• Tidak ada hasil yang ditemukan

Analisis Faktor-Faktor yang Mempengaruhi Struktur Modal pada Perusahaan Manufaktur yang Listing di Bursa Efek Indonesia

N/A
N/A
Protected

Academic year: 2021

Membagikan "Analisis Faktor-Faktor yang Mempengaruhi Struktur Modal pada Perusahaan Manufaktur yang Listing di Bursa Efek Indonesia"

Copied!
16
0
0

Teks penuh

(1)

! " ! " # $ %& ! " # $ # % & ' ( (( )" # ' * + ' ! " # ' ( ' ) ) * * + , ' - ) * # ( # # * # * * * -* * * * ) # ) * ) * # + * , . / " + %%%, 0 1 * + 223, * # ' * * # # * # * ) * * - " # * . (. ) # * * # ) 4 + 225, 0 1 * + 223, # *1 * * . ) # * * * - * # * # # * # -- 6 # # *1 -- # * ) * * # -" # # * # * * #

(2)

* # - " * * ) * * -# ) * # # # - 4 ) * ( ) # ( * * * . ) # ( # - * * # * ) # . ' * * - / * * * -) * # ) ) * - ' . ( . * # # # ) . . (. * * * - 1 - + %$ , - + %$5, 7 4 8 + %$ , 9 + %$$, 6 # '* + %$$, 4 ' (4 + %%2, ) : + %% , . (. # . 8 1 * . # . ; # ( - < * # # . (. ' * * * -* # . (. * # * * * * * + - , # * * + ' , . # + , + ' * , + * , ' * * 4 . . 0 * 225( 223-# $ % & ! " * 4 . . . 0 # # * &5 * * * # &2 * -= # # # - " * # # * # * * . # -# * ) * # # # # -' ( ) * + ,-# $ % ! #% ( # & % ,.

(3)

#% -/ & ! &! ! 6 > 9 * * * * 4 . . 0 6 > 9 * # * * * * 4 . . 0 6& > 9 * . # * * 4 . . 0 65- > 9 * 1 * * * 4 . . 0 65-# > 9 * 1 * * * 4 . . 0 6 > 9 * * * 4 . . 0 63 > 9 * * # * * . # * * 4 . . 0 !& ! 4 * # +" 225? &,> 0 1 %-,-1 %.,.1 %2,21 %3,31 %4,41 5 > @ A " * A &6 ! % ! ) &6 ! % !7+ ,2 ! '! # ' ) " ( ! 8! + ,3 ! '! & )9 ! ! 8! + ! '! '! : ) ! ! 8! + ,4 $ $

(4)

# (# A . B A " * B A " # * " * B& A " . # B5 A B A C A ; & # ! ! ) # ) ) * # # +D* 8 22 ? 2,- 4 # * # - * . # # # # . * # -< ; &! * # # * * ) * ' * + ) , ' + ) , . ( /. 0, 62A 9 * . # ( # + * # * * . # , * # + , 6 A 9 * . # ( # + * # * * . # , * # + ,- * # * # ) -# * E # 6 62 - # ' # ( # * * # - # ) * F # 6 62 # ' # ( # * * # -. /. 1, ) * * # ' # * * # - = # * # # > * E # A 62 6

(5)

& 6 ! # . # + , * # * . ) * # * # - " # ) # # # + * # * * . # + * # + ,- # . # # ) # - = * # # # * * + # , # # * -! '! & ) + % -/ ! '! & ) + & # ( ! '! & .==3 .==4 .==> ( "9- = # 9# $ $ 5 2 GG-5 "9- 4 0 * 9# 5 $ 3 & $-2

