Pengaruh Struktur Modal Berdasarkan Profitabilitas, Pertumbuhan Aset, dan Ukuran Perusahaan pada Perusahaan Manufaktur

Dwijayanti, Nita and Hady, Hamdy and Elfiswandi, Elfiswandi (2019): Pengaruh Struktur Modal Berdasarkan Profitabilitas, Pertumbuhan Aset, dan Ukuran Perusahaan pada Perusahaan Manufaktur. Published in: Jurnal Informatika Ekonomi Bisnis , Vol. 1, No. 4 (14 October 2019): pp. 21-27.

Abstract

This study aims to measure the level of influence of profitability, asset growth, and company size on changes in capital structure in manufacturing companies. The method used for sample determination is purposive sampling with analytical methods using descriptive statistics, classic assumption tests and multiple panel data regression. The data tested in the study were 112 companies in the basic and chemical industry sectors, consumer goods, and the textile and garment sub-sector listed on the Indonesia Stock Exchange (IDX). The results showed that partially profitability had a negative and significant effect on capital structure, while asset growth had a positive and significant effect. Then the company must be able to choose the right combination of financing sources in order to be able to produce optimal profits.

• Item Type: MPRA Paper
• English Title: Effect of Capital Structure Based on Profitability, Asset Growth, and Company Size in Manufacturing Companies
• Language: Indonesian
• Keywords: Profitability, Asset Growth, Firm Size, Capital Structure, Manufacturing.
• Subjects: G - Financial Economics > G0 - General > G00 - General

References

[1] Joni, & Lina. (2010). Faktor-Faktor yang Mempengaruhi Struktur Modal. Jurnal Bisnis dan Akuntansi. DOI: https://doi.org/10.34208/jba.v12i2.187. [2] Maha Dewi, D., & Sudiartha, G. (2017). Pengaruh Profitabilitas, Ukuran Perusahaan, dan Pertumbuhan Aset Terhadap Struktur Modal Dan Nilai Perusahaan. E-Jurnal Manajemen, 6(4), 2222 – 2252. [3] Fahmi, I. ( 2015). Manajemen Investasi: Teori dan Soal Jawab. Edisi ke-2. Salemba Empat. Jakarta, 80. [4] Murhadi, Werner R. (2013). Analisis Laporan Keuangan Proyeksi dan Valuasi Saham. Salemba Empat, 15. [5] Kusdi. (2009). Teori Organisasi dan Administrasi. Salemba Empat. Jakarta. [6] Dewi, A. S. M., & Wirajaya, A. (2013). Pengaruh Struktur Modal, Profitabilitas dan Ukuran Perusahaan pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 4(2), 358–372. [7] Zuliani, S., & Asyik, N. F. (2014). Pengaruh Profitabilitas, Pertumbuhan Penjualan, Struktur Aset, dan Tingkat Pertumbuhan Terhadap Struktur Modal. Jurnal Ilmu & Riset Akuntansi, 3(7), 1–16. https://doi.org/10.1192/bjp.205.1.76a. [8] Brigham, & Houston. (2011). Dasar-dasar Manajemen Keuangan 2. Edisi Sebelas. Salemba Empat. Jakarta. [9] Murhadi, & Werner R. (2013). Analisis Laporan Keuangan Proyeksi dan Valuasi Saham. Salemba Empat. Jakarta. [10] Syamsuddin, L. (2011). Manajemen Keuangan Perusahaan: Konsep Aplikasi dalam Perencanaan, Pengawasan, dan Pengambilan Keputusan, Edisi baru. Penerbit Rajawali Pers Jakarta. [11] Ehrhardt, M. C,. Brigham. E. F . (2005). Financial Management : Theory And Practice, Penerbit Mason, Ohio : Thomson/South-Western. [12] Najmudin. (2011). Manajemen Keuangan dan Aktualisasi Syariyyah Modern. Penerbit Andi. Yogyakarta. [13] Prayitno, D. (2016). SPSS Handbook: Analisis Data, Olah Data, & Penyelesaian Kasus-Kasus Statistik. Penerbit MediaKom. Yogyakarta.