Published: 2023-10-01
Liquiditas, Profitabilitas dan Debt to Aseets Rasio pada Perusahaan Advertising, Media dan Printing yang Terdaftar di Bursa Efek Indonesia
DOI: 10.35870/emt.v7i4.1288
Arief Hidayat Tumanggor
Abstract
Capital structure decisions are an important aspect of complex financial management because they consider the relationship between long-term debt and equity, with the primary goal of maximizing owner wealth. property. This study aims to analyze the effects of current ratio and return on assets on capital structure (DAR) in advertising, media and printing companies listed on the Stock Exchange. Indonesia (BEI). Using the combined method, data were analyzed using the classical hypothesis method, multiple linear regression, t-test (partial), f-test (simultaneous) and coefficients determined using SPSS software. version 16. The results show that, in Part, the current ratio has no significant influence on capital structure (DAR) (sig 0.076), while the return on assets has a significant influence including capital structure (DAR) (sig 0.025). At the same time, both factors quick ratio and return on assets have a significant influence on capital structure (DAR) (sig 0.011). The coefficient of determination (R-Square) of 0.956 shows that about 95.6% of the variation in capital structure (DAR) can be explained by changes in the current ratio and return on assets, while the remaining 4.4% were influenced by other factors not investigated in Ceci's study. This study provides important information for financial managers to manage a company's capital structure more effectively.
Keywords
Downloads
Article Information
This article has been peer-reviewed and published in the Jurnal EMT KITA. The content is available under the terms of the Creative Commons Attribution 4.0 International License.
-
Issue: Vol. 7 No. 4 (2023)
-
Section: Articles
-
Published: October 1, 2023
-
License: CC BY 4.0
-
Copyright: © 2023 Authors
-
DOI: 10.35870/emt.v7i4.1288
AI Research Hub
This article is indexed and available through various AI-powered research tools and citation platforms. Our AI Research Hub ensures that scholarly work is discoverable, accessible, and easily integrated into the global research ecosystem. By leveraging artificial intelligence for indexing, recommendation, and citation analysis, we enhance the visibility and impact of published research.
Arief Hidayat Tumanggor
Fakultas Ekonomi, Universitas Amir Hamzah, Kabupaten Deli Serdang, Sumatera Utara, Indonesia
-
Ahmad Rodoni & Herni Ali. (2010). Manajemen Keuangan. Jakarta: Mitra Wacana Media.
-
Brigham, E. F., & Houston, J. F. (2010). Dasar-dasar Manajemen Keuangan (Edisi Sebelas). Jakarta: Salemba Empat.
-
Dermawan, Sjahrial. (2007). Manajemen Keuangan. Jakarta: Mitra Wacana Media.
-
Finky, U. V., Wijaya, L. I., & Ernawati, E. (2014). Faktor–Faktor yang Mempengaruhi Struktur Modal pada Industri Property dan Real Estate yang Terdaftar di BEI Periode 2008-2011. Calyptra: Jurnal Ilmiah Mahasiswa Universitas Surabaya, 2(2).
-
Finky, U. V., Wijaya, L. I., & Ernawati, E. (2014). Faktor–Faktor yang Mempengaruhi Struktur Modal pada Industri Property dan Real Estate yang Terdaftar di BEI Periode 2008-2011. Calyptra: Jurnal Ilmiah Mahasiswa Universitas Surabaya, 2(2).
-
Hani, S. (2014). Teknik Analisa Laporan Keuangan, Jilid 1. Penerbit In Media.
-
Juliandi, A. (2013). Metodologi Penelitian Kuantitatif. Medan: Universitas Muhammadiyah Sumatera Utara.
-
Jumingan. (2011). Analisis Laporan Keuangan (Edisi Kelima). Jakarta: Raja Grafindo Persada.
-
Kasmir. (2012). Analisis Laporan Keuangan. Jakarta: Raja Grafindo Persada.
-
Munawir. (2010). Analisa Laporan Keuangan (Cetakan Kelima Belas). Yogyakarta: Liberty Yogyakarta.
-
Putri, M. E. (2012). Pengaruh Profitabilitas, Total Assets Turnover, dan Ukuran Perusahaan Terhadap Struktur Modal (Studi Kasus Perusahaan Manufaktur Sektor Industri Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia). Jurnal Manajemen Fakultas Ekonomi Universitas Negeri Padang, 1(1), 1-28.
-
Putri, V. I. (2017). Pengaruh Current Ratio dan Return On Assets terhadap Struktur Modal (Debt to Aseets Ratio) pada perusahaan Advertising, Media dan Printing yang terdaftar di Bursa Efek Indonesia (Doctoral dissertation).
-
Riyanto, Bambang. (2008). Dasar-dasar Pembelanjaan Perusahaan (Cetakan Keenam). Yogyakarta: Yayasan Penerbit Gajah Madah.
-
Sartono, A. (2010). Manajemen Keuangan Teori dan Aplikasi (Cetakan Keempat Edisi Empat). Yogyakarta: BPEF-Yogyakarta.
-
Sitanggang, J. P. (2012). Manajemen Keuangan Perusahaan. Jakarta: Mitra Wacana Media.
-
Sugiyono. (2010). Metode Penelitian Kuantitatif Kualitatif Dan R&D (Cetakan Kesepuluh). Bandung: Alfabet.
-
Sugiyono. (2012). Metode Penelitian Bisnis (Cetakan Enam Belas). Bandung: Alfabeta.
-
Syamsudin, L. (2009). Manajemen Keuangan Perusahaan (Cetakan Kesebelas). Jakarta: PT Raja Grafindo.
-
Yuliani, N. W., & Candraningrat, I. R. (2014). Analisis Variabel yang Memengaruhi Struktur Modal Perusahaan Otomotif yang Terdaftar di Bursa Efek Indonesia (BEI) (Doctoral dissertation, Udayana University).
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Copyright and Licensing Agreement
Authors who publish with this journal agree to the following terms:
1. Copyright Retention and Open Access License
- Authors retain full copyright of their work
- Authors grant the journal right of first publication under the Creative Commons Attribution 4.0 International License (CC BY 4.0)
- This license allows unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
2. Rights Granted Under CC BY 4.0
Under this license, readers are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, including commercial use
- No additional restrictions — the licensor cannot revoke these freedoms as long as license terms are followed
3. Attribution Requirements
All uses must include:
- Proper citation of the original work
- Link to the Creative Commons license
- Indication if changes were made to the original work
- No suggestion that the licensor endorses the user or their use
4. Additional Distribution Rights
Authors may:
- Deposit the published version in institutional repositories
- Share through academic social networks
- Include in books, monographs, or other publications
- Post on personal or institutional websites
Requirement: All additional distributions must maintain the CC BY 4.0 license and proper attribution.
5. Self-Archiving and Pre-Print Sharing
Authors are encouraged to:
- Share pre-prints and post-prints online
- Deposit in subject-specific repositories (e.g., arXiv, bioRxiv)
- Engage in scholarly communication throughout the publication process
6. Open Access Commitment
This journal provides immediate open access to all content, supporting the global exchange of knowledge without financial, legal, or technical barriers.