STUDI EMPIRIS TERHADAP FAKTOR YANG MEMPENGARUHI
DEBT TO EQUITY RATIO PADA PERUSAHAAN AUTOMOTIVE AND ALLIED PRODUCT YANG GO PUBLIC
Jurusan Administrasi Niaga, Politeknik Negeri Semarang
Jl. Prof.H.Sudarto, SH, Tembalang,Kotak Pos 6199/SMS Semarang 50061
The study was conducted to examine the effect of variable asset structure, profitability, growth of sales, business risk and firm size on debt to equity ratio (DER). The data used in the form of a company’s financial statements Automotive and Allie Product listed on the Indonesia Stock Exchange in 2005-2010.
Sample selection done by using purposive random sampling method. Data analysis tool used is linear regression of the data and the previously performed screening test classic assumptions. Partial regression coefficients were tested using t-statistic and F-statistic used to test the effect of the multiple.The result showed that the asset structure, and profitability of a significant negative effect on DER. Firm size significant positive effect on DER. While the business risk and growth of sales does not effect on DER.
Key words: Asset structure, profitability, growth of sales, business risk, firm size debt to equity ratio