PENGARUH HUTANG JANGKA PENDEK, HUTANG JANGKA PANJANG, DAN TOTAL HUTANG TERHADAP ROA DAN ROE PERUSAHAAN YANG TERDAFTAR DALAM INDEKS LQ-45 DI BEI PERIODE 2011-2014
ABSTRACT: This
study aims to analyze the factors that affect of debt level including
short-term debt, long-term debt, and total debt on firm’s performance which
using ROA and ROE as a profitability measurements ratio.
This study using multiple
regression analysis in estimating the relationship between the debt level and
firm’s performance. Object in this study are a listed company in the LQ- 45
index on Indonesia Stock Exchange (IDX) and always published the financial statements
and annual report for the period 2011-2014. Purposive sampling method was using
to select the sample and obtained 72 samples. Data used is secondary data such
as financial statements and annual reports. Analysis of the data used is
descriptive statistics, the classic assumption test, and regression analysis.
Based from classic assumption
test, there is no found any data storage so that data has been qualified. From
the regression analysis test showed that short-term debt (STD) has a
significantly positive relationship with ROA, long-term debt (LTD) has a significantly
negative relationship with ROA, while total debt (TTD) has no significant on ROA.
On the other hand, short-term debt (STD) and total debt (TTD) has a positively significant
among ROE, while long-term debt (LTD) is negatively significant with ROE.
Keywords:
Short-term debt (STD), Long-term debt (LTD), Total debt (TTD), ROA, ROE
Penulis: Akhkim Kuncoro Jati, Budi Sudaryanto
