PENGARUH PROFITABILITAS DAN PERTUMBUHAN ASET SERTA UKURAN PERUSAHAAN TERHADAP LEVERAGE PADA PERUSAHAAN SEKTOR PERTANIAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

RINDHY NILA SARI, RUSDIAH ISKANDAR, FIBRIANI NUR KHAIRIN

Abstract


This study aimed to determine the effect of profitability, asset growth and size of the company to leverage on the agricultural sector companies listed on the Indonesian stock exchanges. In this population is the agricultural sector company listed on the Indonesian stock exchange in term of 2012 – 2014. While the sample is determined by purposive sampling method to obtain 11 companies sample. The type of data used are secondary data obtained from www.idx.co.id. The analysis method used is multiple linear regression. analysis based on the results of multiple  linear regression analysis with significance level of 5%.The result of this study concluded profitability (ROA) negative effect and significant on leverage, asset growth significant effect on leverage and company size does not significantly affect the leverage.

Keywords: leverage, profitability, asset growth and size.


References


Al-Najjar, Basil. 2011. Empirical Modelling of Capital Structure: Jordanian Evidence. Journal of Emerging Market Finance. 2011, 10:1. Institute for Financial Management and Research.

Al-Najjar, B & Taylor, P. 2008. The Relationship Between Capital Structure and OwnershipStructure. Managerial Finance. Vol. 32 No.12 pp.919-933.

Alom, Khairul. Capital Structure Choice of Bangladeshi Firms: An Empirical Investigation. Macrothink Institute. Asian Journal of Finance & Accounting. 2013. ISSN 1946-052X. Vol.5, No.1.

Aristiyani, Desak Gede Utami dan I Gusti Putu Wirawati. 2013. Pengaruh Debt Total Assets, Dividen Payout Ratio dan Ukuran Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 3(3), hal :216-230.

Atmaja, Lukas Setia. 2008. Teori dan Praktik Manajemen Keuangan. Yogyakarta: ANDI.

Brigham, Eugene F. dan Houston, Joel F. 2006. Dasar-Dasar Manajemen Keuangan. Edisi 10. Diterjemahkan oleh Ali Akbar Yulianto. Jakarta: Salemba Empat.

Brealey, Myers,dan Marcus,2008.“Dasar-Dasar Manajemen Keuangan Perusahaan”,Jilid 1, Penerbit Erlangga, Jakarta.

Chen, Yinghong and Hammes, Klaus. 2005. “Capital structure: Theories and Empirical Result – A Panel Data Analisis”. Working Paper.

Crutchley, Claire E dan Robert S. Hansen. 1989. A Test of the Agency Theory of Managerial Ownership, Corporate Leverage and Corporate Cividend. Financial Management (Winter) : hal 36-46

Esperanca, J.P., Gama, A.P.M., and Gulamhussen, M.A. 2003. “Corporate dept policy of small firms: an empirical (re)examination”. Journal of Small Business Enterprise Development. Vol.10, No.1, pp.62-80.

Ezeoha, A.E. 2008. “Firm size and corporate financial-leverage choice in a developing economy: evidence from Nigeria”. The Journal of Risk Finance. Vol.9, No.4, pp.351-364.

Ghozali, Imam. 2006. Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.

Ghozali, Imam. 2009. Ekonometrika Teori, Konsep dan Aplikasi dengan SPSS. Semarang: Badan Penerbit Universitas Diponegoro.

Halim, abdul 2007. Manajemen Keuangan Bisnis, Bogor: Ghalia Indonesia.

Hadianto, Bram. 2007. “Pengaruh Struktur Aktiva, Ukuran Perusahaan, dan profitabilitas terhadap Struktur Modal Emiten Sektor Telekomunikasi Periode 2000-2006: sebuah Pengujian Hipotesis Pecking Order”. Paper. Bandung: Universitas Kristen Maranatha Bandung.

Hasan Iqbal. 2003. Pokok-pokok materi statistik 1. PT Bumi Aksara: Jakarta.

Joni dan Lina. 2010. Faktor-Faktor Yang Mempengaruhi Struktur Modal. Jurnal Bisnis Akuntansi. Vol. 12, No.2. Agustus 2010, Hal 81-96.

Kennedy, Nur Azlina dan Anisa Ratna Suzana. 2010. Faktor-faktor yang mempengaruhi struktur modal pada perusahaan Real Estate dan Property yang Go public di Bursa Efek Indonesia. Jurnal Akuntansi Fakultas Ekonomi Universitas Riau.

Mas’ud, Masdar. 2008. Analisis Faktor-faktor yang Mempengaruhi Struktur Modal dan Hubungannya Terhadap Nilai Perusahaan. Jurnal Manajemen dan Bisnis; Vol 7. No. 1, pp. 82-99.

Padron, Y.G., Apolinario, R.M.C., Santana, O.M., Martel, V.C.M., and Sales, L.J.

, “Determinant Factor of Leverage: an empirical analysis of Spanish corporations”. The Journal of Risk Finance, Vol.6, pp.60-68.

Prabansari, Yuke dan Hadri Kusuma. 2005. Faktor-Faktor Yang Mempengaruhi Struktur Modal Perusahaann ManufakturnGo Public di Bursa Efek Indonesia. Sinergi Kajian Bisnis dan Manajemen, Edisi Khusus on Finance, Hal. 1-15.

Rahmadian Widyarini. 2014. “Analisis faktor-faktor yang mempengaruhi leverage pada perusahaan tambang yang terdaftar di Bursa Efek Indonesia. Jurnal Akutansi Universitas Diponegoro.

Riduawan. 2011. Dasar-dasar Statistika. Bandung: Alfabeta.

Riyanto, Bambang. 2011. Dasar-Dasar Pembelanjaan Perusahaan. Yogyakarta: BPFE.

Sartono, Agus. 2010. Manajemen Keuangan. Edisi 4. Yogyakarta: BPFE.

Serrasqueiro, Z.M.S. and Rogao, M.C.R. 2009. Capital structure of listed Portuguese companies,Review of Accounting and Finance. 8 (1), 54-75.

Tika, Pabundu. 2006. Budaya Organisasi dan Peningkatan Kinerja Perusahaan. Jakarta: PT Bumi Aksara.

Viviana, Jean-Laurent. 2008. “Capital structure determinants: an empirical study of French companies in the wine industry”. International Journal of Wine Business Research, Vol. 20, No.2, pp.171-194.

http://www.idx.co.id


Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Jurnal Ilmu Akuntansi Mulawarman (JIAM)

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

 

 

 

 

 

 

 

 

Web Counter

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.