Analisis Pengaruh Struktur Modal Terhadap Kinerja Keuangan Perusahaan

Komara, Achmad; Hartoyo, Sri; Andati, Trias

doi:10.26905/jkdp.v20i1.141

Cited by 28 publications

(34 citation statements)

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“…Variabel yang sangat penting dalam kemajuan dan menjaga presensi perusahaan adalah modal. Manajemen perusahaan senantiasa dihadapkan pada keputusan untuk menentukan komposisi struktur modal antara modal internal dan eksternal (Komara et al, 2014). Perusahaan-perusahaan yang objektif akan berusaha dalam menentukan struktur modal secara ideal dan menambah modal baru sesuai target dengan tetap menjaga keselarasan struktur modal perusahaan, termasuk perbankan.…”

Section: Pendahuluanunclassified

Pengaruh Debt to Equity Ratio (Der) Dan Debt to Asset Ratio (Dar) Terhadap Kinerja Perusahaan Di Sektor Keuangan Yang Terdaftar Di Bursa Efek Indonesia

Efendi

Wibowo

2017

JAMA

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Comparison between self-capital and foreign capital structured in capital structure into an instrument used by companies to plan and take debt usage policies in maximizing profits and stock prices company. Banking in conducting its operational activities must have a large enough capital and well structured, in order to avoid the financial problems. To attract investors, banks are urged to improve their performance that can be assessed from bank financial statements in providing information to investors. This study aims to determine the partial influence of capital structure proxyed with leverage ratios those are Debt to Equity Ratio (DER) and Debt to Asset Ratio (DAR) to company performance seen from its profitability with Return on Asset (ROA) and Return on Equity (ROE) of banking companies for 3 years. This study used a sample of 30 banks for 3 years from 2013-2015 by using panel data regression analysis. The results showed partially DER variables affect the ROA and ROE, and partially DAR variables affect the ROA and no effect on ROE. This study is limited to a banking company only and within 3 years, it should be able to use other corporate sectors and longer periods of time. Further research is expected to add research variables, corporate sectors, samples and add to the study period. Keywords: Capital Structure, Banking, Corporate Performance, Leverage, Debt to Equity Ratio (DER), Debt to Asset Ratio (DAR), Return on Assets (ROA), Return on Equity (ROE)

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Section: Pendahuluanunclassified

Pengaruh Debt to Equity Ratio (Der) Dan Debt to Asset Ratio (Dar) Terhadap Kinerja Perusahaan Di Sektor Keuangan Yang Terdaftar Di Bursa Efek Indonesia

Efendi

Wibowo

2017

JAMA

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“…In facing competition, every company has to grow and develop sustainably in order to make stakeholders believe the company. To support business' growth and development, the company needs funding or capital source to be able to fund its operational and investment activities (Komara et al, 2016). Problems of funding management relate to how the company determines funding source that will be used to run and develop investment and operational activities of the company (Nisak & Ardiansari, 2016).…”

Section: Introductionmentioning

confidence: 99%

The Effect of Ownership Structure, Profitability, Firm Size and Tangibility on Capital Structure

Iswarini¹,

Ardiansari²

2018

MAJ

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The important decision faced by financial management which relates to the continuity of company operations is funding decision which is capital structure. Capital structure achieves optimal value if the composition of debt and capital are able to increase company value. The purpose of this research is to examine the effect of ownership structure, profitability, firm size, and tangibility against capital structure (research on manufacturing companies listed on Indonesia Stock Exchange period 2012-2016). The population in this research were all manufacturing companies listed on the Indonesia Stock Exchange 2012-2016. This research used purposive sampling method with certain criteria to determine the sample. The sample used was 38 companies with the research period 2012-2016 at manufacturing companies listed on the Indonesia Stock Exchange. Multiple regression analysis using Eviews 8 was used to analyze the data. The result of multiple linear regression test showed that there were three independent variables that affect capital structure they were managerial ownership, firm size and tangibility. Whereas institutional ownership and profitability did not affect the capital structure of manufacturing companies in 2012-2016. The conclusion of this research is managerial ownership, firm size and tangibility have positive and significant effect on capital structure, while institutional ownership and profitability have negative and insignificant effect on capital structure.

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“…(Kristianti, 2018) melakukan penelitian pada perusahaan pendanaan yang terdaftar di Bursa Efek Indonesia, hasil penelitiannya bawah struktur modal (DAR & DER) berpengaruh positif terhadap kinerja keuangan perusahaan. Sedangkan (Komara, Hartoyo, & Andati, 2016)…”

Section: Pendahuluanunclassified

Analisis Pengaruh Struktur Modal Terhadap Kinerja Keuangan Perusahaan Manufaktur Sub Sektor Makanan dan Minuman Yang Terdaftar di Bei Tahun 2015-2019

Liando¹

2021

jist

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Penelitian ini bertujuan untuk mengetahui pengaruh dari struktur modal terhadap kinerja keuangan perusahaan sektor manufaktur sub sektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia tahun 2015-2019. Variabel yang digunakan untuk mengukur struktur modal adalah debt to equity ratio (DER), debt to asset ratio (DAR) dan Long-term Debt Equity Ratio (LDER). Sedangkan variabel yang digunakan untuk mengukur kinerja keuangan perusahaan yaitu rasio profitabilitas return on equity (ROE). Populasi penelitian ini adalah perusahaan sektor manufaktur sub sektor makanan dan minuman yang terdaftar di BEI Periode 2015-2019. Metode sampling adalah purposive sampling dengan jumlah sampel 10 perusahaan. Penelitian ini menggunakan metode analisis regresi berganda dengan tingkat signifikansi alpha 5%. Hasil dari penelitian ini, menunjukkan bahwa variabel struktur modal DER memiliki pengaruh positif dan signifikan terhadap ROE. Variabel struktur modal DAR memiliki pengaruh negatif dan signifikan terhadap ROE. Sedangkan variabel LDER memiliki pengaruh positif dan signifikan terhadap ROE.

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Analisis Pengaruh Struktur Modal Terhadap Kinerja Keuangan Perusahaan

Cited by 28 publications

References 0 publications

Pengaruh Debt to Equity Ratio (Der) Dan Debt to Asset Ratio (Dar) Terhadap Kinerja Perusahaan Di Sektor Keuangan Yang Terdaftar Di Bursa Efek Indonesia

Pengaruh Debt to Equity Ratio (Der) Dan Debt to Asset Ratio (Dar) Terhadap Kinerja Perusahaan Di Sektor Keuangan Yang Terdaftar Di Bursa Efek Indonesia

The Effect of Ownership Structure, Profitability, Firm Size and Tangibility on Capital Structure

Analisis Pengaruh Struktur Modal Terhadap Kinerja Keuangan Perusahaan Manufaktur Sub Sektor Makanan dan Minuman Yang Terdaftar di Bei Tahun 2015-2019

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