Pengaruh Financial Leverage Terhadap Kinerja Keuangan (Studi Pada Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia Periode 2011-2015)

The main objective of this study is to determine the effect of financial leverage on financial performance of the 39 selected property and real estate companies listed in Indonesia Stock Exchange over a period of five years (2011-2015). This work employed two financial leverage for the independent variables such as: debt ratio (DR) and debt to equity ratio (DER) in determining their effect on financial performance such as return on equity (ROE), sales growth and price earning ratio (PER) as a dependent variable. The secondary data were obtained from the financial statement (comprehensive income statement and statement of financial position) of the selected companies quoted from the Indonesia Stock Exchange (IDX). Descriptive statistical test, simple linear regression test and hypothesis test are used to analyze the data of this research. The results of the analysis show that there is a positive and insignificant influence between financial leverage on the financial performance of 39 companies, proven by hypothesis testing of t-value (1.610) < t-table (1.65481) and P-value of 0.109, while the value of regression coefficient of financial performance of 0.008 Tujuan utama penelitian ini adalah untuk mengetahui pengaruh financial leverage terhadap kinerja keuangan 39 perusahaan properti dan real estate terpilih yang terdaftar di Bursa Efek Indonesia selama lima tahun (2011-2015). Penelitian ini menggunakan dua leverage keuangan untuk variabel independen seperti debt ratio (DR) dan debt to equity ratio dalam menentukan pengaruhnya terhadap kinerja keuangan seperti return on equity (ROE), pertumbuhan penjualan dan price earning ratio (PER) sebagai variabel dependen. Data sekunder diperoleh dari laporan keuangan (laporan laba rugi komprehensif dan laporan posisi keuangan) dari perusahaan terpilih yang dikutip dari Bursa Efek Indonesia (BEI). Uji statistik deskriptif, uji regresi linier sederhana dan uji hipotesis digunakan untuk menganalisis data penelitian ini. Hasil analisis menunjukkan bahwa terdapat pengaruh positif dan signifikan antara financial leverage terhadap kinerja keuangan dari 39 perusahaan. Hal ini dibuktikan dengan pengujian hipotesis yang menghasilkan nilai t hitung (1.610) < t-table (1.65481) dan P-value sebesar 0.109, dengan nilai koefisien regresi kinerja keuangan sebesar 0,008.

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ANALISIS KEPUTUSAN PENDANAAN TERHADAP STRUKTUR MODAL MELALUI TRADE OFF THEORY

JURNAL ILMIAH AKUNTANSI UNIVERSITAS PAMULANG ◽

10.32493/jiaup.v8i2.4779 ◽

2020 ◽

Vol 8 (2) ◽

pp. 143

Author(s):

Nana Umdiana ◽

Dyah Lupita Sari

Keyword(s):

Real Estate ◽

Stock Exchange ◽

Sample Selection ◽

Secondary Data ◽

Annual Reports ◽

Financial Reports ◽

Trade Off ◽

Return On Equity ◽

Fixed Assets ◽

Equity Ratio

This study aims to analyze funding decisions on capital structure through trade off theory in property and real estate companies listed on the Indonesia Stock Exchange for the period 2015-2018. Profitability is measured using the return on equity ratio, asset structure is measured by fixed assets ratio and funding decisions are measured by debt. to equity ratio. The population of this research is property and real estate companies listed on the Indonesia Stock Exchange for the period 2015-2018. The data analyzed is secondary data in financial reports or annual reports. The sample selection used purposive sampling method and the sample obtained in this study were 40 data from 10 companies. In this research, the analytical method used is descriptive statistics, classical assumption test, multiple regression analysis and statistical test. The results of the analysis in this study indicate that there is no effect of profitability on funding decisions, there is an effect of asset structure on funding decisions. This shows that the asset structure influences the company's decision making in funding.

