Determinan Struktur Modal Pada Perusahaan Sub Sektor Kosmetik yang  Go Publik di Bursa Efek Indonesia

Ariawan, Ariawan; Dudu, Vebriyanti

doi:10.30603/ab.v15i1.962

Cited by 4 publications

(5 citation statements)

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“…Pecking order theory mengindikasikan pengaruh negatif profitabilitas terhadap struktur modal sedangkan trade-off theory mengindikasikan pengaruh positif profitabilitas terhadap struktur modal. Pengaruh positif profitabilitas terhadap struktur modal ditemukan oleh Adepoju (2020), Akpinar (2016), Ariawan & Dudu (2019), Dewi & Sudiartha (2017). Pengaruh negatif profitabilitas terhadap struktur modal di temukan oleh Kuč & Kaličanin (2021) yang didukung temuan Febrianty dkk.…”

Section: Pendahuluanunclassified

Internal Determinan Struktur Modal Pada Perusahaan Tambang Batubara Di Bursa Efek Indonesia

Suastawa,

Candraningrat

2023

EEB

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Companies in carrying out operations and developing business certainly require capital and additional capital. The purpose of this study was to determine the internal determinants of capital structure. This research was conducted on coal mining sub-sector companies on the Indonesia Stock Exchange for the period 2016 – 2020. In this study, five independent variables were used, namely profitability, company size, liquidity, non-debt tax shield, and company growth, while the dependent variable was structure capital. The sample used was determined by purposive sampling method and obtained 22 companies as a sample of a total of 24 listed companies. The data in this study were collected using the non-participant observation method by making observations on the company's financial statements. The data analysis technique used is multiple linear regression analysis. The results of multiple linear regression analysis show that profitability and liquidity have a significant negative effect on capital structure, firm size and firm growth have a significant positive effect on capital structure, but the non-debt tax shield variable does not have a negative effect on capital structure.

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Section: Pendahuluanunclassified

Internal Determinan Struktur Modal Pada Perusahaan Tambang Batubara Di Bursa Efek Indonesia

Suastawa,

Candraningrat

2023

EEB

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“…Namun sebaliknya apabila perusahaan memiliki tingkat aset tetap tinggi maka kecil kemungkinan asimetri informasi akan terjadi karena penilaian asetnya lebih mudah sehingga perusahaan lebih memilih untuk menerbitkan saham dibanding berhutang (Hestuningrum & Darsono, 2012), Sejalan temuan (Wulandari & Artini, 2019) ukuran perusahaan memiliki pengaruh positif signifikan terhadap struktur modal. Penelitian ini berbeda dengan yang dilakukan (Joni & Lina, 2018) (Ariawan & Dudu, 2019) Menemukan ukuran perusahaan, tidak berpengaruh terhadap struktur modal. Sesuai (Armelia & Ruzikna, 2016) yang menyatakan ukuran perusahaan tidak berpengaruh signifikan terhadap struktur modal.…”

Section: Pengaruh Ukuran Perusahaan Terhadap Struktur Modal (Perspekt...unclassified

“…Hasil penelitian ini didukung oleh penelitian (Ariawan & Dudu, 2019) menemukan Profitabilitas meningkat maka akan selalu diikuti dengan kenaikan struktur modal dan begitu juga sebaliknya. Demikian juga temuan (Zahro, Mardani, & Wahono, 2019) karena perusahaan yang memperoleh keuntungan dengan penjualan asetnya tinggi lebih banyak memiliki sumber dana internalnya daripada perusahaan yang memperoleh keuntungan sedikit.…”

Section: Pengaruh Profitabilitas Terhadap Struktur Modal (Perspektif ...unclassified

Determinan Struktur Modal: Perspektif Pecking Order Theory dan Trade-off Theory

Ariawan

Solikahan

2022

JTEBR

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This study aims to determine how much influence the asset structure, non-debt tax shields, firm size and profitability have on the capital structure of the Food and Baverages Sub-Sector Companies listed on the Indonesia Stock Exchange. The method used in this study is a quantitative method. The data analysis technique used in this research is multiple regression analysis. Asset structure has a positive and significant impact on the capital structure of companies listed in the Food and Beverage Industry Sector on the IDX for the 2014-2018 period. With the value of the beta coefficient included in the low category, the results of this study are in accordance with the Trade-off theory. Non-debt tax shields have no significant effect on the capital structure of companies listed in the Food and Beverage Industry Sector on the IDX for the 2014-2018 period. With the value of the beta coefficient being very low, the results of this study are not in accordance with the trade-off theory. Firm size has a significant effect on the capital structure of companies listed in the Food and Beverage Industry Sector on the IDX for the 2014-2018 period. With a low beta coefficient value. The results of this study are not in accordance with the pecking order theory. Profitability has a positive and significant effect on the capital structure of companies in the Food and Beverage Industry Sector Listing on the IDX for the 2014-2018 period. With the value of the beta coefficient is included in the low category. The results of this study are in accordance with the pecking order theory.

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“…Selain struktur modal, profitabilitas juga berperan penting dalam menjaga kelangsungan hidup perusahaan dalam jangka panjang, karena profitabilitas menunjukkan baik atau tidaknya prospek masa depan perusahaan. Salah satu ukuran keberhasilan manajemen dalam mengelola perusahaan adalah profitabilitas (Ariawan & Dudu, 2019) sejalan dengan yang dikemukakan oleh (Brigham E. F., 2015, hal. 246) Profitabilitas adalah hasil akhir dari banyak kebijakan dan keputusan manajemen perusahaan.…”

Section: Nounclassified

Dampak Struktur Modal dan Profitabilitas terhadap Nilai Perusahaan pada Sub Sektor Perkebunan yang Go Publik di Bursa Efek Indonesia

Gaffar

Ariawan

2021

JTEBR

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This study aims to determine the effect of capital structure (X1), profitability (X2) simultaneously and partially on firm value in plantation sub-sector companies that go public on the Indonesia Stock Exchange. This study uses a quantitative approach. Determining the sample of companies using purposive sampling technique by considering companies that are listed and no listed on the Indonesia Stock Exchange and have financial statements from 2015-2019, so the total sample is 7 companies in the plantation sub-sector. Sources data of research are from audited company annual reports and from the Indonesia Stock Exchange (www.idx.co.id) and ICMD (Indonesia Capital Market Directory). The result of the study shows that the capital structure and profitability simultaneously have a significant effect on firm value. Capital structure partially has no significant effect on firm value in plantation sub-sector companies listed on the Indonesia Stock Exchange.

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Determinan Struktur Modal Pada Perusahaan Sub Sektor Kosmetik yang Go Publik di Bursa Efek Indonesia

Cited by 4 publications

References 0 publications

Internal Determinan Struktur Modal Pada Perusahaan Tambang Batubara Di Bursa Efek Indonesia

Internal Determinan Struktur Modal Pada Perusahaan Tambang Batubara Di Bursa Efek Indonesia

Determinan Struktur Modal: Perspektif Pecking Order Theory dan Trade-off Theory

Dampak Struktur Modal dan Profitabilitas terhadap Nilai Perusahaan pada Sub Sektor Perkebunan yang Go Publik di Bursa Efek Indonesia

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