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Pengaruh Profitability, Corporate Tax Rate, Risk, Size, Collateral Value Of Assets, Dan Growth Terhadap Leverage


Oleh : Nike Betharia

Info Katalog

Nomor Panggil :

Subyek : Financial Management

Penerbit : FEB - Usakti

Kota Terbit : Jakarta

Tahun Terbit : 2011

Pembimbing 1 : Dessy Isfianadewi

Pembimbing 2 :

Kata Kunci : profitability, corporate tax rate, collateral value of assets, debt


File Repositori
No. Nama File Ukuran Status
1. 2011_TA_MJ_022070011_7.pdf 2694.26 (KB)
2. 2011_TA_MJ_022070011_6.pdf 2284.47 (KB)
3. 2011_TA_MJ_022070011_5.pdf 518.48 (KB)
4. 2011_TA_MJ_022070011_4.pdf 769.52 (KB)
5. 2011_TA_MJ_022070011_3.pdf 674.67 (KB)
6. 2011_TA_MJ_022070011_2.pdf 458.46 (KB)
7. 2011_TA_MJ_022070011_1.pdf 611.9 (KB)

P Penelitian ini bertujuan untuk mengetahui apakah profitability, corporate tax rate, risk, size, collateral value of assets, dan growth terhadap leverage (short term debt ratio, long term debt ratio, dan total debt ratio). Sampel yang digunakan dalam penelitian ini adalah industri manufaktur di Bursa Efek Indonesia (BEl) periode 2006 - 2009. Variabel independen dalam penelitian ini adalah profitability, corporate tax rate, risk, size, collateral value of assets, dan growth, sedangkan variabel dependennya adalah leverage (short term debt ratio, long term debt ratio, dan total debt ratio). Dengan menggunakan purposive sampling, maka jumlah yang menjadi sampel penelitian ini berjumlah 103 perusahaan pada industri manufaktur. Model analisis data yang digunakan adalah uji asumsi klasik, regresi linear, dan uji t. Berdasarkan hasil uji t maka didapatkan hasil bahwa profitability (return on equity) berpengaruh negatif signifikan dan size berpengaruh positif signifikan terhadap leverage (short term debt ratio, long term debt ratio, dan total debt ratio). Untuk variabel collateral value of assets hanya memiliki pengaruh negatif signifikan terhadap short term debt ratio, sedangkan terhadap long term debt ratio dan total debt ratio tidak ditemukan hasil yang signifikan. Namun pada variabel profitability (operating profitability), corporate tax rate, risk, dan growth tidak ditemukan hasil yang signifikan terhadap leverage (short term debt ratio, long term debt ratio, dan total debt ratio). Hasil tersebut menunjukkan bahwa manajemen perusahaan perlu mempertimbangkan faktor yang mencakup profitability (return on equity), size, dan collateral value of assets dalam mengambil keputusan struktur modal (leverage).

T The studys purpose is to acknowledge whether the profitability, corporate tax rate, risk, size, collateral value of assets, and growth of leverage (short term debt ratio, long term debt ratio, and total debt ratio). The samples are manufactures industries in Indonesian Stock Exchange for the period of 2006 up to 2009. Independent variables in thesis study included profitability, corporate tax rate, risk, size, collateral value of assets, and growth, whereas dependent variable is leverage (short term debt ratio, long term debt ratio, and total debt ratio). With usin purposive sampling, the total of sample in this study is 103 companies of manufactures industries. Data analysis model are classis assumption test, regression linear and t­ test. Based on t test results showed that profitability (return on equity) has a significant negative and size has a significant positive on leverage (short-term debt ratio, long term debt ratio, and total debt ratio). For variable collateral value of assets only have a significant negative on short-term debt ratio, while on long term debt ratio and total debt ratio was not found significant results. However, the profitability variables (operating profitability), corporate tax rate, risk, and growth was not found significant results on leverage (short-term debt ratio, long term debt ratio, and total debt ratio). This result indicates that the companys management has to consider profitability (return on equity), size, and collateral value of assets in capital structure (leverage) decision.

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