& "9- " ' 9# -&2 $3 3G &- 2

5 "9- 9 7 9# 35 G $&- G &3-%2

"9- " 9# ($3& & ( 22G- 5 ( 5$$-5&

3 "9- 4 9# 32 5 &-% &- 3

G "9- 9 ; 4 . ' 9# $ $& G - %

-$ "9- = = " 9# $3 3G 32- 2 - $

% "9- " ' . ' 9 # 9# (3%& G& G- 3&-G$

2 "9- 7 9# - 55 3% 53%- & 32-$G

( < (

"9- H D 4 9# $3 $ G$-5% G3-3G

"9- 4 0 9# 35 -

2G-& "9- 9 0 9# G3 3&-3G G5-&3

5 "9- " 0 9# $$ 5 %2 -G

G&-"9- * 9 ; 0 9# 3 G G5- G $ -&

3 "9- = 0 9# (& ( 5 -3% ( 2 -2&

G "9- 6 0 9# 5 &3-5 % - 5

$ "9- 0 0 9# 3G % G$-&$ 3-$%

% "9- 9# G &$ 3 -&5 &- &

2 "9- D * 9# G 53 $ - %G-3 ( 8 "9- I * # 9# 5& 25 $&-& 55-5$ "9- 4 9# $ %2 &-G2 2-&$ & "9- " * < 9# ( 33 &2-$ $G-5 5 "9- 9 9# 5G $G 5 -&2 &3- $ "9- 9 " ) * 9# 32 G G3- $ - & 3 "9- 9# ( $5 2 ( $2- % (

(6)

$ "9- 9# G5 G&-5 5 -$ % "9- = I 9# 5 2 3$- $ 3 5-$& 2 "9- 9# G % G2- G * ' ( ) ' * +,,-.+,,/ ' ( % ./ ' ( & # ( ' ( .==3 .==4 .==> ( "9- = # 9# 5 G- 3 5&G-&5 5$ - 3 "9- 4 0 * 9# 523- % 5 %-&% 5 - %

& "9- " ' 9# 525- % &%3- 2 &% -&&

5 "9- 9 7 9# 5 -G 5 $-$ 5 &- %

"9- " 9# 5&$-2& 55$- G 55$-$3

3 "9- 4 9# 52G-$ 525- 52&-G%

G "9- 9 ; 4 . ' 9# &G&-35 &G2-$2 &3$- 3

$ "9- = = " 9# &3 -%G &G&-G2 &3

-% "9- " ' . ' 9 # 9# 2 - 5 535-5 5&3-$%

2 "9- 7 9# &%3-3$ 52&- 3 5 &-53

( < (

"9- H D 4 9# &5 -3G & 2-52 & $-35

"9- 4 0 9# & -&& & 3- G && - % & "9- 9 0 9# &5 -$& &5&- 5 && -5

5 "9- " 0 9# &5G- G &55-%G &52-3

"9- * 9 ; 0 9# & 2- % & $-GG & $- %

3 "9- = 0 9# & - $ &5 - 2 & 5-%

G "9- 6 0 9# &5G- G & &- 2 &5 -&%

$ "9- 0 0

9# & -%3 &53-52 &5&-&&

% "9- 9# &&$-3 &52-5G &5$- 5

2 "9- D * 9# & - & -%& & G-%

( 8

"9- I * # 9# 2- G2- 5- 5

"9- 4 9# %- G G-%% $-&G

& "9- " * < 9# 2%-$ -G% G- 2

5 "9- 9 9# &23-2% &2G-3 &2

(7)

3 "9- 9# 35-3 G- G 5$- $

G "9- ; =) ) 9# 32- 32- 3&-5$

$ "9- 9# 5G- & 5$ - 3 - 3

% "9- = I

9# %&-3& 5 - %

3$-2 "9- 9# % -3 &% -&& % -%&

* ' ( ) ' * +,,-.+,,/ ! #% ( ( % 2/ ! #% ( ( & # ( ! #% ( ( .==3 .==4 .==> ( "9- = # 9# 2-G& $- % 5G-G% "9- 4 0 * 9# 5-$5 &-$ -& "9- " ' 9# 2- 5 - % ( -2& 5 "9- 9 7 9# 33-55 -5% ( - $ "9- " 9# (5- ( -2G (2-5

3 "9- 4 9# -& &2- $ G-&

G "9- 9 ; 4 . ' 9# 5- 3 &- ( -&5 $ "9- = = " 9# $&-$5 35-%3 G-%% % "9- " ' . ' 9 # 9# (& -G (& -%% (55-$3 2 "9- 7 9# - G G- $ ( -2% ( < ( "9- H D 4 9# &-G3 G- 3-"9- 4 0 9# 3-& %-%& 5-& "9- 9 0 9# &2-GG 2-G (%- 3 5 "9- " 0 9# $- & $-G% &- 5 "9- * 9 ; 0 9# %-5 ( -G 2-3 "9- = 0 9# ( 5-G (G- 3 (G -2& G "9- 6 0 9# - 5 $-35 ( - & $ "9- 0 0 9# $-GG 3- & ($-2 % "9- 9# 5-35 G-$3 - G 2 "9- D * 9# -$ - &-5% ( 8 "9- I * # 9# (G- 5 5&-3 3 -53 "9- 4 9# 3- 5 ( 5-3G $-G%

