DETERMINASI CAPITAL SRTUCTURE PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK JAKARTA PERIODE 2000 - 2004
ABSTRACT: This study attempts
to analyze the determinants of capital structure in the Indonesian
manufacturing industry from 2000 to 2004. Empirical hypotheses, drawn from five
independent variables are tested against a sample of 49 firms or a cross
sectional data. The results show that only In total asset (size), net operating
income (NOI), and return on asset (ROA) affect long-term debt to total asset
(leverage). It finds a positive relation between leverage and In total asset, a
negative relation between leverage and profitability (NOI and ROA). Delta sales
(growth) and ownership structure have no effect on leverage. These findings are
stable in 2000 through 2004.
Penulis: Titik Indrawati
Suhendro
Kode Jurnal: jpakuntansidd060048
