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Jurnal Manajerial Dan Kewirausahaan
Article . 2019 . Peer-reviewed
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Pengaruh Profitabilitas, Struktur Aktiva, Dan Ukuran Perusahaan Terhadap Struktur Modal

Authors: Novelia Melodie; Herman Ruslim;

Pengaruh Profitabilitas, Struktur Aktiva, Dan Ukuran Perusahaan Terhadap Struktur Modal

Abstract

Funding in a company is one of the benchmarks to be successful in the company. Because of this, decisions in the company's capital structure must be taken with a lot of consideration. In determining the capital structure, there is profitability, asset structure, and company size as factors that influence capital structure. These factors are measured using financial ratios, namely Return on Asset as a measure of profitability, Fixed Asset to Total Asset as a measure of asset structure, natural logarithm of total assets as a measure of company size and Debt Equity Ratio as a measure of capital structure. This research was conducted on property and real estate sector companies listed on the IDX (Indonesia Stock Exchange) for the period of 2014-2017. The method used in this study was a multiple regression analysis of panel data tested using software eviews 9.0. The results of this study are that profitability has a significant negative effect and firm size has a significant positive effect on capital structure. While the asset structure has no influence on the capital structurePendanaan dalam suatu perusahaan merupakan salah satu tolak ukur dalam keberhasilan dalam perusahaan. Karena hal tersebut, keputusan dalam struktur modal perusahaan harus diambil dengan penuh pertimbangan yang ada. Dalam menentukan struktur modal tersebut, terdapat profitabilitas, struktur aktiva, dan ukuran perusahaan sebagai faktor yang mempengaruhi struktur modal. Faktor tersebut diukur menggunakan rasio keuangan yaitu Return on Asset sebagai alat ukur profitabilitas, Fixed Asset to Total Asset sebagai alat ukur struktur aktiva, logaritma natural dari total aset sebagai alat ukur ukuran perusahaan dan Debt Equity Ratio sebagai alat ukur struktur modal. Penelitian ini dilakukan pada perusahaan sektor property dan real estate yang terdaftar dalam BEI (Bursa Efek Indonesia) periode 2014- 2017. Metode yang digunakan dalam penelitian ini adalah analisis regresi berganda data panel yang diuji menggunakan software eviews 9.0. Adapun hasil penelitian ini adalah profitabilitas memiliki pengaruh negatif signifikan dan ukuran perusahaan memiliki pengaruh positif signifikan terhadap struktur modal. Sedangkan struktur aktiva tidak memiliki pengaruh terhadap struktur modal.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
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