& "9- " * < 9# %%-$ 5&-3 &5-25

(8)

"9- 9 " ) * 9# &3-5 2-3G 5 3 "9- 9# ( G- & 3- G 5-G "9- ; =) ) 9# $-%G &-%5 %-%% $ "9- 9# $- ( -&3 ( -5 % "9- = I 9# &-2& (3-$$ ( $- 5 2 "9- 9# 5-G& 5-3G * ' ( ) ' * +,,-.+,,/ &6 ! % ! % 3/ &6 ! % ! & # ( &6 ! % ! .==3 .==4 .==> ( "9- = # 9# 3- G - 3 G-"9- 4 0 * 9# 3-3 &- & 3-2

& "9- " ' 9# ( -& ( 2- $ &-3$

5 "9- 9 7 9# - 2-5& - $ "9- " 9# ( &- 3 ( 2-%3 (2-% 3 "9- 4 9# 2-&5 2-&3 - $ G "9- 9 ; 4 . ' 9# ( -5 ( -3 ( -GG $ "9- = = " 9# 2- 2-&G 2- G % "9- " ' . ' 9 # 9# (5- % %-%% 2-5

2 "9- 7 9# (%-&$ -2& (&-5%

( < ( "9- H D 4 9# &-3 $-G% 3- 5 "9- 4 0 9# -G% - -2 & "9- 9 0 9# ( -% -$ ( 2-5 "9- " 0 9# ($-&G (5-%& (3-55 "9- * 9 ; 0 9# ( -3$ ( - 3 (%-G 3 "9- = 0 9# ($-5G ( %-& ( 2-5 G "9- 6 0 9# 2-&% ( -% ( &-G3 $ "9- 0 0 9# 2- & 2-%G 2-5 % "9- 9# $-$ %-% %- & 2 "9- D * 9# 3- 5 3-% %-( 8 "9- I * # 9# ($-%% (3- $ -5 "9- 4 9# 5-5G -%& &-& "9- " * < 9# 2-55 5 -3 5-5 "9- 9 9# 3-2$ - & &-2% "9- 9 " ) * 9# 2-2& 2-2 2-25 3 "9- 9# ( &-5 &-3G -G "9- ; =) ) 9# (G-$ ( - ( -%G

(9)

$ "9- 9# &- 5 $- G-5&

% "9- = I

9# ( -5& ( -$ (G-5G

2 "9- 9# &-%5 2-$& ( -&&

* ' ( ) ' * +,,-.+,,/ ! '! # ' * # * * ) * + ) ., -& % 4/ ! ! ! & " ( & # ( ! ! ! & " ( .==3 .==4 .==> ( "9- = # 9# % - $ % -3$ %2-3$ "9- 4 0 * 9# &&- 5 -3 2-2%

& "9- " ' 9# &-35 5- 5 &- 5

5 "9- 9 7 9# G$-$ G%-& G$-&

"9- " 9# G-G5 $- 5 G- 5

3 "9- 4 9# -% -5 -5

G "9- 9 ; 4 . ' 9# 3$- G 3$-GG 3G-GG

$ "9- = = " 9# $ - $ -3 $5-3

% "9- " ' . ' 9 # 9# 5-%& -5& 5-5&

2 "9- 7 9# $2-2$ $2- $ G%- $

( < (

"9- H D 4 9# %5- %5-33 %&-3

"9- 4 0 9# $&-$G $5-&G $&-&G

& "9- 9 0 9# $3- $G-23 $3

5 "9- " 0 9# %G-5 %G-% %3-%

"9- * 9 ; 0 9# %&-3 %5-

%&-3 "9- = 0 9# G3-3% GG- % G3- %

G "9- 6 0 9# - & &-2& -2&

$ "9- 0 0 9# G$- G G$-GG GG-GG

% "9- 9# G2-5 G2-% 3%-%

2 "9- D * 9# 22 GG-$G G3-$G

( 8

"9- I * # 9# $&-$5 $5-&5 $&-&5

"9- 4 9# $2-%$ $ -5$ $2-5$ & "9- " * < 9# % -% %&-5 % -5 5 "9- 9 9# G -% G&-5 G -5 "9- 9 " ) * 9# 5G- 5$ 5G 3 "9- 9# 3 -23 3 - 3 32- 3 G "9- ; =) ) 9# G2- G2-3 3%-3 $ "9- 9# $5-3 $ - $5-% "9- = I %-$% 32-&% %-&%

