Pengaruh firm Size, Tangibility, Growth Opportunity, Profitability, dan earning Volatility pada Struktur Model Perusahaan Manufaktur Di Indonesia
SOMA, NARENDRA INSANO 9pembimbing: Marwan Asri, Prof., M.B.A., Ph.D.), Marwan Asri, Prof., M.B.A., Ph.D.
Penelitian ini bertujuan untuk menganalisis pengaruh firm size, tangibility, growth opportunity, profitability dan earning volatility pada struktur modal perusahaan manufaktur di Indonesia. Penelitian ini dilakukan pada periode tahun 2005-2009. Dalam penelitian ini, peneliti menguji bukti empiris antara firm size, tangibility, growth opportunity, profitability dan earning volatility terhadap struktur modal secara parsial dan simultan. Metode pengambilan sampel menggunakan purposive sampling dan dengan pengujian menggunakan regresi berganda.
Hasil penelitian ini menunjukkan bahwa tangibility berpengaruh signifikan negatif terhadap struktur modal. Faktor lain seperti firm size, growth opportunity, profitability, dan earning volatility tidak berpengaruh terhadap struktur modal. Sedangkan pengujian secara simultan, keseluruhan variabel independen mempunyai pengaruh terhadap struktur modal.
This study has purpose to analyze the influence of firm size, tangibility, growth opportunity, profitability and earning volatility on capital structure manufacturing company in Indonesia. The period of this study takes from 2005 to 2009. This study investigates the partial effect and simultaneous effect of firm size, tangibility, growth opportunity, profitability and earning volatility to capital structure manufacturing company in Indonesia. The sampling method on this study is using
purposive sampling and the estimation is using multiple regressions.
The result shows that tangibility has a negative significant effect to the capital structure. While others variable such as firm size, growth opportunity, profitability, and earning volatility do not have any effect to the capital structure. The result also shows that all of independent variables have a simultaneous effect to the capital structure.
Kata Kunci : Capital structure, firm size, tangibility, growth opportunity, profitability, earning volatility, Struktur modal
