Jambura Science of Management
Vol 3, No 2 (2021): Jambura Science of Management - July 2021

Capital Structure and Financial Performance of Manufacturing Companies in Indonesia

Ni Luh Ira Suitri (Department of Management, Economic Faculty, Universitas Negeri Gorontalo)
Mohamad Agus Salim Monoarfa (Department of Management, Economic Faculty, Universitas Negeri Gorontalo)
Srie Isnawaty Pakaya (Department of Management, Economic Faculty, Universitas Negeri Gorontalo)

Article Info

Publish Date
14 Jul 2021


This study aims to determine whether the Capital Structure affects the financial performances partially and simultaneouslly. The Capital Structure in this study is proxide by Debt to Asset Ratio (DAR) and Long Term Debt to Equity Ratio (LTDER), whereas the financial performance is proxide by Return On Asset (ROA). the type of data used in this study is secondary data obtained from the financial statements os plastic and packaging companies listed on the Indonesia Stock Exchange in 2012-2019. The analysis method uses multiple linier regression analysis. The result revealed that partially DAR had negative and significant effect on ROA, while LTDER had no significant effect on ROA. The result also shows that simultaneouslly DAR and LTDER have a significant effect on ROA.

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Journal Info





Economics, Econometrics & Finance


Jambura Science of Management is a peer-reviewed journal published by Department of Management, Faculty of Economic, Universitas Negeri Gorontalo twice a year in January and July. P-ISSN (2655-3651) E-ISSN (2656-0453) The aims of this journal is to provide a venue for academicians, researchers and ...