Juniarti, - (2017) Determinan Struktur Modal Pada Perusahaan Sektor Properti Dan Real Estate Yang Tercatat Di Bursa Efek Indonesia Periode 2011-2015. Sarjana thesis, Universitas Brawijaya.
Abstract
Struktur modal merupakan hal yang penting bagi perusahaan. Komposisi struktur modal yang optimal dapat ditentukan dengan mempertimbangkan determinan struktur modal. Saat ini perusahaan properti dan real estate mengalami penurunan yang cukup besar, oleh karena itu perusahaan properti dan real estate harus kembali melihat komposisi struktur modal yang optimal. Penelitian ini bertujuan untuk menganalisis pengaruh determinan struktur modal perusahaan sektor properti dan real estate yang tercatat di Bursa Efek Indonesia periode 2011- 2015. Variabel-variabel yang diteliti adalah profitabilitas (profitability), ukuran perusahaan (firm size), tangibility asset, likuiditas (liquidity) dan pertumbuhan penjualan (sales growth). Sampel penelitian ini adalah 28 perusahaan properti dan real estate yang tercatat di Bursa Efek Indonesia, penelitian dilakukan pada periode 2011-2015. Metode analisis data yang digunakan adalah analisis regresi berganda, dan pengujian hipotesis dilakukan dengan menggunakan uji t. Model dalam penelitian ini sebelumnya diuji dengan uji asumsi klasik untuk memastikan bahwa model penelitian memenuhi asumsi dasar analisis regresi berganda. Hasil penelitian menunjukkan bahwa variabel profitabilitas (profitability), tangibility asset, dan likuiditas (liquidity) berpengaruh signifikan negatif terhadap struktur modal, variabel ukuran perusahaan (firm size) berpengaruh signifikan positif terhadap struktur modal. Sedangkan pertumbuhan penjualan (sales growth) tidak berpengaruh signifikan terhadap struktur modal.
English Abstract
Capital structure is important for any company. Its composition should be optimized, one of which is by considering its determinant. Current and significant decline in property and real estate business makes companies in this venture look for optimal composition of capital structure. This study aims to determine the effect of capital structure determinants consisting of profitability, firm size, tangible assets, liquidity, and sales growth on the capital structure of property and real estate companies listed in the Indonesia Stock Exchange during 2011-2015. The sample of this study is 28 property and real estate companies listed in the Indonesia Stock Exchange. The research was conducted in the period of 2011- 2015. The data were analyzed using multiple regression analysis, and hypothesis was tested using t test. The model of this study was previously tested using classical assumption test. The results show that profitability, tangible assets, and liquidity are negatively significant to capital structure, but firm size is positively significant to capital structure. Furthermore, sales growth is not significant to capital structure.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FE/2017/631/051710606 |
| Uncontrolled Keywords: | struktur modal, profitabilitas, ukuran perusahaa, tangibility asset, likuiditas, pertumbuhan penjualan, capital structure, profitability, firm size, tangible assets, liquidity, sales growth |
| Subjects: | 600 Technology (Applied sciences) > 658 General management > 658.1 Organization and financial management > 658.15 Financial management > 658.152 Management of financial operations |
| Divisions: | Fakultas Ekonomi dan Bisnis > Manajemen |
| Depositing User: | Nur Cholis |
| Date Deposited: | 05 Dec 2017 03:57 |
| Last Modified: | 30 Oct 2020 02:04 |
| URI: | http://repository.ub.ac.id/id/eprint/6441 |
Actions (login required)
 |
View Item |