pengaruh profitabilitas, struktur aset, risiko bisnis, dan penghematan pajak terhadap struktur modal perusahaan (studi empiris pada perusahaan manufaktur terdaftar di bei periode 2014-2016)
| Main Author: | Winarti, Rusy Yana |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
, 2018
|
| Subjects: | |
| Online Access: |
http://kc.umn.ac.id/5645/1/Rusy%20Yana%20Winarti%20-%2014130210035.pdf http://kc.umn.ac.id/5645/ |
Daftar Isi:
- The objective of this study was to obtain empirical evidence about the effect of profitability, asset structure, business risk, and tax shield towards capital structure. In this study, profitability was measured by Net Profit Margin (NPM), asset structure was measured by comparation of the amount of the fixed assets with total assets (SA), business risk was measured by Degree of Operating Leverage (DOL),and tax shield was measured by Tax Benefit (TAXB) toward capital structure which measured by Debt to Equity Ratio (DER) Samples in this study was selected using purposive sampling method and the secondary data used in this study was analyzed by using multiple regression method. The sampels in this study were 41 firms in manufactures that were listed in Indonesia Stock Exchange period 2014-2016. The result of this study was profitability (NPM), asset structure (SA), and tax shield (TAXB) had significant effect on capital structure measured by Debt to Equity Ratio (DER) while business risk (DOL) had no significant effect towards capital structure. All independent variables had significant effect on capital structure simultaneously.