Pengaruh Struktur Modal, Risiko Bisnis dan Pertumbuhan Penjualan terhadap ROE Perusahaan Manufaktur

Dina Ika Kaptiana; Nadia Asandimitra

doi:10.26740/bisma.v6n2.p122-129

Authors

Dina Ika Kaptiana Universitas Negeri Surabaya
Nadia Asandimitra Universitas Negeri Surabaya

DOI:

https://doi.org/10.26740/bisma.v6n2.p122-129

Keywords:

ROE, capital structure, business risk, and sales growth

Abstract

This research was conducted to determine the effect of capital structure, business risk and sales growth with ROE for manufacturing companies (sector industry consumer goods) during 2008-2012. The independent variable is capital structure, business risk and sales growth.The sample was manufacturing (sector industry consumer goods),which publishes the annual report and quarterly financial reports I-IV during 2008-2012. It uses purposive sampling method. This data using secondary data obtained from the annual report and quarterly financial statements issued I-IV manufacturing companies (sector industry consumer goods) on the Stock Exchange. Analysis data method is using multiple linier regression. The analysis showed simoultantly variable capital structure, business risk and growth in sales affect ROE. Business risk get positive effect to ROE. While the capital structure and sales growth has no effect to ROE. Variable explaining independent variable is get 69,9% while the rest 30,1% can influenced by other variable.

References

Anwar, Muhadjir. 2009. œPengaruh antara Risiko Bisnis, Strategi Pertumbuhan, Struktur Modal terhadap Kinerja Perusahaan Makanan dan Minuman di Bursa Efek Jakarta. Jurnal Aplikasi Manajemen, (Online), Vol. 7 No. 2, pp 305-314. (http://jurnal/jam.ub.ac.id/inde x.com, diakses 12 Oktober 2012).
Arikunto, Suharsimi. 2010. Prosedur Penelitian. Jakarta: PT.Rineka Cipta. Brigham, E.F dan Houston, J.F. 2006. Dasar-Dasar Manajemen Keuangan. Edisi Sepuluh. Buku Kedua. Jakarta: Salemba Empat.
Chathoth, P.K. 2002. œCo-Alignment between Environment Risk, Corporate Strategy, Capital Structure and Firm Performance : An empirical investigation of Restaurant Firms. Proquest Information and Learning Company Virginia, (Online), (http://scholar.lib.vt.edu/theses/available/etd-051160231/unrestricted/Chathoth2002.pdf, diakses 23 Oktober 2012).
Daft, R.L. 2007. Manajemen. Edisi Enam. Buku Pertama. Jakarta: Salemba Empat.
Fahmi, Irham. 2011. Manajemen Kinerja Teori dan Aplikasi. Cetakan Kedua. Bandung:
Horne, J.C.V. dan Wachowicz, J.M. 1998. Prinsip-Prinsip Manajemen Keuangan. Edisi Kesembilan. Terjemahan oleh Heru Sutojo. Jakarta: Salemba Empat.
Ikatan Akuntansi Indonesia. 2011. Standard Akuntansi Keuangan. Jkarta: PT. Raja Grafindo Persada.
Kasmir. 2010. Pengantar Manajemen Keuangan. Edisi Kesatu. Cetakan Kedua. Jakarta: Kencana.
Kim, C. et al. 1998. œThe Determinants of Corporte Liquidity: Theory and Evidence. Jornal of Financial and Quantitative Analysis. (Online). Vol 33. No.3, Hal. 335-339. (http://www.ssrn.com, diakses 10 Maret 2012).
Nireyanti, Chandra. 2006. œAnalisis Faktor-Faktor yang Mempengaruhi Kebijakan Pendanaan pada Perusahaan Mnufaktur yang Terdaftar di Bursa Efek Jakarta (BEJ) Thun 2003. Skirpsi. Yogyakarta: Universitas Islam Indonesia.
Pritarini, N.S. 2011. œPengaruh Strategi Perusahaan dan Struktur Modal terhadap Kinerja Perusahaan yang Listing di BEI. Skripsi. Surabaya:UNAIR.
Putri, D, S. 2011. œAnalisis Struktur Modal dan Pengaruhnya terhadap Kinerja Perushaan (Studi Kasus pada PT. Pupuk Iskandar Muda Aceh Utara). Skripsi. Medan: Universitas Sumatera Utara.
Sihotang. R.P. 2011. œAnalisis hubungan Profitabilitas dengan Pergerakan Harga Saham. Skripsi. Bandung: Universitas Pendidikan Indonesia
Su, Gi Shian. 2010. œThe Relationship Between Corporate Strategy, Capital Structure and Firm Performance: An Empirical Study of the Listed Companies in Vietnam. International Research Journal of Finance and Economics ISSN 1450-2887 Issue 20, (Online), hal 61-71. (http://www.eurojournals.com/finance.htm, diakses 12 Oktober 2012).
www.news.okezone.com.Perusahaan Sektor Industri Barang Konsumsi. 2013, (diakses 15 Februari 2013)