Effect of Capital Structure to Profitability on Textile and Garment Industry Company Listed on The Indonesia Stock Exchange 2010-2012
Abstract
This study aims to identify and analyze the effect of capital structure on the proxied by DER
to profitability in the proxy with the ROE. The hypothesis is Debt to Equity Ratio significant effect on return on equity in the companies listed in Indonesia Stock Exchange. The sample in this study is the subsectors textile and garment are listed in Indonesia Stock Exchange in
2010-2012. Sampling using purposive sampling so obtained a total sample of 15 textile and garment companies that meet the criteria for the study sample that has been set. Capital structure measured by DER, while profitability is measured by ROE. Hypothesis testing using simple linear regression analysis using SPSS 18.0 for windows. The results showed that partially DER significant negative effect on ROE textile and garment manufacturing companies listed in Indonesia Stock Exchange.
Keywords
Full Text:
PDFReferences
Aditya, J. 2006. Studi-Studi Empiris Faktor-Faktor Yang Mempengaruhi Struktur Modal Pada Perusahaan Manufaktur di Bursa Efek Jakarta Periode Tahun 2000-2003. Skripsi. Yogyakarta: Universitas Islam Indonesia.
Aurin, Apriani. 2001. Analisis pengaruh struktur modal terhadap kinerja keuangan.Bandung: Universitas Padjajaran
Brealey et al.,”. 2008. Dasar-dasar Manajemen Keuangan Perusahaan”. Edisi 5, Erlangga, Brigham, Eugene F dan Joel F. Houston. 2010. Dasar-dasar Menejemen Keuangan, Edisi 11. Jakarta: Salemba Empat.
Chiang, Y. H., Chan, P. C., & Hui, C. M. (2002). Capital Structure and dst. Journal of Property Investment , 20 (6), Pp. 434-454.
Handayani, Bestasari Dwi. 2008. ” Pengaruh Struktur Modal terhadap Nilai Perusahaan pada Perusahaan sedang Bertumbuh yang Berbeda (Theory Agency)”, UNS, jurnal Bisnis dan Ekonomi, volume 6, edisi 1.
Robert, 1997. Buku Pintar Pasar Modal Indonesia (The Intelligent Guide to Indonesian Capital Market) .Mediasoft Indonesia, Jakarta.
Rodoni, Ahmad dan Indoyama Nasaruddin. 2007. ”Modul Manajemen Keuangan”, Penerbit FEIS UIN, Jakarta,.
Stein, Edith Theresa. 2012. Pengaruh Struktur Modal (Debt Equity Ratio) Terhadap Profitabilitas (Return On Equity). Makasar: Skripsi Universitas Hasanudin.
Sugiyono. (2009). Metode Penelitian Bisnis. Bandung: Pustaka
Susan Irawati. 2006. Manajemen Keuangan. Pustaka: Bandung.
Sutrisno. 2009. Manajemen Keuangan Teori, Konsep, dan Aplikasi. Ekonisia, Kampus Fakultas Ekonomi UII, Jakarta.
Weston, J.F dan Brigham. 1994. Dasar Managemen Keuangan. Jakarta: Erlangga. www.idx.co.idwww.sahamok.com
Tarmizi ,Rosmiaty & Pratama, Allansyah.2015.Effect of Capital Structure to Profitability on Textile and Garment Industry Company Listed on The Indonesia Stock Exchange 2010-2012.Universitas Bandar Lampung
DOI: http://dx.doi.org/10.36448/jak.v6i2.572