(10)

9# 2 "9- 9# G - 3 G -G3 G5-G3 * ' ( ) ' * +,,-.+,,/ 0 & % >/ < " ( & # ( < " ( .==3 .==4 .==> ( "9- = # 9# $-$ $-& %-& "9- 4 0 * 9# 33-53 3 -%3 33-%3 & "9- " ' 9# %3-&3 % -$3 %3-$3 5 "9- 9 7 9# - 2-G -G "9- " 9# 5 - 3 5 -G3 5 -G3 3 "9- 4 9# G$- GG-3 G$-3 G "9- 9 ; 4 . '

9# & -G& & - & & - &

$ "9- = = " 9# 5-% 5-5 -5

% "9- " ' . ' 9 # 9# 5 -2G 55- G 5 - G

2 "9- 7 9# %-% %-5 2-5

( < (

"9- H D 4 9# -% -5 3-5

"9- 4 0 9# 3- & -3& 3-3&

& "9- 9 0 9# &- & 5

5 "9- " 0 9# -3 -

&-"9- * 9 ; 0 9# 3-&$ -$$ 3-$$

3 "9- = 0 9# &-& -$ &-$

G "9- 6 0 9# %G-5G %3-%G %G-%G

$ "9- 0 0

9# -G& - & - &

% "9- 9# %- $ %-2$ &2-2$

2 "9- D * 9# -3& - & &- &

( 8 "9- I * # 9# 3- 3 -33 3-33 "9- 4 9# %-2 $- %-& "9- " * < 9# G- 3-3 G-3 5 "9- 9 9# G-2$ 3- $ G- $ "9- 9 " ) * 9# - &-23

3 "9- 9# &$-%5 &$-55 &%-55

G "9- ; =) ) 9# %-$% %-&% &2-&% $ "9- 9# -5 5-% -% % "9- = I 9# 52- &%-3 52-3 2 "9- 9# 5-G5 5- 5 - 5

(11)

* ' ( ) ' * +,,-.+,,/ ! '! '! : % ?/ ! '! '! : & # ( ! '! '! : .==3 .==4 .==> (

"9- = # 9# 5-& &3-5%

&$-"9- 4 0 * 9# 5%-G% 53- $ - 3

& "9- " ' 9# & -%5 &&-% &%- G

5 "9- 9 7 9# %-5& 5-& & -&

"9- " 9# -5 &-25 G-%

3 "9- 4 9# &&- &&- &&-G

G "9- 9 ; 4 . ' 9# 5 -2 5 - % 5&-$ "9- = = " 9# &3-5G 5 - 5 &G-$G % "9- " ' . ' 9 # 9# 5-55 5&-% &2-2 "9- 7 9# $- 5- &2- G ( < ( "9- H D 4 9# 3-&$ 32-5 33- % "9- 4 0 9# 5$-5% &G- $ & - 5 & "9- 9 0 9# G - G -55 3%-5%

5 "9- " 0 9# &%- 5&-55 &

-"9- * 9 ; 0 9# 2-&% 3-G$ 3

-3 "9- = 0 9# G-55 3-&G &- 3

G "9- 6 0 9# %-$ G-& G- G

$ "9- 0 0

9# & - G &5- 3 & -G$

% "9- 9# 32-$5 $- G-3

2 "9- D * 9# 35-%5 %-G 3&- %

( 8

"9- I * # 9# &3- 5 -G% 33-&5

"9- 4 9# G -33 G - 3 G&-3

& "9- " * < 9# 5G-&% 53-2& 2-&

5 "9- 9 9# 53- 5 5$-&3 5G-5&

"9- 9 " ) * 9# & -23 &%-G 53-$%

3 "9- 9# &G-$3 &$-25 &%- 3

G "9- ; =) ) 9# 3 - 5 3 -& 32-G& $ "9- 9# 3$-%& 3%-$G 3$-% "9- = I 9# 5G- $ 5G-& 52-& 2 "9- 9# -2% 5G-% 5 -%& * ' ( ) ' * +,,-.+,,/

(12)

