“THE IMPACT OF CAPITAL STRUCTURE ON PROFITABILITY” (Empirical Study of Telecommunication Company Listed on Indonesia Stock Exchange (IDX) since 2011 to 2015)
| Main Author: | Yudrikul, Khairat |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
, 2017
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| Subjects: | |
| Online Access: |
http://scholar.unand.ac.id/24455/1/cover%20and%20abstract.pdf http://scholar.unand.ac.id/24455/2/CHAPTER%201.pdf http://scholar.unand.ac.id/24455/3/CHAPTER%20V.pdf http://scholar.unand.ac.id/24455/4/REFERENCES.pdf http://scholar.unand.ac.id/24455/5/full.pdf http://scholar.unand.ac.id/24455/ |
Daftar Isi:
- This research was done to assess “the impact of capital structure on profitability” (Empirical Study of Telecommunication Company Listed on Indonesia Stock Exchange (IDX) since 2011 to 2015). Then was selected four (4) companies that fit into the criteria of the sample, there are PT. TELKOM Tbk, PT. Indosat, Tbk,PT. XL AXIATA, Tbk and PT. Smartfren Telecom, Tbk. Data sources used are data from Indonesia Stock Exchange in the form of financial statement since 2011 to 2015. The dependent variable proxied by Return on equity (ROE) or profit after interest and tax was used to representing profitability, whilst capital structure as dependent variables was represented by the value of short term debt (STD), long term debt (LTD) and equity (EQ), while firm size, total asset turn over and sales growth as control variables. The statistic method used was multiplied linear regression analysis with hypothesis testing of statistic t test. The results of research show that all capital structure components (short term debt, long term debt, and equity) has affect to profitability. Independent variables that have a dominant influence to the company's profitability is long term debt variable, this is indicated by beta value standardized coefficients generated is equal to 1.082E-8. Keyword: Capital structure, long term debt, profitability, short term debt, equity