• Tidak ada hasil yang ditemukan

Determinan Struktur Modal Pada Perusahaan Manufaktur Di Bursa Efek Indonesia.

N/A
N/A
Protected

Academic year: 2017

Membagikan "Determinan Struktur Modal Pada Perusahaan Manufaktur Di Bursa Efek Indonesia."

Copied!
2
0
0

Teks penuh

(1)

i ABSTRAK

Struktur modal

merupakanmasalahpentingdalampengambilankeputusanmengenaipendanaanperusaha an.Bauranutangdanekuitasuntukpendanaanperusahaanmerupakanbahasanutamadarike

putusanstruktur modaldimanastruktur modal optimal

sebuahperusahaanadalahkombinasiutangdanekuitas

Penelitianinimengujipengaruhstrukturaktiva, profitabilitas, peluangpertumbuhandanrisikobisnisterhadapstruktur

modal.Selainitupenelitianinijugamengujiapakahukuranperusahaanmemperkuatataumemperle mahhubunganvariabelindependenterhadapvaribeldependen.Populasidalampenelitianiniadalah perusahaan-perusahaanmanufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periodetahun 2008-2010.Teknikpengambilansampelmenggunakanpurposive sampling, sedangkanteknikanalisismenggunakananalisisregresi data panel.

Berdasarkanhasilpenelitianmenunjukkanbahwastrukturaktiva, profitabilitas, peluangpertumbuhandanrisikobisnisberpengaruhnegatifdansignifikanterhadapstruktur modal perusahaan. Denganadanya size sebagaivariabelmoderasistrukturaktiva, profitabilitasdanpertumbuhanperusahaantetapberpengaruhnegatifdansignifikansedangkanrisik obisnisberpengaruhpositifdantidaksignifikan.Selainituukuranperusahaanmemperlemahpengar uhnegatifprofitabilitasdanpertumbuhanperusahaanterhadapstruktur modal.

(2)

ii ABSTRACT

The capital structureis an important issuein decisions aboutcorporate funding. Mixof debtandequityfinancingforcompanies isthe main discussionof thecapital structure decisionsin which theoptimalcapitalstructure ofa companyis acombination ofdebtandequity.

This studyexamined the effect ofasset structure, profitability, growth opportunitiesand business risksof thecompany'scapital structure. In addition, this study also testedwhether thesize of the companyto strengthenor weakenthe relationshipof independent variables onthe dependentvariable. The populationin this study ismanufacturing companieslistedon theIndonesia Stock Exchange (BEI) in the period of 2008-2010. The sampling technique usedpurposive sampling andtechniques data analysis using regression panel data.

These results indicate that the asset structure, profitability, growth opportunities and business risk has a significant negative impact on the capital structure of the company. With the size as a moderating variable, asset structure, profitability and growth opportunities has a significant negative. While the business risk has a not significant positive effect.The results also showed that the firm size weakens the negative effect of growth opportunities and profitability on capital structure.

Referensi

Dokumen terkait

Tujuan dari penelitian ini adalah untuk mengetahui pengaruh variabel Firm size, Book value, Earning Per Share, Return On Asset terhadap Return Saham.. Sekaligus

In the second equation, liquidity had positive and not significant effect on dividend payout ratio, leverage had negative and not significant effect on dividend

The study was conducted to analyze the effect of firm value, leverage, firm size, profitability, portion of shares owned by public, liquidity, and type of

Penelitian ini bertujuan untuk mengetahui pengaruh Non-Debt Tax Shield, Firm Size, Business Risk dan Growth Opportunity terhadap Struktur Modal pada perusahaan

The study found that firm size significant positive effect on the use of private debt model 1 and 2, firm size quadratic significant negative effect on the

Debt policy as measured by DER on automotive industry Insignificant negative to the firm value while on property industry insignificant positive effect to the firm value. Key words

"Pengaruh Current Ratio, Debt to Equity Ratio, Firm Size Terhadap Net Profit Margin Pada Perusahaan Perdagangan Besar Produksi yang Terdaftar di Bursa Efek Indonesia", STATERA: Jurnal

The research result showed that sales growth had a negative and insignificant effect on the firm value of good and beverages companies, liquidity had a negative and significant effect