. # * # # > 9 # $- = . J # 0 = ! / : ! & 7 K 4 -5G%5 & -& $%%5 %2 7 K " * &-&G2 5 - 3$3%5 %2 7 K" # * ( -25 &%3 -&G5235 %2 7 K" . # (&- 3 % - %3G 3 %2 7 K0 /1 * (- &35$5 -$ G %G% %2 7 K4

/1 * ( -&3 &3 -$ %&$ 5 %2

7 K (-% &&%G -$ G&G5 %2 ' ( ! 1/",, ; & # ! ! ' ( #% ./ 6 ' * & < ! ( 6& # ! D . # ) # *1 . 6 # # -; # ' ; ! '& ! ) # ) ) * # ) # - ) 2 * 0 * . # - J0 ( # # - * # # ) * J0 # # - *

(13)

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

(14)

' ( = # *1 # * * # * . * * 4 . -&6 ! % ! B 2 % -2/ % ; &6 ! % ! J # 9* 9 # " M A N " . # 55G %$2 2 2 G 2 2 6& ' ( = # *1 * ) * -. # # * . * * 4 . -! '! # ' B 3 ' ) ' + ( , * * # # > % -3/ % ; ! ! ! & " ( J # 9* 9 # " M A N 0 1 * G 5 %$2 2 22$ 2 2 6 5-' ( = # *1 * ) * -1 * # * . * * 4 . -' % -4/ % ; < " ( J # 9* 9 # " M A N 4 1 * %%5 %$2 2 225 2 2 65-# ' ( ! 1/",, = # *1 * ) * -1 * # * . * * 4 . -! '! '! : B 4 % ->/ % ; ! '! '! : J # 9* 9 # " M A N $5 %$2 2 23% 2 2 6 ' ( = # *1 * ) * -# * . * * 4 . -< ; $ % 8 # ! ) ; < + 6 ) # + * # * * . # , * # # >

(15)

% -?/ % ; J # * # " M A N J # G 5G5 && 2 222 2 2 63 ' ( = * * # + * # * * . # , # G 5G5 # * && ) # *1 * E # " F M * * -& 6 ! # ) . + % -C/ % & 6 ! # ) . + 4 H ) H - * - % + , -& -&25 - 22 ' ( ! 1/",, = * * * # $ * # *1 H * 2 & +& N,- = # ) # # & N 35 %N ) * # -" ) # + * # * * . # , # * * # + ,- 6 ) * # *1 * # * * . # 1 * * . * # * ' . * - " ) # *1 * # * # * * . # ' # ( # * * * # % N - ) # *1 ) * # * * . # # & N ) * # -! % ! " * # * * > * * 4 . * # * 4 . 4 . * * . (. * ) # * # * * . # . (. # * *

(16)

-D ) 0 - 22 - 4 4 # ( (( " # = > 0 1 9 * 223- = 5 ( * " " * 4 . = . " 222( 225 6 4 7 2 $86 6 81 " 0 ' ' O ' '*- 22 - 5 # * !-' ;'* > 223- 5 # * 9-' ;'* > 22G- 5 # * "-' ;'* >

Referensi

Dokumen terkait

The Autumn Issue again presents a variety of subjects in the field of contemporary Indonesian Studies: political history, linguistics, Islam and democracy, gay

Hasil dari penelitian ini menunjukkan pada tahun 2001,perusahaan mempunyai produktivitas yang tinggi relative jika dibandingkan dengan tahun 2000 kecuali untuk

diberi perlakuan atau treatment. Pemberian perlakuan atau treatment dalam model pembelajaran verba menggunakan media ball throwingpada kelas eksperimen. Pemberian

Sehubungan dengan pelaksanaan pelelangan PENGA DA A N PERA LATA N PRA KTEK DA N PERA GA SISWA SD pada Dinas Pendidikan, Pemuda dan Olah Raga Kota Bima Tahun

foraminifera yang mendominasi berasal dari genus Elphidium sp (26%) genus ini dipastikan melimpah pada stasiun pengamatan ini jenis organisme foraminifera ini termasuk kedalam

[r]

Sesuai dengan rumusan masalah yang penulis rumuskan di atas, maka tujuan dari penelitian ini terbagi ke dalam dua bagian yakni secara umum dan secara

Penelitian ini memiliki 3 tujuan, yaitu : 1) untuk mengetahui tentang gambaran penerapan teknik audit berbantuan komputer, 2) untuk mengetahui tentang gambaran