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Analisis Laporan Keuangan Untuk Menilai Kinerja Di PT. Indoneisa Kenderaan Terminal,Tbk. Yang Terdaftar Di Bursa Efek Indoneisa Periode 2015-2019

JURNAL MUTIARA AKUNTANSI ◽

10.51544/jma.v6i2.2370 ◽

2021 ◽

Vol 6 (2) ◽

pp. 134-149

Author(s):

Heri Enjang Syahputra

Keyword(s):

Data Collection ◽

Financial Performance ◽

Stock Exchange ◽

Profit Margin ◽

Return On Equity ◽

Financial Ratio ◽

Financial Ratio Analysis ◽

Income Statement ◽

Asset Turnover ◽

Equity Ratio

This study aims todetermine and analyze in measuring the level of financial performance at PT. Indonesia Kendaraan Terminal Tbk, 2015-2019 period in terms of financial ratio analysis. Information on the level of financial performance is very important in maintaining the company's existence from competition. The analytical method used is descriptive method with a quantitative approach, with data collection techniques in the form of documentary research or Its kind, as well as data collection from the Indonesian Stock Exchange (BEI). The data analyzed were the financial statements of PT. Indonesia Kendaran Teminal Tbk. Namely the income statement and statement of financial position (BalanceSheet) for the period of 2015-2019. Assessment of the level of performance from the financial aspect uses financial ratio indicators, namely Current Ratio, Cash Ratio, Debt Ratio, Debt to Equity Ratio, Gross Profit Margin, Net Profit Margin, Return On Equity, Total Asset Turnover, Fixed Asset Turnover. Results of The research on the level of financial performance of PT. Indonesia Vehicle Terminal Tbk. Obtained a healthy predicate with the AA category consecutively during the period 2015 to 2019.

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PROFITABILITAS, LIKUIDITAS DAN NILAI PERUSAHAAN (INDUSTRI PROPERTI DAN REAL ESTATE YANG LISTED DI PT. BEI PADA TAHUN 2011-2014)

Jurnal Penelitan Ekonomi dan Bisnis ◽

10.33633/jpeb.v1i2.2002 ◽

2016 ◽

Vol 1 (2) ◽

Author(s):

Yulita Setiawanta

Keyword(s):

Real Estate ◽

Firm Value ◽

Stock Exchange ◽

Hypothesis Test ◽

Secondary Data ◽

Total Sample ◽

Coefficient Of Determination ◽

Current Ratio ◽

Asset Return ◽

Return On Equity

This research aims to examine as partially the effect of ROA, ROEand CR on Firm Value of real estate and property company in Indonesia stock Exchange . Independent variables used are ROA (Return On Assets), ROE (Return On Equity) and CR (Current Ratio). The total sample on this research obtained to 174 data oberseved. The data analyzed is secondary data obtained from Indonesia stock Exchange. The analytical method in this research uses descriptive statistic, classical assumption test, F test, hypothesis test, and coefficient of determination test. The result of this study shows that ROA and CR have no significant effect on firm value, meanwhile ROE has the effect on frim value,Keyword: : Firm Value ; Return On Asset; Return On Equity; Current ratio.

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ANALYSIS OF CAPITAL STRUCTURE IN MEASURING RENTABILITY AND SOLVABILITY OF COSMETICS COMPANIES AND HOUSE HOLD GOODS LISTED ON INDONESIA STOCK EXCHANGE PERIOD 2015-2017

Jurnal Apresiasi Ekonomi ◽

10.31846/jae.v7i2.216 ◽

2019 ◽

Vol 7 (2) ◽

pp. 150-158

Author(s):

Ima Halimah ◽

Nor Norisanti ◽

Faizal Mulia Z

Keyword(s):

