Yanti, Ni Nyoman Suli Asmara and Dr. Kusuma Ratnawati,, SE., MM., CFP and Dr. Djumahir,, SE., MM (2018) Pengaruh Variabel Determinan Terhadap Struktur Modal Dan Dampak Struktur Modal Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Sektor Manufaktur Yang TerdaftarDi Bursa Efek Indonesia). Magister thesis, Universitas Brawijaya.
Abstract
Tujuan penelitian ini adalah untuk menganalisis dan menjelaskan pengaruh variabel determinan terhadap struktur modal dan dampak struktur modal pada nilai perusahaan. Variabel independen pada penelitian ini adalah determinan struktur modal seperti tangibilitas, profitabilitas, ukuran perusahaan, pertumbuhan perusahaan, non-debt tax shield, keunikan dan kinerja harga saham. Struktur modal dan nilai perusahaan digunakan sebagai variabel dependen. Pendekatan penelitian ini adalah kuantitatif. Teknik sampling menggunakan sampling jenuh dengan jumlah sampel sebanyak 62 perusahaan. Metode analisis data yang digunakan adalah Two Stage Least square (2SLS) dengan program SPSS. Hasil penelitian ini menunjukan beberapa temuan. Pertama, variabel tangibilitas, profitabilitas ukuran perusahaan dan pertumbuhan perusahaan telah mempengaruh struktur modal secara signifikan. Kedua, variabel non-debt tax shield, keunikan dan kinerja harga saham tidak memiliki pengaruh terhadap struktur modal. Ketiga, struktur modal telah mempengaruhi nilai perusahaan sektor manufaktur secara signifikan dengan hubungan yang negatif.
English Abstract
This study aims to analyze and to examine the determinants of capital structure and impact of capital structure on firm value. The determinants of capital structure such as tangibility, profitability, firm size, growth, non-debt tax shields, uniqueness, and shares price performance are used in this study as independent variables. Capital structure and firm value are used as dependent variables. This study uses quantitative approach. The sample in this study includes 62 manufacturing firms listed on Indonesian Stock Exchange from 2012 to 2016 selected using saturated sampling technique. Two Stage Least Square (2SLS)on SPSS program was used as a tool to analyze the data in this study.The results show thattangibility, firm size and growth have a positive and significant impact on capital structure, while profitability has a negative and significant impact. Non-debt tax shields, uniqueness and shares price performance are not affects capital structure since the results are insignificant. The result also shows that capital structure affects firms value with negative and significant impact.
| Item Type: | Thesis (Magister) |
|---|---|
| Identification Number: | TES/332.041/YAN/p/2018/041809306 |
| Uncontrolled Keywords: | Struktur Modal, Nilai Perusahaan, Tangibilitas, Profitabilitas, Keunikan, Non-debt Tax Shield,Capital Structure, Firm Value, Tangibility, Profitability, Uniqueness, Non-debt Ta Shields. |
| Subjects: | 300 Social sciences > 332 Financial economics > 332.04 Special topics of financial economics > 332.041 Capital |
| Divisions: | S2/S3 > Magister Manajemen, Fakultas Ekonomi dan Bisnis |
| Depositing User: | soegeng Moelyono |
| Date Deposited: | 25 Aug 2022 02:29 |
| Last Modified: | 25 Aug 2022 02:29 |
| URI: | http://repository.ub.ac.id/id/eprint/193552 |
![[thumbnail of NI NYOMAN SULI ASMARA YANTI.pdf]](http://repository.ub.ac.id/style/images/fileicons/text.png) |
Text
NI NYOMAN SULI ASMARA YANTI.pdf Restricted to Registered users only Download (2MB) |
Actions (login required)
 |
View Item |