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PENGARUH PROFITABILITAS, LIKUIDITAS, UKURAN, PERTUMBUHAN TERHADAP STRUKTUR MODAL INDUSTRI OTOMOTIF DI BEI

Drs. I Ketut Wijaya Kesuma, MM, I KETUT WIJAYA KESUMA (2014) PENGARUH PROFITABILITAS, LIKUIDITAS, UKURAN, PERTUMBUHAN TERHADAP STRUKTUR MODAL INDUSTRI OTOMOTIF DI BEI. E-Journal Manajemen Universitas Udayana, 3. ISSN 2302-8912

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Abstract

Keputusan pendanaan penting bagi perusahaan karena menyangkut seberapa besar tingkat penggunaan hutang dibandingkan dengan tingkat ekuitas dalam pembiayaan investasi. Perusahaan harus menentukan apakah menggunakan dana internalnya terlebih dahulu atau dana ekternal dalam pembiayaan investasi sehingga mendapatkan struktur modal yang optimal yang akan meminimalkan biaya modal yang ditanggung perusahaan. Tujuan penelitian ini untuk mengetahui pengaruh profitabilitas, likuiditas, ukuran dan tingkat pertumbuhan perusahaan terhadap struktur modal pada industri otomotif di Bursa Efek Indonesia. Debt to equity ratio digunakan sebagai proksi dari struktur modal. Sebanyak 13 perusahaan sampel dari 17 jumlah populasi diperoleh berdasarkan metode purposive sampling. Berdasarkan analisis regresi linier berganda bahwa profitabilitas dan likuiditas secara parsial berpengaruh negatif signifikan terhadap struktur modal, ukuran perusahaan tidak berpengaruh signifikan terhadap struktur modal dan tingkat pertumbuhan berpengaruh positif signifikan terhadap struktur modal serta profitabilitas, likuiditas, ukuran dan tingkat pertumbuhan secara serempak berpengaruh terhadap struktur modal. Kata kunci : struktur modal, profitabilitas, likuiditas, ukuran perusahaan, tingkat pertumbuhan perusahaan ABSTRACT The funding decision is important for the company as it concerns the extent of the use of debt as compared to the level of equity in the financing of investment. Companies must determine whether to use internal funds first or external funds to finance investment so getting an optimal capital structure that will minimize capital costs borne by the company. This study aims to determine the effect of profitability, liquidity, size and growth rate of the company's capital structure in the automotive industry in Indonesia Stock Exchange. Debt to equity ratio is used as a proxy of capital structure. A total of 13 companies sample of 17 total population was obtained by purposive sampling method. Based on multiple linear regression analysis showed that profitability and liquidity partially significant negative effect on the capital structure, firm size not significant effect on the capital structure, and the growth rate significant positive effect on the capital structure, and profitability, liquidity, firm size and growth rate simultaneously effect the capital structure. Keywords : capital structure, profitability, liquidity, firm size, firm growth rate1754

Item Type: Article
Uncontrolled Keywords: -
Subjects: L Education > L Education (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Education
Depositing User: Mr. Repository Admin
Date Deposited: 07 Jun 2016 21:58
Last Modified: 21 Jun 2016 05:58
URI: http://erepo.unud.ac.id/id/eprint/296

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