Christopher, Christopher (2018) Pengaruh Struktur Modal, Ukuran Perusahaan, dan Pertumbuhan Penjualan terhadap profitabilitas Perusahaan Sektor Konsumsi yang Terdaftar di Bursa Efek Indonesia Periode 2014-2016. Masters thesis, Universitas Tarumanagara.
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Abstract
The relationship between capital structure and profitability cannot be ignored because the improvement in the profitability is necessary for the long-term survivability of the firm. This paper seeks to investigate the relationship between capital structure and profitability of listed firms on the Indonesia Stock Exchange during a three-year period. A sample of 35 Indonesia firms listed on Indonesia Stock Exchange for a period of 3 years from 2014-2016 was selected. The correlations and regression analysis were used to estimate the functions relating to profitability (measured by return on equity) with measures of capital structure. Empirical results show a positive relationship between i) short-term debt to total assets and profitability and ii) total debt to total assets and profitability in the service industry, and negative relationship between long-term debt to total assets and profitability. This paper offers useful insights for the owners/operators, managers, and lending institutions based on empirical evidence, and suggests that profitable firms depend more on debt as their main financing option.
Keywords : Capital Structure, Short-term debt to total assets, Long-term debt to total assets, Total debts to total assets, Size, Sales Growth, Profitability, Return on Equity.
| Item Type: | Thesis (Masters) |
|---|---|
| Subjects: | Tesis Tesis > Pascasarjana |
| Divisions: | Fakultas Ekonomi > Manajemen |
| Depositing User: | Puskom untar untar |
| Date Deposited: | 28 Jan 2019 02:24 |
| Last Modified: | 10 May 2021 02:16 |
| URI: | https://repotest.untar.ac.id/id/eprint/9549 |
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