Analisis faktor-faktor yang mempengaruhi struktur modal bank-bank di Indonesia

KASIM, Abdul Rahman Ahmad, Indra Wijaya Kusuma, Prof., Dr., MBA

2009 | Tesis | S2 Magister Manajemen

Penelitian ini dilakukan dengan tujuan untuk menguji pengaruh profitability, market to book, tax, asset structure, growth, risk dan size terhadap struktur modal. Berbeda dengan jurnal yang direplikasi, tesis menambahkan market to book sebagai variabel independen yang ada di jurnal yaitu profitability, growth, tax, asset structure, risk dan size. Penulis menggunakan market to book ini dengan pertimbangan untuk memperluas kajian dalam perspektif pasar. Penelitian dilakukan dengan mengambil sampel bank di Indonesia pada kurun tahun 2004 – 2007. Hasil penelitian memberikan kesimpulan bahwa (1) Terdapat pengaruh profitability, market to book, tax dan asset structure terhadap struktur modal. Hal ini ditunjukkan oleh signifikansi dari keempat variabel tersebut < 0,05. (2) Tidak terdapat pengaruh growth, risk dan size terhadap struktur modal. Hal ini ditunjukkan oleh signifikansi dari ketiga variabel tersebut >0,05.

This research has objective to examine about profitability, market to book, tax, asset structure, growth, risk and size effect toward capital structure. This research has a differentiation with replicated journal, that on market to book variable has been added as independent variables, completing some variables exist on journal, such as profitability, growth, tax, asset structure, risk and size. The use of market to book as variable in order to expand analysis on market perspective. The sample research are Indonesian banks on 2004 – 2007 period. As the result can concluded that (1) There is effect of profitability, market to book, tax and asset structure toward capital structure. This is shown on significancy of that four variables less than 0,05. (2) There is no effect of growth, risk and size toward capital structure. This is shown on significancy of that three variables more than 0,05.

Kata Kunci : Profitability,Market to book,Tax,Asset structure,Growth,Risk,Size,Struktur modal