ANALISIS STRUKTUR MODAL & FAKTOR YANG MEMPENGARUHINYA PADA SUB SEKTOR PROPERTI & REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2011-2015

Authors

  • Yuhelmi Yuhelmi Universitas Bung Hatta

DOI:

https://doi.org/10.37301/jmubh.v13i2.12480

Abstract

This study aims to analyze the Capital Structure as well as factors that affect it on the company in Sub Sector Property & Real Estate listed on the Indonesia Stock Exchangeperiod 2011 to 2015. The sampling technique in this study is the technique of Full Samplingwhere all the population into a sample that is as many as 26 companies. The analytical method used to test the factors affecting the Capital Structure is Multiple Linear Regression and using t Test.This study found that profitability and asset structure has no significant effect on Capital Structure while firm size has positive effect on Capital Structure.

References

Ahmed Sheikh, N., & Wang, Z. (2011). Determinants of capital structure. Managerial Finance, 37(2), 117–133.

Ajija, Shochrul R., Sari, Dyah W., Setianto, Rahmat H & Primanti, Martha R. (2011), Cara Cerdas Menguasai Eviews, Salemba Empat, Jakarta

Alipour, Mohammad., Mohammadi, Mir Farhad Seddigh., Derakhshan, H. (2015). Determinants of capital structure: an empirical study of firms in Iran. International Journal of Law and Management, 57(1), 53–83.

Alzomaia, T. S. F. (2014). Capital structure determinants of publicly listed companies in saudi arabia. The International Journal of Business and Finance Research, 8(2), 53–68.

Baloch, Q. B., Ihsan, A., Kakakhel, S. J., & Sethi, S. (2015). Impact of Firm Size, Asset Tangibility and Retained Earnings on Financial Leverage: Evidence from Auto Sector, Pakistan. Abasyn Journal of Social Sciences, 8(1), 143–155.

Bhawa, Ida Bagus Made Dwija dan Dewi S, Made Rusmala. (2015). Pengaruh Ukuran Perusahaan, Likuiditas, Profitabilitas Dan Risiko Bisnis Terhadap Struktur Modal Perusahaan Farmasi. E-Jurnal Manajemen Vol 4 No 7 Unud: Bali

Brigham, Eugene F dan Houston, Joel F. (2012). Dasar-Dasar Manajemen Keuangan, Edisi Buku 10. Salemba Empat: Jakarta

Chen, J., Jiang, C., Lin, Y., & Chen, J. (2014). What Determine Firms ’ Capital Structure in China ? Managerial Finance, 40(10), 1024–1039.

Deesomsak, R., Paudyal, K., & Pescetto, G. (2004). The determinants of capital structure: Evidence from the Asia Pacific region. Journal of Multinational Financial Management, 14(4–5), 387–405.

Degryse, H., Goeij, P. De, & Kappert, P. (2012). The impact of firm and industry characteristics on small firms ’ capital structure. Small Bus Econ, 38, 431–447.

Handoo, A., & Sharma, K. (2014). A study on determinants of capital structure in India. IIMB Management Review, 26(3), 170–182.

Hussain, M., Shahid, H., & Akmal, M. (2016). Effect of Profitability and Financial Leverage on Capita Structure in Pakistan Textile Firms. Arabian Journal of Business, 6(4), 4–7.

Ichwan, Fith Yuniar. 2015. Pengaruh Ukuran Perusahaan, Struktur Aktiva, dan Profitabilitas Terhadap Struktur Modal. Jurnal Ilmu dan Riset Akuntansi, 4(6) STIESIA : Surabaya.

Maryanti, E. (2016). Analisis Profitabilitas, Pertumbuhan Perusahaan, Pertumbuhan Sektor Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia, Riset Akuntansi Dan Keuangan Indonesia, 1(2), 143–151.

Nadem, Masoud., Nabiei, Hosein., Noroozi, Mohammad., Madine, Seyed Mohsen., Chadegani, A. A. (2012). Determinants of Capital Structure : Evidence from Iranian Listed Companies. International Research Journal of Finance and Economics, (101), 81–89.

Nasimi, R. N. (2016). Determinants of Capital Structure (An Empirical Evidence, US). Global Journals Inc, 16(4).

Ogbulu., Maxwell, O., & Kehinde, F. (2012). Determinants of Corporate Capital Structure in Nigeria, International Journal Of Economics and Management Sciences, 1(10), 81–96.

Onofrei, M., Brindusa, M., Durdureanu, C., & Gabriel, S. (2015). Determinant factors of firm leverage : An empirical analysis at Iasi county level. Procedia Economics and Finance, 20(15), 460–466.

Pratheepan, T., & Weerakon Banda, Y. K. (2016). The Determinants of Capital Structure: Evidence from Selected Listed Companies in Sri Lanka. International Journal of Economics and Finance, 8(2), 94.

Proença, P., Laureano, R. M. S., & Laureano, L. M. S. (2014). Determinants of capital structure and the 2008 financial crisis : evidence from Portuguese SMEs. Procedia - Social and Behavioral Sciences, 150, 182–191.

Riyanto, Bambang. (2011). Dasar-Dasar Pembelanjaan Perusahaan. BPFE, Yogyakarta

Sartono, Agus. (2010). Manajemen Teori dan Aplikasi. Edisi Keempat. BPFE: Yogyakarta

Seftianne dan Ratih Handayani. (2011). Faktor-faktor yang mempengaruhi Struktur Modal pada Perusahaan Publik Sektor Manufaktur. Jurnal Bisnis dan Akutansi , 13 (1), 39 – 56

Serghiescu, L., & Viorela-ligia, V. (2014). Determinant factors of the capital structure of a firm- an empirical analysis, Procedia Economics and Finance.15(14), 1447–1457.

Sudana, I. Made., (2012). Manajemen Keuangan Perusahaan : Teori dan Praktek, Edisi Ke-2, Erlangga, Jakarta.

Sugiyono. (2014). Metode Penelitian Kuantitatif , Kualitatif dan R&D. Alpha Betha: Bandung

Susanti, Yayuk. (2015). Faktor-Faktor yang Mempengaruhi Struktur Modal Perusahaan Food and Beverages. Jurnal Ilmu dan Riset Manajemen Vol 4 No 9 STIESIA : Surabaya

Suweta, Ni Made Novione Purnama Dewi dan Dewi, Made Rusmala. (2016). Pengaruh Pertumbuhan Penjualan, Struktur Aktiva dan Pertumbuhan Aktiva terhadap Struktur Modal. E-Jurnal Manajemen Unud, Vol 5 No 8 : Bali

Winarno, Wing, Wahyu. (2009). Analisis Ekonometrika dan Statistik dengan Eviews. Kedua. STIM YKPN: Yogyakarta

Published

2018-07-11