PENGARUH LIKUIDTAS, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN JAKARTA ISLAMIC INDEX YANG TERDAFTAR DI BURSA EFEK INDONESIA
Abstract
The purpose of this research are: 1. To determine the description of liquidity, profitability, company size and capital structure. 2. To determine the effect of Liquidity, Profitability, Company Size on the Capital Structur either simultaneously or partially. The research was conducted using qualitative descriptive analysis methods and quantitative descriptive analysis. The analysis technique used is classic assumption test, multiple linear regression analysis, simple linear regression analysis, correlation coefficient, coefficient of determination and hypothesis testing. Objects in the Jakarta Islamic Index listed on the Indonesia Stock Exchange of financial statements for the periode 2017-2021. The result of this research can be summarized as follows: 1. Average liquidity tend to decrease while profitability and company size tend to increase and average capital structure consistenly increases. 2. The result of multiple linear regression analysis are known that the liquidity and profitability have negative effect on capital structure, while the size has positive effect on capital structure. The results of simple linear testing show that liquidity, profitability and company size have a negative effect on capital structure 3. The result of the Correlation coefficient test of liquidity, profitability, and company size on capital structure, it is known that there is a moderate correlation between the independent variable and the dependent variable. Meanwhile, for the coefficient of determination, it is know that liquidity, profitability and company size are able to explain capital structure of 23,6% and the rest is explained by other variables or others factors not examined in this research such as business risk, tax position, asset structure, and interest rate. 4. The result of the F test it is known that liquidity, profitability and company have a significant effect on capital structure. 5. The result of the t test liquidity has a significant effect on capital structure while profitability and company size have insignificant effect on capital structure.
References
Afa and Hazmi, S. (2021) „Pengaruh Likuiditas, Risiko Bisnis dan Struktur Aktiva terhadap Struktur Modal‟, Jurnal Al-Qardh, 6(1), pp. 30–44. doi: https://doi.org/ 10.23971/jaq.v6i1.2691.
Andika, I. K. R. and Sedana, I. B. P. (2019)
„Pengaruh Profitabilitas, Struktur Aktiva, dan Ukuran Perusahaan Terhadap Struktur Modal‟, E-Jurnal Manajemen,
(9).
Brigham, E. F. and Houston, J. F. (2018) Dasar-Dasar Manajemen Keuangan. 14th edn. Jakarta: Salemba Empat.
Darmawan, A. et al. (2021) „Pengaruh Profitabilitas, Likuiditas dan Ukuran Perusahaan terhadap Struktur Moda‟, AKUISISI (Jurnal Akuntansi), 17(02),
pp. 93–106. doi: https://doi.org/10.24127/akuisisi.v17i2.6 43.g441.
Deviani, M. Y. and Sudjarni, L. K. (2018)
„Pengaruh Tingkat Pertumbuhan, Struktur Aktiva, Profitabilitas, dan Likuiditas terhadap Struktur Modal Perusahaan Pertambangan di Bursa Efek Indonesia‟, E-Jurnal Manajemen, 7(3), pp. 1222–1254. doi:
https://doi.org/10.24843/EJMUNUD.2018. v7.i03.p04.
Geraldine, C. and Lestari, M. I. (2022) „Pengaruh Profitabilitas, Likudi, Tangibility, Pertumbuhan dan Ukuran Perusahaan Terhadap Struktur Modal Pada Perusahaan Barang Konsumsi Yang Terdaftar di BEI Periode 2015 - 2019‟, Jurnal Bina
Akuntansi, 9(2), pp. 210–236. doi: https://doi.org/10.52859/jba.v9i2.221.
Hanafi, M. M. (2018) Manajemen Keuangan. 2nd edn. Yogyakarta: BPFE- YOGYAKARTA.
Hery (2017) Kajian Riset AKuntansi. Edited by
A. Pramono. Jakarta: Grasindo.
Horne, J. C. Van and Wachowicz, J. M. (2012) Prinsip-prinsip Manajemen Keuangan. 13th edn. Edited by E. S. Suharsi. Jakarta: Salemba Empat.
Inrawan, A. et al. (2020) ‘Pengaruh Likuiditas Dan Solvabilitas Terhadap Rentabilitas Modal Sendiri Pada Pkpri Di Kabupaten Simalungun’, ACCOUNTHINK : Journal of Accounting and Finance, 5(01), p. 1.
Inrawan, A., Silitonga, H. P. and Sudirman, A. (2020) ‘Analisa Faktor Eksternal yang Mempengaruhi Tingkat Return on Equity’, Jesya (Jurnal Ekonomi & Ekonomi Syariah), 3(2), pp. 144–154. doi: 10.36778/jesya.v3i2.197.
Lilia, W. et al. (2020) „Pengaruh Profitabilitas, Likuiditas, Ukuran Perusahaan terhadap Struktur Modal Perusahaan Property dan Real Estate yang terdaftar di BEI‟, Owner (Riset dan Jurnal Akuntansi), 4(2), pp. 627–639. doi: 10.33395/owner.v4i2.259.
Nabayu, Y. P. et al. (2020) „Pengaruh profitabilitas, struktur aktiva, dan likuiditas terhadap struktur modal pada perusahaan makanan minuman yang terdaftar di Bursa Efek Indonesia pada tahun 2014-2017‟, Jurnal Paradigma Ekonomi, 15(2), pp. 147–162. doi:
https://doi.org/10.22437/paradigma.v15i2.1 0316.
Purnami, N. P. S. and Susila, G. P. A. J. (2021)
„Pengaruh Profitabilitas dan Likuiditas terhadap Struktur Modal pada Perusahaan Sub Sektor Batu Bara di BEI‟, Jurnal Ilmiah Akuntansi dan Humanika, 11(3), pp. 2599–2651.
Sudana, I. M. (2015) Manajemen Keuangan
Perusahaan. 2nd edn. Edited by N. I.Salmana. 2015: Erlangga.
Siahaan, Y., Susanti, E. and Sudirman, A. (2020) ‘Effect of firm characteristics on firm value through triple bottom line disclosure: Pharmaceutical companies listed on Indonesia stock exchange’, International Journal of Scientific and Technology Research, 9(2), pp. 2228–2234.
Supitriyani et al. (2020) ‘Faktor-Faktor Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Harga Saham Sebagai Pemoderasi’, Probank: Jurnal Ekonomi dan Perbankan, 5(1), pp. 13–23.
