PENGARUH LEVERAGE KEUANGAN TERHADAP PROFITABILITAS PADA PERUSAHAAN PARIWISATA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2011-2015
Abstract: Based on data from
BPS in 2017, the company's debt in the hotel, restaurant and tourism sector has
the highest debt rate compared to other sectors. This attracts writers to find
out whether the high debt to tourism companies has a significant effect on the
profitability of the company.The main objective this study is to examine the
effect of debt to assets ratio (DAR), debt to equity ratio (DER), degree of
financial leverage (DFL), long debt to equity ratio (LDER), and time interest
earned ratio (TIER) on return on equity (ROE)
simultaneously and partially
in torism companies.
Multiple linier regression analysis is used as a data
analysis tool with return on equity (ROE) as the dependent variable.
This study uses secondary data derived from the financial statements of
tourism companies listed on IDX period 2011-2015. Purposive sampling is used as
a sampling method and obtained 10 companies from 23 companies listed on IDX.
The result of this research shows that DAR, DER, DFL, LDER, and TIER have
simultaneous and significantly influence toward ROE. Partially, DAR has
positive and significant effect to ROE, while DER has negative and not
significant effect to ROE. The DFL variable has a positive and significant
effect on ROE, while LDER has a negative and significant effect on ROE. The
TIER variable has a negative and insignificant effect on ROE at the 5%
significance level.
Keywords: profitability,
leverage ratio, tourism companies, ROE
Penulis: Muhammad Hajar
Ashari, R. Djoko Sampurno
Kode Jurnal: jpmanajemendd170963
