PENGARUH LEVERAGE KEUANGAN TERHADAPPENGEMBALIAN ATAS EKUITASPADA PERUSAHAAN SEKTOR MAKANAN DAN MINUMANYANG SAHAMNYA TERCATAT DI BURSA EFEK INDONESIA

PRASETYO AGUS , WICAKSONO (2010) PENGARUH LEVERAGE KEUANGAN TERHADAPPENGEMBALIAN ATAS EKUITASPADA PERUSAHAAN SEKTOR MAKANAN DAN MINUMANYANG SAHAMNYA TERCATAT DI BURSA EFEK INDONESIA. Other thesis, University of Muhammadiyah Malang.

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PENGARUH_LEVERAGE_KEUANGAN_TERHADAPPENGEMBALIAN_ATAS_EKUITASPADA_PERUSAHAAN_SEKTOR_MAKANAN_DAN_MINUMANYANG_SAHAMNYA_TERCATAT_DI_BURSA_EFEK_INDONESIA.pdf

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Abstract

This research is aimed to know the influence of financial leverage toward return on equity of Food and Beverage Company that the stock is listed in Indonesia Stock Exchange (IDX) and to know which variable is most influencing toward return on equity. Data used here is secondary data in the form of financial report of each Food and Beverage Company that the stock is listed in Indonesia Stock Exchange (IDX) in 2005-2007. These data is analyzed by using Multiple Linear Regression Analysis. The result of calculation shows that simultaneously by F test, it can be concluded that financial leverage of company that is measured from long-term debt ratio by own model, total debt ratio and operation profit ratio on interest collectively are influencing significantly toward return on equity, while the variable of total debt ratio and operation profit ratio on interest is not influencing significantly on return on equity. Long term debt ratio with own capital has influence dominantly toward return on equity. Based on the conclusion above, then suggestion can be given is: company emiten that use debt as one of its source should be the proportion of debt is based on the appropriate calculation that in the last the use of debt can give profit for company and not the opposite. If the use of financial leverage gives profit to the company then the income can be bigger than the interest then interest load that should be paid, it will increase profit for the stockholder on the capital. For the investor, if they will give invest in Indonesia Stock Exchange (IDX); it is better for them to consider first the fundamental aspects of company financial, also consider external aspects where they hold the roles in trigger return on equity. Key words: financial leverage, return on equity

Item Type: Thesis (Other)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Economic > Department of Management
Depositing User: Rayi Tegar Pamungkas
Date Deposited: 21 May 2012 01:38
Last Modified: 21 May 2012 01:38
URI: http://eprints.umm.ac.id/id/eprint/5552

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