ANALISIS PENGARUH STRUKTUR MODAL TERHADAP KINERJA KEUANGAN PERUSAHAAN
Journal Title: Akuntansi Dewantara - Year 2018, Vol 2, Issue 1
Abstract
The objective of this study is to empirically identify the impacts of capital structure chosen by company on firm’s financial perfomances. This research examine the effects of variable Debt to Asset Ratio (DR) and Debt to Equity Ratio (DER), partially and simultaneously to Return on Assets and Return on Equity. This research analyze secondary data using cross sectional method. The research specifically choose multi-finance companies that listed in Indonesia Stock Exchange as research population, with consideration of the characteristics and unique business risk level. The result of hypotheses tests proves that capital structure has a significant effect to firm’s financial performance. The added of debt proportion will affect added interest expense, which will lower the asset’s effectivity to earn income. On contrary, higher debt also gives positive impact for income. Higher debt means more resources that could be used by firm in maximizing business opportunity. This result is relevant with firm’s business process that provide financial services to its customers. The more funds that firms could provide for its customers, then there will be higher opportunities for the firm to get higher interest income. The objective of this study is to empirically identify the impacts of capital structure chosen by company on firm’s financial perfomances. This research examine the effects of variable Debt to Asset Ratio (DR) and Debt to Equity Ratio (DER), partially and simultaneously to Return on Assets and Return on Equity. This research analyze secondary data using cross sectional method. The research specifically choose multi-finance companies that listed in Indonesia Stock Exchange as research population, with consideration of the characteristics and unique business risk level. The result of hypotheses tests proves that capital structure has a significant effect to firm’s financial performance. The added of debt proportion will affect added interest expense, which will lower the asset’s effectivity to earn income. On contrary, higher debt also gives positive impact for income. Higher debt means more resources that could be used by firm in maximizing business opportunity. This result is relevant with firm’s business process that provide financial services to its customers. The more funds that firms could provide for its customers, then there will be higher opportunities for the firm to get higher interest income.
Authors and Affiliations
Ika Puspita Kristianti
Keywords
Related Articles
- EP ID EP286693
- DOI 10.29230/ad.v2i1.2222
- Views 111
- Downloads 0
FLYPAPER EFFECT PADA PENDAPATAN ASLI DAERAH (PAD), DAN DANA ALOKASI UMUM (DAU) TERHADAP BELANJA PEMERINTAH DAERAH KABUPATEN NGANJUK PERIODE 2012-2016
This study aims to find out about Local Revenue (PAD) and General Allocation Fund (DAU) either partially or simultaneously to the Local Government Expenditures Nganjuk District 2009-2013 period and what happened Flypaper...
Pengungkapan Enterprise Risk Management dan Intellectual Capital: Apakah Bermanfaat bagi Perusahaan Real Estate?
Uncertainty environment, market liberalization, and lower profit margins, firms should make the most efficient use of relevant expenditures related to firm value. This research aims to find out evidences the effect of ER...
PENGARUH PYRAMID OF STRUCTURE DAN PENGUNGKAPAN TRANSAKSI PIHAK BERELASI TERHADAP TINDAKAN EKSPROPRIASI, DIMODERASI OLEH TATA KELOLA PERUSAHAAN
The objective of this study is to analyze the effect of company’s ownership through pyramid structure, and related party transaction disclousure, on expropriation practices, with corporate governance as moderating varia...
PENGARUH PERTUMBUHAN EKONOMI, DANA ALOKASI UMUM, DANA ALOKASI KHUSUS DAN PENDAPATAN ASLI DAERAH TERHADAP BELANJA MODAL DI PROVINSI DAERAH ISTIMEWA YOGYAKARTA PERIODE 2011-2016
This study aims to determine (1) Influence of Economic Growth on capital expenditure in Special Province of Yogyakarta (2) Influence of General Allocation Fund to Capital Expenditure (3) Influence of Special Allocation F...
Pengaruh Karakteristik Daerah, Temuan, dan Opini Audit Terhadap Pengungkapan Sukarela ( Studi Empiris pada Website Pemda di Indonesia)
This reseacrh proposes to examine and find empirical evidences of the influences of Intergovernmental Revenue (IR), Human Development Index, Findings, and audit opinions towards voluntary disclosure on the local governme...