Pengaruh Kebijakan Dividen dan Profitabilitas terhadap Struktur Modal Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia
| Main Author: | Tinambunan, Septin Debora |
|---|---|
| Other Authors: | Sugihen, Syafruddin Ginting |
| Format: | Student Papers |
| Bahasa: | ind |
| Subjects: | |
| Online Access: |
http://repository.usu.ac.id/handle/123456789/28428 |
Daftar Isi:
- This research is aim to test and describe whether dividend policy and profitability influence manufactures capital structure in Indonesian Stock Exchange. Dividend policy is indicated to Dividend Payout Ratio (DPR), Profitability is indicated to Return On Equity (ROE), and Capital Structure is indicated to Debt to Equity Ratio (DER). This research population is all manufacture entities which were listed in Indonesian Stock Exchange during the year 2005 to 2007. The sample selection is using purposive sampling method and the result is thirty one entities as sample. This research variable consists of Dividend Payout Ratio (DPR) and Return On Equity (ROE) as independent variable, and Debt to Equity Ratio (DER) as dependent variable. Descriptive Statistic method is used in this research by taking simple regression model to test independent variables influence to dependent variable individually and double regression to test its influence together. SPSS computer programme is used to test in this research. The result indicate that partially DPR and ROE unsignificantly influence the DER. If tested together both DPR and ROE unsignificantly influence the DER. These are showed by 0,008 of the R Square value, that neans 0,8 % variation from the DER change which can be explained by the two independent variables, meanwhile, the remainder 99,2 % explained by other variation factors which not include in regression model.
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