MARLINDA IRNAWATI, . (2011) ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2007-2009. Sarjana thesis, UNIVERSITAS NEGERI JAKARTA.
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Abstract
Tujuan penelitian ini adalah mengetahui pengaruh corporate tax rate, non�debt tax shield, investment opportunity set, profitability, past debt, investment, dan asset tangibility terhadap struktur modal pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode tahun 2007-2009. Populasi dalam penelitian ini adalah jumlah perusahaan manufaktur yang terdaftar (go public) di Bursa Efek Indonesia (BEI) seperti yang tercantum dalam Indonesian Capital Market Directory (2010). Perusahaan manufaktur yang tercatat di BEI digunakan sebagai populasi, karena perusahaan tersebut mempunyai kewajiban untuk menyampaikan laporan keuangan kepada pihak luar perusahaan. Di ICMD tersebut diketahui bahwa jumlah perusahaan manufaktur yang terdaftar (go public) di BEI pada tahun 2006-2009 adalah 146 perusahaan yang terbagi 19 kategori perusahaan. Metode pengambilan sampel yang digunakan dalam penelitian ini adalah purposive sampling. Jumlah sampel yang terpilih sebanyak 86 perusahaan manufaktur. Metode analisis data menggunakan analisis regresi linier berganda, menggunakan program SPSS statistic 16.0. Berdasarkan hasil analisis menunjukkan persamaan regresi adalah Y = 0,052 – 3,580E-4 X1 – 0,037 X2 + 0,016 X3 – 0,566 X4 + 0,898 X5 + 0,230 X6 – 0,015 X7 + e. Secara simultan ada pengaruh antara corporate tax rate, non-debt tax shield, investment opportunity set, profitability, past debt, investment, dan asset tangibility terhadap struktur modal pada perusahaan manufaktur. Pengaruh tersebut sebesar 99,1% sedangkan sisanya dipengaruhi faktor lain yang tidak diteliti dalam penelitian ini. Secara parsial variabel non-debt tax shield, investment opportunity set, profitability, past debt, dan investment yang berpengaruh terhadap struktur modal, sedangkan variabel corporate tax rate dan asset tangibility tidak berpengaruh terhadap struktur modal. Disamping itu pendanaan perusahaan dengan hutang pada perusahaan manufaktur pada tahun 2007-2009 di Indonesia berdasarkan tingkat hutang tergolong sudah optimal karena rata-rata struktur modal sebesar 48,7% dari total struktur modal optimal yang diharapkan yaitu dengan tingkat hutang diantara 30%-50%. The aims of this study are to determine the effects of corporate tax rate, non�debt tax shield, investment opportunity set, profitability, past debt, investment, and asset tangibility on the capital structure in manufacturing on The Indonesian Stock Exchange in Period of 2007-2009. The population in this study are the numbers of manufacturing firms listed (go public) on the Indonesian Stock Exchange coincide with the firms listed in the Indonesian Capital Market Directory (2010). The manufacturing firms listed at Indonesian Stock Exchange are used as a population, because the firms have an obligation to submit the financial reports to outside parties of the firm. Based on the Indonesian Capital Market Directory, there are 146 manufacturing firms which divide into 19 categories that listed on Indonesian Stock Exchange in 2006- 2009. The sampling method that used in this study is purpossive sampling method. The number of selected samples are 86 manufacturing firms. Multiple regression analysis with SPSS 16.0 statistic is used to examine this study. The result showed that the regression equation is Y = 0,052 – 3,580E-4 X1 – 0,037 X2 + 0,016 X3 – 0,566 X4 + 0,898 X5 + 0,230 X6 – 0,015 X7 + e. Simultaneously, there are significant effects between corporate tax rate, non-debt tax shield, investment opportunity set, profitability, past debt, investment, and asset tangibility with the capital structure at manufacturing. The influence is 99,1% while the remain is affected by other factors are not examined in this study. Individually non-debt tax shield, investment opportunity set, profitability, past debt, and investment variable significantly affect the capital structure, while corporate tax rate and asset tangibility did not have significant affect toward the capital structure. In the otherhand, debt financing at a manufacturing company in Indonesia in the year 2007-2009 based on the optimal level of debt has been classified as the average capital structure of 48.7% of the total optimal capital structure is expected that with the level of debt between 30% -50% .
| Item Type: | Thesis (Sarjana) |
|---|---|
| Additional Information: | 1) Yunika Murdayanti, S.E., M.Si. 2) Rida Prihatni, S.E.,Akt., M.Si. |
| Subjects: | Ilmu Sosial > Perdagangan, e-commerce > Akuntansi |
| Divisions: | FE > S1 Akuntansi |
| Depositing User: | sawung yudo |
| Date Deposited: | 30 Jun 2022 06:13 |
| Last Modified: | 30 Jun 2022 06:13 |
| URI: | http://repository.unj.ac.id/id/eprint/31158 |
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