Nisa’, Karimatun and Helmy Adam,, MSA., CA., Ak. (2021) Pengaruh Leverage Dan Time Interest Earned Terhadap Profitabilitas (Studi Pada Bumn Sub-Sektor Konstruksi Yang Terdaftar Di Bei Tahun 2014-2020 Yang Akan Menerima Dana Sovereign Wealth Funds/Swf). Sarjana thesis, Universitas Brawijaya.
Abstract
Penelitian ini menguji pengaruh Leverage yang diproyeksikan dengan Degree of Financial Leverage (DFL) dan Degree of Operating Leverage (DOL), dan Times Interest Earned yang diproyeksikan dengan Times Interest Earned Ratio (TIER) terhadap Profitabilitas perusahaan yang diproyeksikan dengan Return on Equity (ROE). Tujuan dari penelitian ini yaitu menguji pengaruh sistem pendanaan Debt Financing terhadap Profitabilitas, serta perlunya solusi merubah sistem pendanaan menjadi Equity Financing, dengan dana Sovereign Wealth Funds (SWF). Penelitian ini menggunakan Teori Agensi dan Analisis EBIT-EPS. Populasi dalam penelitian ini merupakan BUMN Kontruksi yang telah terdaftar di BEI Tahun 2014-2020. Pengambilan sampel dilakukan dengan metode purposive sampling sehingga diperoleh sampel sebanyak 35 sampel. Analisis data yang digunakan dalam penelitian ini adalah regresi linier berganda dengan menggunakan SPSS. Hasil penelitian ini menunjukkan bahwa Leverage yang diproyeksikan dengan Degree of Financial Leverage (DFL) dan Degree of Operating Leverage (DOL) tidak berpengaruh terhadap Profitabilitas, artinya semakin tinggi utang tidak dapat memberikan dampak pada Profitabilitas perusahaan. Sedangkan Times Interest Earned Ratio (TIER) memiliki pengaruh positif terhadap Profitabilitas, artinya kenaikan Times Interest Earned masih dapat meningkatkan Profitabilitas.
English Abstract
This research aims to examine the effect of Leverage projected with Degree of Financial Leverage(DFL) and Degree of Operating Leverage (DOL), and Times Interest Earned projected with Times Interest Earned Ratio (TIER) on a company’s Profitabiity projected with Return on Equity (ROE). The purpose of this study is to examine the effect of Debt Financing on Profitability, as well as the need for solutions to change the funding system to Equity Financing, with Soddd dvereign Wealth Funds (SWF). This research uses Agency Theory and EBIT-EPS Analysis. The population in this study is a State-Owned Construction that has been registered with the IDX during 2014-2020. Sampling is done by purposive sampling method so that a sample of 35 samples is obtained. Analysis of the data used in this study is multiple linier regression using SPSS. The results of this study indicates that Leverage projected with Degree of Financial Leverage (DFL) and Degree of Operating Leverage (DOL) has no effect on Profitability, which means that higher debt cannot have an impact on company’s Profitability. While Times Interest Earned projected with Times Interest Earned Ratio (TIER) has a positive effect on Profitability, which means that a rise in Times Interest Earned can increase company’s Profitability
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | 0521020426 |
| Uncontrolled Keywords: | leverage, time interest earned, profitabilitas, analisis EBIT-EPS,sovereign wealth funds/SWF, leverage, times interest earned, profitability, EBIT-EPS analysis, sovereign wealth funds/SW |
| Subjects: | 600 Technology (Applied sciences) > 657 Accounting |
| Divisions: | Fakultas Ekonomi dan Bisnis > Akuntansi |
| Depositing User: | Nur Cholis |
| Date Deposited: | 11 Jul 2022 07:40 |
| Last Modified: | 11 Jul 2022 07:40 |
| URI: | http://repository.ub.ac.id/id/eprint/191874 |
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