This Author published in this journals
All Journal ADVANCE
Lestiyani Lestiyani
STIE Adi Unggul Bhirawa

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

Antecedents of Capital Structure Registered Companies on the Lq-45 Index on the Indonesia Stock Exchange 2014-2017 Denny Mahendra; Lestiyani Lestiyani
ADVANCE Vol 6, No 1 (2019): July
Publisher : STIE AUB Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to determine the empirical evidence that determines the capital structure of Manufacturing Companies Listed on the Indonesia Stock Exchange in 2014 to 2017. The research design using the causal method is ex post facto. The population in this study are all companies that are listed in the LQ-45 index on the Indonesia Stock Exchange in 2014-2017. The samples in this study are company data available in the Indonesian Capital Market Directory (ICMD) inĀ  2014-2017 as many as 25 companies. The results showed that there were four hypotheses which proved to have a significant effect on the company's debt ratio value. First, company growth (growth) had a significant effect on the company's debt ratio value (= 0.011; tcount = 2.699; 0.008 <0.05); second, the results of the study show that the profitability proxied by CR shows a significant negative effect (= -0,001; thitung = -2,600; 0,010 <0,05; Third, there is a significant and negative relationship between size and debt ratio (= 0,164; thitung = 2,039; 0,044 <0,05. So the third hypothesis in this study is proven. ROE has a significant effect on the debt ratio (= 0,020; thitung = 21,424; 0,000 <0,05).