i ABSTRAK
FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN SEKTOR PROPERTY, REALESTATE,
DAN KONSTRUKSI DI BURSA EFEK INDONESIA TAHUN 2010-2013
Penelitian ini bertujuan untuk mengetahui dan menganalisis faktor faktor yang mempengaruhi struktur modal pada perusahaan sektor property, realestate, dan konstruksi di Bursa Efek Indonesia (BEI) tahun 2010-2013. Jenis data yang digunakan adalah data sekunder yang bersumber dari laporan keuangan perusahaan sektor property, realestate, dan konstruksi yang terdaftar di Bursa Efek Indonesia (BEI). Penelitian ini menggunakan tehnik analisis deskriptif dan analisis regresi linear berganda dengan metode Random Effects Model (REM). Hasil penelitian menunjukkan bahwa secara simultan Ukuran Perusahaan (Firm
Size), Return on Assets, Risiko Bisnis, Time Interest Earned, dan Pertumbuhan
Aktiva berpengaruh positif dan signifikan terhadap Debt to Assests Ratio pada perusahaan property, realestate, dan konstruksi di Bursa Efek Indonesia periode 2010-2013. Secara parsial Ukuran Perusahaan (Firm Size) dan Risiko Bisnis berpengaruh singifikan terhadap Debt to Assets Ratio sedangkan Return on Assets,
Time Interest Earned, dan Pertumbuhan Aktiva tidak berpengaruh signifikan
terhadap Debt to Assests Ratio pada perusahaan property, realestate, dan konstruksi di Bursa Efek Indonesia periode 2010-2013. Nilai koefisien determinasi sebesar 10,10% sedangkan sisanya sebesar 80,90% dijelaskan oleh variabel lain yang tidak diikutsertakan dalam penelitian ini.
Kata Kunci : Ukuran Perusahaan (Firm Size), Return on Assets, Risiko Bisnis, Time Interest Earned, Pertumbuhan Aktiva, dan Debt to Assets Ratio.
ii ABSTRACT
FACTORS AFFECTING THE CAPITAL STRUCTURE IN PROPERTY SECTOR, REALESTATE, AND CONSTRUCTION IN INDONESIA
STOCK EXCHANGE YEAR 2010-2013
This study aims to identify and analyze the factors affect capital structure of the company's property, realestate, and construction sector in the Indonesian Stock Exchange (BEI) 2010-2013. The data used is secondary data obtained from the company's financial statements the property sector, realestate, and construction sector listed on the Indonesia Stock Exchange (BEI). This research uses descriptive analysis techniques and multiple linear regression analysis with the method of Random Effects Model (REM). The results showed that simultaneous Company Size (Firm Size), Return on Assets, Business Risk, Time Interest Earned and Growth Assets have a positive and significant impact on the Debt to assests Ratio on company property, realestate, and construction sector in Indonesia Stock Exchange period 2010 -2013. Partially Company Size(Firm Size) and Business Risk have a singifikan impact on Debt to Assets Ratio while Return on Assets, Time Interest Earned, and the growth of assets does not significantly influence on Debt to assests Ratio on company property, realestate, and construction sector in the Indonesia Stock Exchange 2010-2013. Coefficient of determination 10,10% while the remaining 80.90% is explained by other variables not included in this study.
Keywords: Company Size (Firm Size), Return on Assets, Business Risk, Time Interest Earned, Growth Assets, and Debt to Assets Ratio.
