ABSTRAK
PENGARUH PERUBAHAN FINANCIAL LEVERAGE TERHADAP TINGKAT EARNING PER SHARE PADA PERUSAHAAN PERKEBUNAN
DAN PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA
Penelitian ini bertujuan untuk melihat pengaruh perubahan financial leverage dengan indicator Debt to Total Asset Ratio (DAR), Debt to Equity Ratio (DER), Long Term Debt to Total Asset Ratio (LDAR), dan Long Term Debt to Equity Ratio terhadap Earning Per Share (EPS) pada perusahaan perkebunan dan pertambangan yang terdaftar di Bursa Efek Indonesia. Metode analisis yang digunakan adalah metode analisis deskriptif dan statistik yang menggunakan alat analisis regresi linear berganda, pengujian signifikan simultan dan pengujian signifikan parsial. Populasi dalam penelitian ini berjumlah 27 perusahaan dengan populasi sasaran sebanyak 18 perusahaan.
Hasil penelitian dengan SPSS ini menunjukkan bahwa secara simultan variabel Debt to total Asset Ratio (DAR), Debt to Equity Ratio (DER), Long Term Debt to Total Assset Ratio (LDAR), dan Long term Debt to Equity Ratio (LDER) tidak berpengaruh signifikan terhadap Earning Per Share (EPS). Sedangkan secara parsial variabel Debt to Total Asset Ratio (DAR) mempunyai pengaruh negatif yang signifikan terhadap Earning Per Share (EPS), variabel Debt to Equity Ratio mempunyai pengaruh negatif yang signifikan terhadap Earning Per Share (EPS), variabel Long term Debt to Total Asset Ratio (LDAR) mempunyai pengaruh negatif yang signifikan terhadap Earning Per Share (EPS), dan variabel Long term Debt to Equity Ratio (LDER) mempunyai pengaruh negatif yang signifikan terhadap Earning Per Share (EPS) pada perusahaan perkebunan dan pertambangan yang terdaftar di Bursa Efek Indonesia.
Kata Kunci : Debt to Total Aset Ratio, Debt to Equity Ratio, Long Term Debt to Total Asset Ratio, Long Term Debt to Equity Ratio, Earning Per Share
ABSTRACT
INFLUENCE OF CHANGES IN FINANCIAL LEVERAGE ON THE EARNING PER SHARE IN THE PLANTATION AND MINING COMPANIES
LISTED ON THE INDONESIA STOCK EXCHANGE
This Research aim to see the influence of changes in financial leverage with the indicator Debt to Total Asset Ratio (DAR), Debt to Equity Ratio (DER), Long Term Debt to Total Asset Ratio (LDAR), Long Term Debt to Equity Ratio (LDER) of Earning Per Share (EPS) on the plantation and mining companies listed on the Indonesia stock exchange. Analysis Method used by descriptive analysis method and statistic using doubled linear regression analyzer, examination of significant and examination of signifikan parsial. Population in this research amount to 27 companies with the target population as much 18 companies.
The result with SPSS shows that simultan debtvariabel Debt to Total Asset Ratio (DAR), Debt to Equity Ratio (DER), Long Term Debt to Total Asset Ratio (LDAR), Long Term Debt to Equity Ratio (LDER) had no influence significantly to the Earning Per Share (EPS). While partial variabel Debt to Total Asset Ratio (DAR) has a significant negative influence on Earning Per Share (EPS), Variable Debt to Equity Ratio (DER) also had a significant negative influence on Earning Per Share (EPS), Variabel Long Term Debt to Total Asset Ratio (LDAR) also had a significant negative on Earning Per Share (EPS), and Variabel Long Term Debt to Equity Ratio (LDER) have a significant negative influence on Earning Per Share (EPS) on the plantation and mining companies listed on Indonesia stock exchange.
Keyword : Debt to Total Aset Ratio, Debt to Equity Ratio, Long Term Debt to Total Asset Ratio, Long Term Debt to Equity Ratio, Earning Per Share
