau District. Data analysis tools used were normality test, multicollinearity test, autocorrelation test, multiple linear regression analysis, determination coefficient, t test and F test. The results of this study conclude that the structure of assets and earnings stability have a significant effect on the capital structure of CV Bunga Harapan Workshop in Berau District. This is evidenced by the results of the F test where F-count is greater than F-table (21.115> 4.74) and significant value 0.001 <0.05. The asset structure has a significant effect on the capital structure at CV Bunga Harapan Workshop in Berau District. This is evidenced by the results of the t test where -t count is smaller than -t-table (-3,078 <-2,365) and significant value (0,000) smaller than 0,05. Earning stability has a significant effect on the capital structure at CV Bunga Harapan Workshop in Berau District. This is evidenced by the results of the t test where t-count is greater than t-table (2.975> 2.365) and a significant value (0.021) which is smaller than 0.05.

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The Effect Of Early Detection Of Growth and Development Training For Posyandu Caders On Knowledge and Skill Of Motor Stimulation In Darungan Village

STRADA JURNAL ILMIAH KESEHATAN ◽

10.30994/sjik.v9i2.447 ◽

2020 ◽

Vol 9 (2) ◽

pp. 1085-1091

Author(s):

Susanti Tria Jaya ◽

Eva Nur Azizah ◽

Vide Bahtera Dinastiti

Keyword(s):

Statistical Analysis ◽

Early Detection ◽

Growth And Development ◽

Statistical Tests ◽

T Test ◽

Interval Scale ◽

Knowledge And Skills ◽

A Value ◽

Independent Variable

The independent variable is early detection training for posyandu craders, with an interval scale. Dependent Variable, namely Knowledge and Skills About Motor Stimulation. The instruments used were questionnaires and observation sheets, with an interval scale. Statistical analysis using the T- Test on the effect of early detection training on the development of posyandu cadres to knowledge of motor stimulation with a value of p = 0.000 means at 5% alpha. This showed that there was an effect of early detection of growth and development training for posyandu caders on knowledge of motor stimulation. The results of statistical tests showed that the value of p = 0.000 means that at 5% alpha. This showed that there was an effect of early detection of growth and development training for posyandu caders on skill of motor stimulation. So that it an increased of 21.33 % and 19,04 %.

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The Impact of Liquidity on the Capital Structure: Evidence from Malaysia

International Journal of Economics and Finance ◽

10.5539/ijef.v8n10p130 ◽

2016 ◽

Vol 8 (10) ◽

pp. 130 ◽

Cited By ~ 4

Author(s):

Maziar Ghasemi ◽

Nazrul Hisyam Ab Razak

Keyword(s):

Capital Structure ◽

Short Term ◽

Current Ratio ◽

Debt Level ◽

Asset Liquidity ◽

Independent Variable ◽

The Impact ◽

A Company ◽

The Capital Structure

For many years, liquidity of a company’s asset and its effect on the optimal debt level has been a controversial issue among scholars in finance studies. Prior studies have demonstrated that in some countries, asset liquidity increased debt level while in other countries liquid companies were less leveraged and more regularly financed by their own capital. This study investigates the effect of liquidity on the capital structure among the 300 listed companies in the Main market of Bursa Malaysia from 2005 to 2013 fiscal years. Pooled OLS is applied to investigate the impact of liquidity ratios on different Debt ratios. Liquidity of a company, which is the independent variable of this study, is measured by two common ratios which are: quick ratio and current ratio. Additionally, the Debt/Equity and Debt/Asset ratios represent the capital structures based on the short-term, long-term and total debt. The results show that all the measures of liquidity have significant impacts on all the proxies of leverage. According to the results, Quick ratio has a positive effect on leverage; although, Current ratio is negatively related to leverage. Moreover, short-term debt is more influenced by liquidity compared to long-term debt.

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Can Capital Structure Affect the Financial Performance of Banks in Turkey?

Finance and Market ◽

10.18686/fm.v0.1103 ◽

2018 ◽

Author(s):

Merve Tuncay

Keyword(s):

Capital Structure ◽

Financial Performance ◽

Capital Adequacy ◽

Return On Assets ◽

Control Variables ◽

Return On Equity ◽

Independent Variables ◽

Earnings Per Share ◽

Asset Quality ◽

The Capital Structure

The aim of this study is to investigate the determinants of banks’ financial performance in terms of the capital structure. Annual financial statements of 11 banks traded in Borsa Istanbul are employed for the period of 2006-2016. Return on assets, return on equity and earnings per share are chosen for financial performance measures. The independent variables related to the capital structure are capital adequacy, equity-to-asset, and financial leverage ratios. In addition, macroeconomic variables and bank-specific variables are also considered as control variables for the analysis. The data are analyzed by the panel data regression analysis as it provides more informative finding and less multicollinearity among variables than time series and cross-sectional analyzes.The Hausman test results indicate that the random effects model is appropriate for the whole dependent variables. According to the findings; while equity-to-asset ratio affects return on assets positively, amongst the control variables specific to firms, firm size, asset quality and asset growth variables have significant effects on return on assets. It is found no significant effect of independent variables on return on equity, however, it is seen that asset quality has a negative and significant effect. Inflation and interest rates have a significant effect on both variables. Finally, it is seen that equity-to-asset ratio has a positive and significant effect on earnings per share. Only the effect of asset quality on earnings per share is found to be significant among the control variables. Findings of the study are consistent with the previous studies. In addition, the M&M views are not supported by the findings related to return on assets and earnings per share but the return on equity.

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