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ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PERUSAHAAN MANUFAKTUR YANG TERCATAT DI BURSA EFEK INDONESIA (BEI)

Putri, Shalza Defiary (2011) ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PERUSAHAAN MANUFAKTUR YANG TERCATAT DI BURSA EFEK INDONESIA (BEI). Other thesis, University of Muhammadiyah Malang.

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Abstract

The purpose of this study is to investigate the influence of these variables Company size (size), Sales Growth (Growth of sales), profitability (profitability), and the structure of assets (tangibility of assets) simultaneously and partial effect on capital structure and to identify variables dominant influence on capital structure. Data used in this research is the kind of documentary data (Documentary Data), Source of data collected in this research is secondary data (Secondary Data). The population observed in this study are companies engaged in Food and Beverages sector, which has published its financial statements as of December 31, 2005 is continuously and there are as many as 10 companies. The sampling technique using purposive sampling method. The data analysis technique that is used multiple linear regression analysis using the F test and t test Sample is determined based on criteria: Manufacturing companies Food and Beverages sector, which has published its financial statements as of December 31, 2005 on an ongoing basis and have been audited by Public Accountant's office until December 31, 2009 and listed on the Indonesia Stock Exchange (IDX), have positive earnings and there are long-term debt in the financial statements. Linear regression equation is Y = a + b1X1 + b2X2 + b3X3 + b4X4. then the regression equation above, the obtained log Y = -4.544 + log Log0, 289X1 - Log0, + Log0 168X2, 277X3 + Log0, 339X4. Then to membeca regression results obtained in the form of logs, the following equation: Log Y = 2.85759 Anti-E-05 + 1.9453 X1 + 0.6792 X2 + 1.8923 X3 + 2.1827 X4. Based on the results of tests performed with multiple linear regression analysis then through the F test which showed that the value Fcount (5.003)> Ftable (2.5571). It can be concluded that the testing of the first hypothesis which states that the simultaneous influence of firm size variable, sales growth, profitability and asset structure of the capital structure proved. While the outcome of T test showed that the independent variable X4 (Structure of Assets) with the highest value of 2.593> 1.6759 (Ho is rejected, accepted Ha) in which the dominant influence on capital structure of the dependent variable (Y). It can be concluded that the test the second hypothesis is not proven. From the analysis it can be concluded that the variable of company size, sales growth and asset structure influence on capital structure. Managers are expected to be observant in determining the optimal capital structure policy for the company, because the condition of each company is different. In investing, we recommend that investors must consider the condition of the company to maximize profits and minimize losses or risks in investing. Results from this study can be used as the basis and framework for further research, especially regarding the factors affecting capital structure, but the researchers can then develop this research in the form of potential impacts of capital structure used by the company on financial performance with more samples or to the company different from this study Keywords : firm size, growth of sales, profitability, tangibility of asset and capital structure

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Faculty of Economics > Department of Management
Depositing User: Fitri Ramandhany
Date Deposited: 29 Oct 2015 08:28
Last Modified: 29 Oct 2015 08:28
URI : http://eprints.umm.ac.id/id/eprint/18947

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