Penelitian ini bertujuan untuk membuktikan secara empiris pengaruh struktur modal terhadap profitabilitas perusahaan sektor pertambangan yang terdaftar di Bursa Efek Indonesia pada periode 2014-2018. Sampel penelitian terdiri dari 11 perusahaan pertambangan yang memenuhi kriteria penarikan sampel. Variabel independen adalah struktur modal, sedangkan variabel dependen adalah profitabilitas. Teknik pengumpulan data dilakukan dengan teknik dokumentasi, selanjutnya dianalisis dengan menggunakan persamaan regresi linier berganda yang diolah melalui program software SPSS. Hasil dari penelitian memberikan bukti bahwa debt to equity ratio memiliki hubungan negatif signifikan terhadap profitabilitas. Sementara debt to asset ratio serta longterm debt to equity ratio tidak memiliki peran dalam menjelaskan profitabilitas.
Penelitian ini bertujuan untuk memberikan bukti empiris mengenai peran profitabilitas, ukuran perusahaan serta pertumbuhan perusahaan dalam menjelaskan variabilitas struktur modal. Pengambilan sampel penelitian menggunakan metode purposive sampling. Sampel penelitian yang memenuhi kriteria berjumlah 34 perusahaan sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia periode 2015-2018. Variabel independen terdiri dari profitabilitas, ukuran perusahaan serta pertumbuhan perusahaan. Dalam penelitian ini, pengujian hipotesis dilakukan dengan menggunakan regresi linear yang diolah melalui software SPSS. Nilai koefisien determinasi sebesar 98,58% artinya variabilitas struktur modal dipengaruhi oleh variabel profitabilitas, ukuran perusahaan dan pertumbuhan perusahaan. Berdasarkan hasil analisis regresi linier dengan tingkat signifikansi 5%, hasil penelitian memberikan bukti bahwa terdapat hubungan negatif dan signifikan antara profitabilitas dengan struktur modal serta terdapat hubungan positif dan signifikam antara pertumbuhan perusahaan dengan struktur modal. Penelitian ini juga memberikan bukti bahwa ukuran perusahaan tidak memiliki peran sebagai determinan struktur modal. Kata kunci: pertumbuhan; profitabilitas; struktur modal; ukuran ABSTRACT. This study aims to provide empirical evidence regarding the role of profitability, firm size and firm growth in explaining the variability of capital structure. The research sample was taken using purposive sampling method. The research sample that met the criteria was 34 companies in the consumer goods industry which were listed on the Indonesia Stock Exchange for the 2015-2018 period. The independent variables consist of profitability, company size and company growth. In this study, hypothesis testing was carried out using linear regression processed through SPSS software. The coefficient of determination is 98.58%, meaning that the variability of the capital structure is influenced by the variables of profitability, company size and company growth. Based on the results of linear regression analysis with a significance level of 5%, the results provide evidence that there is a negative and significant relationship between profitability and capital structure and there is a positive and significant relationship between company growth and capital structure. This study also provides evidence that firm size has no role as a determinant of capital structure.
This study aims to provide empirical evidence related with financialsector performance and the development of fintech lending inIndonesia during the Covid-19 pandemic. The sample consisted of4 State-Owned Enterprises (BUMN) in the financial sector and 149financial technology (fintech) companies registered in the FinancialServices Authority (OJK). This research used descriptive statistics.The results show that during the Covid-19 pandemic, theperformance of State-Owned Enterprises (SOEs) in the financialsector and financial technology companies (fintech) has increased.However, the increase in the performance of State-OwnedEnterprises (SOEs) in the financial sector and financial technology(fintech) companies during pandemic was still below theperformance increase before the Covid-19 pandemic in Indonesia.
Financial distress merupakan suatu kondisi di mana sebuah perusahaan mengalami kesulitan keuangan. Adanya fenomena perusahaan yang ter-delisting dari Bursa Efek Indonesia menjadi dasar untuk mengkaji ulang model prediksi kesulitan keuangan yang tepat. Penelitian ini bertujuan untuk memberikan bukti secara empiris mengenai pengaruh leverage dan profitabilitas dalam memprediksi financial distress. Sampel penelitian diperoleh dengan menggunakan metode purposive sampling. Sampel penelitian yang memenuhi kriteria sebanyak 40 perusahaan sektor pertambangan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2016-2018. Dalam penelitian ini, pengelompokkan perusahaan yang mengalami financial distress menggunakan model Altman Z-score. Pengujian hipotesis dalam penelitian ini menggunakan regresi logistik. Berdasarkan hasil analisis regresi logistik dengan tingkat signifikansi 5%, hasil penelitian ini menunjukkan bahwa leverage memiliki pengaruh negatif dan signifikan terhadap prediksi financial distress serta profitabilitas memiliki pengaruh positif dan signifikan terhadap prediksi financial distress. Penelitian selanjutnya diharapkan mempertimbangkan aspek makroekonomi dalam memprediksi kondisi financial distress perusahaan.
Predictions of financial distress has a central role for the company's going concern aspects. This research aims to empirically prove the role of profitability, leverage and liquidity in financial distress. The research population comprised all companies incorporated in the agricultural sector as well as basic industry and chemical sectors. The research sample obtained as many as 380 observations through the purposive sampling method. This study uses logistic regression analysis. This study provides evidence of significant role between profitability and liquidity on financial distress condition in the agricultural sector as well as the basic industry and chemical sectors. In the basic industry and chemical sectors, leverage has a significant role on financial distress condition.
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