Pratiwi, Kharisma Devi (2014) Factors That Affect The Capital Strucutre In Real Estate And Property Companies In Indonesian Stock Exchange. Sarjana thesis, Universitas Brawijaya.
Abstract
Struktur modal adalah masalah penting bagi perusahaan mana pun. Struktur modal yang baik atau buruk akan memiliki efek langsung pada posisi keuangan perusahaan. Masalah yang dihadapi oleh perusahaan real estat dan properti yang go public di bursa adalah tingkat utang yang tinggi. Dengan tingginya tingkat utang menyebabkan penurunan nilai perusahaan di mata investor. Keberadaan fenomena ini, ada minat untuk belajar tentang efek simultan, efek dominan parsial dan variabel: struktur aset, profitabilitas, ukuran perusahaan dan pertumbuhan penjualan dalam struktur modal perusahaan real estat dan properti yang go public pada Bursa Efek. Populasi penelitian ini adalah semua perusahaan real estat dan properti yang tercantum di Bursa Efek pada tahun 2013, sebesar 17 perusahaan. Pengambilan sampel dilakukan dengan metode purposive sampling dengan kriteria bahwa perusahaan real estat dan properti secara aktif terdaftar di bursa saham dan termasuk laporan keuangan ringkasan dicatat di direktori pasar modal Indonesia, untuk periode 2009-2011. Berdasarkan kriteria yang dipilih sebagai sampel penelitian sebanyak 13 perusahaan. Struktur aset, profitabilitas, ukuran perusahaan, pertumbuhan penjualan, secara bersamaan, dan sebagian berdampak signifikan pada struktur modal. Ukuran perusahaan memiliki pengaruh dominan pada struktur modal properti perusahaan dan real estat di Bursa Efek Indonesia. Manajer keuangan harus mempertimbangkan, pembiayaan pengaturan aset berguna untuk mencapai tingkat laba dari penjualan yang diharapkan, dan sesuai dengan ukuran perusahaan. Selain kebutuhan untuk mempertimbangkan penggunaan utang hati-hati, karena jika utang tambahan terlalu besar dapat mengurangi kinerja keuangan perusahaan. Stabilitas Tingkat pertumbuhan penjualan harus dipertimbangkan, sehingga berkontribusi pada profitabilitas.
English Abstract
Capital structure is an important issue for any companies; good or bad capital structure will have a direct effect on the financial position of the company. The problems being faced by the real estate and property companies that go public on the Stock Exchange is the high level of debt held. With the high levels of debt caused a decline in value of the company in the eyes of the investors. The existence of this phenomenon, there is an interest to learn about the effect of simultaneous, effect of partial and variable dominant: asset structure, profitability, company size and sales growth in the capital structure of real estate and property companies that went public on the Stock Exchange. The population of this study is all real estate and property companies listed in the Stock Exchange in 2013, amounting to 17 companies. Sampling was done by purposive sampling method with the criteria that the real estate and property companies are actively listed on the Stock Exchange and included summary financial statements are recorded in the Indonesian Capital Market Directory, for the period 2009-2011. Based on the criteria selected as the study sample as many as 13 companies. Asset structure, profitability, company size, sales growth, simultaneously, and partially has significant impact on capital structure. Firm size has a dominant influence on the capital structure of the Company Property and Real estate in Indonesia Stock Exchange. The financial manager should consider, the financing of the assets arrangement is useful for achieving the level of profit from the sale are expected, and in accordance with the size of the company. In addition to the need to consider the use of debt careful, because if additional debt is too large can reduce a companys financial performance. Stability sales growth rate must be considered, so as to contribute to profitability.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FE/2014/501/051500476 |
| Subjects: | 600 Technology (Applied sciences) > 657 Accounting |
| Divisions: | Fakultas Ekonomi dan Bisnis > Akuntansi |
| Depositing User: | Hasbi |
| Date Deposited: | 28 Jan 2015 15:26 |
| Last Modified: | 29 Nov 2021 03:16 |
| URI: | http://repository.ub.ac.id/id/eprint/107539 |
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