Capital Structure ◽

Financial Performance ◽

Stock Exchange ◽

Balance Sheet ◽

Secondary Data ◽

Financial Reports ◽

Return On Equity ◽

Earnings Per Share ◽

Equity Ratio

The purpose of this research to measure capital structure of cosmetics companies and house hold goods listed on the Indonesia Stock Exchange for the period 2015-2017 using vertical analysis, return on equity (ROE), earnings per share (EPS), debt on equity ratio (DER), and Long-Term Debt on Equity Ratio (LTDtER). This research uses descriptive methods, secondary data used is company documentation and financial reports in the form of balance sheet PT.Akasha Wira International Tbk, PT. Kino Indonesia Tbk, PT.Mandom Indonesia Tbk, PT. Martina Berto Tbk, PT. Mustika Ratu Tbk and PT. Unilever Indonesia Tbk in 2015 until 2017. The results showed that the perfomance of cosmetics companies and house hold goods reduction in 2015 until 2017 the form of Return on Equity (ROE) and increase in Debt on Equity Ratio (DER) and also fluctuations in Long-Term Debt on Equity Ratio (LTDtER). PT. Kino Indonesia and PT. Mustika Ratu are companies with financial performance whose capital structure management is not optimal due to the composition and proportion of long-term debt with equity that is not balanced with the returns and risks borne by the company during the 2015 to 2017 period. Keywords: Capital Structure, Return on Equity (ROE), Earnings Per Share (EPS), Debt on Equity Ratio (DER), Long-Term Debt on Equity Ratio (LTDtER

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Pengaruh Faktor Fundamental, Risiko Sistematis Dan Ekonomi Makro Terhadap Return Saham Syariah Yang Tergabung Di Jakarta Islamic Index (JII) Pada Periode 2010 – 2014

Kajian Bisnis STIE Widya Wiwaha ◽

10.32477/jkb.v24i1.217 ◽

2017 ◽

Vol 24 (1) ◽

pp. 54-70

Author(s):

Hasanah Setyowati ◽

Riyanti Ningsih

Keyword(s):

Exchange Rate ◽

Stock Exchange ◽

Systematic Risk ◽

Secondary Data ◽

Analysis Model ◽

Macroeconomic Factors ◽

Return On Equity ◽

Equity Ratio ◽

Regression Techniques ◽

The Exchange Rate

This study aimed to obtain empirical evidence on the influence of fundamental factors, systematic risk and macroeconomics on the returns Islamic stock of companies incorporated in the Jakarta Islamic Index in 2010-2014. The variables used were the fundamental factors that are proxied by Earning Per Share (EPS), Return on Equity (ROE), Debt to Equity Ratio (DER); Systematic risk is proxied by Beta Shares; macroeconomic factors is proxied by the inflation rate and the exchange rate. The samples of this study are the enterprises incorporated in Jakarta Islamic Index (JII) at the Indonesian Stock Exchange. The sampling method was using purposive sampling. There were 12 samples of Islamic stocks that meet the criteria to be used as samples. The analysis model used is multiple linear regression techniques and the type of data used is secondary data. The study found that all variables, which are Earning Per Share (EPS), Return on Equity (ROE), Debt to Equity Ratio (DER), Beta stock, inflation and the exchange rate do not significantly affect the return of sharia stock either simultaneously or partially.

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KINERJA KEUANGAN PADA PERUSAHAAN PERTAMBANGAN DI BURSA EFEK INDONESIA

Jemasi: Jurnal Ekonomi Manajemen dan Akuntansi ◽

10.35449/jemasi.v13i1.43 ◽

2017 ◽

Vol 13 (1) ◽

pp. 46-62

Author(s):

Aries Veronica

Keyword(s):

Financial Performance ◽

Return On Investment ◽

Stock Price ◽

Stock Exchange ◽

Hypothesis Test ◽

Field Research ◽

Total Asset ◽

Current Ratio ◽

Total Debt ◽

Equity Ratio

The purpose of this study was to determine financial performance to stock price ofminning industries at Indonesian Stock Exchange . This research is field research withdata collection techniques using documentation that the sample size is as much as 33emitten. To test the effect of the financial performance to stock price used multipleregression analysis techniques and to test research hypotheses, F test and t test.From the results of calculations using SPSS for Windows version 17, showed that: thevalue of R Square (R2) illustrates that the Stock price (Y), can be explained by thefinancial performance amounted to 65.6%, while the rest 34.4%, can be explained byother factors, which are not included in this study. F Hypothesis test results, obtainedvalue of sig. (98,701)>(0.05), this means that there is influence of the current ratio, totalasset turnover , return on investment, and total debt to total asset ratio together againststock price. While the results of hypothesis testing t as follows: 1) sig. (0.000)< (0.05),which means that there is effect current ratio to stock price; 2) sig.(0.004) < (0.05),which means that there is effect debt to equity ratio to stock price; 3) sig.(0.846) >(0.05), which means that there is no effect total asset turnover to stock price; 4)sig.(0.000) (0.05), which means that there is no effect return on investment to stock price,and 5) sig.(0.700)>(0.05), which means that there is no effect total debt to total assetratio to stock price

