PENGARUH STRUKTUR MODAL TERHADAP KINERJA KEUANGAN PERUSAHAAN (SEKTOR INDUSTRI MANUFAKTUR SUBSEKTOR MAKANAN DAN MINUMAN YANG GO PUBLIK PERIODE 2008-2017)
Daftar Isi:
- The capital structure is a permanent use of funding sources, consisting of short term debt, Preferent shares and shareholder capital. This research aims to test the influence of capital structure on the company's financial performance (industrial sector of food and beverage subsector Manufacturing period 2008-2017). The research examines the relationship of each of the five capital structure variables, namely Debt to Assets Ratio (DAR), Debt to Equity Ratio (DER), Short Term Debt (STD), Long Term Debt (LTD), and the company's size to Return on Assets (ROA) and Return on Equity (ROE). The sample in this research is a public-and go-to-stock subsector of the food and beverage company listed on Indonesian stock exchange period 2008-2017. Sampling was done by purposive sampling method and gained 10 company samples. Data analysis uses multiple linear regression with the help of SPSS 24.0 program. The results showed that the DAR variables had no effect on ROE and ROA, the DER variables did not affect ROE, the DER variable's effect on ROA, the STD and LTD variables were influential against ROA and ROE, and the company size variables Has no effect on ROA and ROE. The implication of this research is that companies can consider managing capital structures to improve the company's financial performance quality. The limitations in this study, the authors advise to prolong the research period, expanding the research sector samples.