Arifin, Agus Zainul Interactions between Capital Structure and Profitability: Evidence from Indonesia Stock Exchange. Interactions between Capital Structure and Profitability: Evidence from Indonesia Stock Exchange.
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Abstract
The objective of the study is to reexamine the relationship between capital structure and profitability of companies
in Indonesia. The study was conducted because of the ambiguity of the relationship between two variables that
many researchers have done before. Ambiguity in question is the inconsistency of the relationship, which is what
the variable as independent and other variable are as dependent. Sample data of all non-financial companies are
listed on the Indonesian Stock Exchange (IDX). Analysis has been done using the Granger causality, which is to
determine the direction of the relationship between capital structure and profitability. The results showed that the
relationship between capital structure and profitability is unidirectional, namely variable of capital structure as an
endogenous variable, and profitability as an exogenous variable using the lag level of two, thus from profitability
to capital structure.
| Item Type: | Article |
|---|---|
| Subjects: | Penelitian > Fakultas Ekonomi |
| Divisions: | Fakultas Ekonomi > Manajemen |
| Depositing User: | Puskom untar untar |
| Date Deposited: | 08 Dec 2020 12:41 |
| Last Modified: | 08 Dec 2020 12:41 |
| URI: | https://repotest.untar.ac.id/id/eprint/13345 |
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