PENGARUH PROFITABILITAS, LEVERAGE OPERASI DAN TINGKAT PERTUMBUHAN PERUSAHAAN TERHADAP STRUKTUR MODAL PADA INDUSTRI MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA.
Keywords:
Profitability, Leverage Operations, Corporate Growth Rate, Capital Structure Google Translate for Business, Translator ToolkitWebsite TranslatorGlobal Market FinderAbstract
The purpose of this study that analyze the influence of Profitability, Leverage Operations and Growth Rate on Industrial Manufacturing Company listed on the Indonesia Stock Exchange. The data used in this research is secondary data obtained from the Indonesia Stock Exchange. The method used in this study is multiple regression. From the results of the analysis indicate that the Profitability, Leverage Operations and Corporate Growth Rate simultaneously have a significant impact on capital structure, while partial profitability and significant negative effect on the Capital Structure, while Operating Leverage and no significant positive effect on capital structure, while the Company Growth positive and significant effect on the Capital Structure in Manufacturing Industry listed in Indonesia Stock Exchange. Variable Profitability, Leverage Operations and Corporate Growth rate can explain the variation in capital structure policy in Manufacturing Industry in Indonesia Stock Exchange amounted to 75.6 percent.References
Ali Kusuma. 2009.â€Analisis Faktor yang Mempengaruhi Struktur Modal serta Pengaruhnya terhadap Harga Saham Perusahaan Real Estate yang Go Public di Bursa Efek Indonesia: Jurnal Manajemen dan Kewirausahaan 11(1): 38-45
Bambang Riyanto, 2001. Dasar-dasar Pembelanjaan Perusahaan. Edisi ke Empat BPFE
Brigham. E.F. and Gapenski. 1996. Intermediate Financial Manajement. The Dryden Press, New York
Brigham. E.F. dan Houston Joel. F. 2001. Manajemen Keuangan. Buku II. Jakarta, Erlangga
Christianti. A. 2006. “Penentuan Perilaku Kebijakan Struktur Modal pada Perusahaan Manufaktur di Bursa Efek Jakarta: Hipotesis Static Trade-off atau Pecking Order Theoryâ€. Seminar Nasional Akuntansi
Fitrijanti, Tettet dan Hartono, Jogiyanto. (2002). “Set Kesempatan Investasi: Konstruksi dan Analisis Hubungannya dengan Kebijakan Pendanaan dan Dividenâ€. Jurnal Riset Akuntansi Indonseia, Vol. 5, No. 1:35-36
Ghozali, Imam. 2001. Aplikasi Analisis Multivariat dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro
Jensen, M.C. and Meckling, W.H, 1976, “ Theory of The Firm: Managerial Behavior, Agency Cost, and Ownership Structurâ€, Journal of Financial Economics, 3. P.305-360
Myers, S. 1984. “The Capital Structure Puzleâ€. Jurnal Keuangan. Vol. 39, July 1984
Myers, S.C dan N.S Majluf. 1984. “Corporate Financing and Investment Decisions When Firms Have Information That Investors Do Not Haveâ€, Journal of Financial Economics, 13, pp. 187-221
Ozkan, A. 2001. Determinants of Capital Structure and Adjustment to Long Run Target: Evidence from UK Company Panel Data. Journal of Business Finance & Accounting, 28(1-2), pp: 175-198
Rahmat Setiawan. 2006 “Faktor-faktor yang Mempengaruhi Struktur Modal dalam Perspktif Pecking Order Theoryâ€. Majalah Ekonomi, Desember (3). 318-333
Saidi, 2004. “Faktor-faktor yang Mempengaruhi Struktur Modal pada Perusahaan Manufaktur Go-public di BEJ tahun 1997-2002â€, Journal Bisnis dan Ekonomi, 11 (1): 44-58
Sartono, R. Agus dan Sriharto, Ragil. Faktor-faktor Penentu Struktur Modal perusahaan Manufaktur di Indonesia. Sinergi Kajian Bisnis dan Manajemen Vol. 2 No. 22. 1999
Sekar Mayangsari, 2001. “Analisis Faktor-faktor yang Mempengaruhi Pendanaan Perusahaan: Pengujian Pecking Order Hypothesisâ€, Media riset Akuntansi, auditing and information, vol. 1, No. 3, Desember
Van Horne, James C dan John M. Wachowicz, JR. 1998. Prinsip-prinsip Manajemen Keuangan. Salemba Empat. Jakarta