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ANALISIS KINERJA KEUANGAN PERUSAHAAN PROPERTI YANG TERDAFTAR DI BEI SEBELUM DAN SESUDAH KEBIJAKAN LOAN TO VALUE

Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT ◽

10.36226/jrmb.v4i1.243 ◽

2019 ◽

Vol 4 (1) ◽

pp. 79-90

Author(s):

Ghaniy Ridha Prima ◽

Hermanto Siregar ◽

Ferry Syarifuddin

Keyword(s):

Real Estate ◽

Financial Performance ◽

Stock Exchange ◽

Sample Selection ◽

Test Analysis ◽

Asset Return ◽

Return On Equity ◽

Analysis Technique ◽

Significant Difference ◽

Before And After

The purpose of this study is to provide empirical evidence of the effects of the Loan to Value (LTV) policy on the financial performance of property and real estate companies listed on the Indonesia Stock Exchange (IDX). The sample selection uses a purposive sampling method of 42 property and real estate companies that meet the criteria. The research period is divided into 2 namely before the Loan to Value policy (2013-2014) and after the Loan to Value policy (2016-2017) with the Paired Sample t Test analysis technique. The test results show if the current ratio, Return on Asset, Return on Equity and Debt to Asset have significant differences between before and after the LTV policy is applied. While the fast ratio, cash ratio, net profit margin and Debt to Equity did not show a significant difference. Keywords: Financial Performance, Loan to Value, Property and Real Estate, Profitability Ratio, Liquidity Ratio, Solvability Ratio.

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IMPLIKASI RETURN ON EQUITY, RETURN ON ASSET, NET INCOME& DEBT TO EQUITY RATIO TERHADAP RETURN SAHAM PADA PERUSAHAAN PROPERTI

Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT ◽

10.36226/jrmb.v3i1.86 ◽

2018 ◽

Vol 3 (1) ◽

pp. 59-66

Author(s):

Muhammad Richo Rianto

Keyword(s):

Data Analysis ◽

Capital Market ◽

Stock Return ◽

Stock Exchange ◽

Secondary Data ◽

Net Income ◽

Return On Equity ◽

Property Companies ◽

Equity Ratio

The research aims to analyze the effect of Return On Equity (ROE ), Return On Asset (ROA), Net Income (NI) and Debt to Equity (DER) on partially and simultaneously to Return Investment (RI) in property companies. Data were collected from secondary data in the financial documentation of Indonesian Capital Market Directory ( ICMD ) and also can download in the official website of the Indonesian Stock Exchange www. IDX.co.id. Data analysis was using Eviews version 7.1. The results show that: ROE, ROA, NI, and DER simultaneously significant effect on the property company’s stock return, but partially only ROE and DER variable that significantly effects on stock return. Keywords: Return on Equity, Return on Asset, Net Income, Debt to Equity, Return Investment

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Pengaruh Kepemilikan Asing , Leverage, Cash Holdings Dan Debt Maturity Terhadap Kinerja Keuangan Perusahaan

JURNAL EKSPLORASI AKUNTANSI ◽

10.24036/jea.v2i3.258 ◽

2020 ◽

Vol 2 (3) ◽

pp. 2893-2911

Author(s):

Murti Sari Dewi ◽

Erly Mulyani

Keyword(s):

Real Estate ◽

Financial Performance ◽

Sampling Method ◽

Stock Exchange ◽

Cash Holdings ◽

Secondary Data ◽

Foreign Ownership ◽

Debt Maturity ◽

Panel Regression ◽

Cash Holding

This study aims to examine the effect of foreign ownership, leverage, cash holding and debt maturity on financial performance in property and real estate companies listed on the Indonesia stock exchange (idx) in the period 2014-2018. This study is categorized as causative research. The population in this study are property and real estate companies listed on the Indonesia stock exchange (idx) in the period 2014-2018. By using purposive sampling method, there were 24 companies as the research’s sample. The type of data used is secondary data and used is panel regression analysis. The results of this study indicate that foreign ownership, cash holding and debt maturity has no significant effect on financial performance, only leverage has significant effect on financial performance

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