Pengaruh Struktur Modal Dan Intensitas Teknologi Terhadap Profitabilitas Perusahaan

Abstract

<p class="15aJudulAbstractBInggris">Abstract</p><p><em>This study was conducted to examine the effect of capital structure and technology intensity on the profitability of Food And Beverage manufacturing companies listed on the Indonesia Stock Exchange with the research year 2014 to 2019. There are 13 samples of companies, the steps used to analyze the data in this study are: 1 ) Calculating the value of Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Capital intensity Ratio (CIR), Net Profit Margin (NPM). 2) Financial report data obtained from the Indonesia Stock Exchange. This research method uses the Purposive Sampling Analysis method, the analysis used is multiple linear regression analysis using Eviews Software as software assistance for statistical data processing.</em></p><p><em>The results of this study indicate that the capital structure has a negative effect on profitability as measured by using the Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER). This is because the higher the debt level, the lower the company's profitability. In addition, there is a positive influence between the Capital Intensity Ratio (CIR) on profitability which shows that the amount of technology intensity has an effect on increasing profitability.</em><br /><br /><br /></p><p class="16aJudulAbstrak">Abstrak</p><p>Penelitian ini dilakukan untuk menguji pengaruh struktur modal dan intensitas teknologi terhadap profitabilitas perusahaan manufaktur <em>Food And Beverage</em> yang terdaftar di Bursa Efek Indonesia dengan tahun penelitian 2014 sampai 2019. Terdapat 13 sampel perusahaan, langkah- langkah yang digunakan untuk menganalisis data dalam penelitian ini adalah: 1) Menghitung nilai <em>Debt to Asset Ratio</em> (DAR), <em>Debt to Equity Ratio</em> (DER), <em>Capital intensity Ratio</em> (CIR), <em>Net Profit Margin</em> (NPM). 2) Data laporan keuangan yang didapatkan dari Bursa Efek Indonesia. Metode penelitian ini menggunakan metode <em>Purposive Sampling Analisis</em>, analisis yang digunakan adalah analisis regresi linier berganda dengan menggunakan <em>Software Eviews </em>sebagai <em>Software</em> bantuan untuk pengolahan data statistik.</p><p>Hasil dari penelitian ini menyatakan bahwa struktur modal berpengaruh negatif terhadap profitabilitas yang diukur dengan menggunakan <em>Debt to Asset Ratio</em> (DAR) dan <em>Debt to Equity Ratio </em>(DER). Hal ini dikarenakan semakin tinggi tingkat utang maka dapat menurunkan profitabilitas perusahaan. Selain itu, terdapat pengaruh positif antara <em>Capital Intensity Ratio </em>(CIR) terhadap profitabilitas yang menunjukan bahwa besarnya intensitas teknologi berpengaruh terhadap peningkatan profitabilitas.</p>

influence of net working capital and capital structure on profitability in manufacturing companies in the consumer goods industry sector listed on the Indonesia stock exchange

“…Widiyanti & Elfina (2015), stated that the Debt to Equity Ratio (DER) partially had a negative but not significant effect on profitability (ROA). However, in contrast to the results of a study conducted by Cahyana et al (2022); Fauzan et al (2017), stated that Capital Structure (DER) has an effect on Profitability. Jeselin et al (2022), state that Capital Structure (DER) partially affects Profitability.…”

“…Meanwhile, the Debt to Asset Ratio (DAR) is in line with the study of Octorika et al (2022), which states that the Capital Structure (DAR) jointly affects Profitability. Wirianata et al (2021); Cahyana et al (2022), stated that Capital Structure (DAR) has an effect on Profitability. Widiyanti & Elfina (2015), stated that the Debt to Asset Ratio (DAR) is a partially negative but not significant effect on profitability (ROA).…”

“…However, in contrast to the research conducted by Maulita & Tania (2018); Zulkarnaen (2018), states that DAR has no significant effect on Profitability. Cahyana et al (2022), state that Capital Structure (DAR) has a negative effect on Profitability. Therefore this study discusses the Effect of Net Working Capital and Capital Structure on Profitability in Manufacturing Companies in the Consumer Goods Industry Sector Listed on the Indonesia Stock Exchange.…”

Pengaruh Struktur Modal Terhadap Profitabilitas Perusahaan

“…Sehingga perusahaan tidak dapat menghasilkan laba bersih atas penjualan yang baik. Hasil dari penelitian ini sejalan dengan penelitian yang dilakukan oleh Cahyana et al (2022) yang memperoleh hasil bahwa Debt to Equity Ratio memiliki pengaruh negatif signifikan terhadap Net Profit Margin.…”