PENGARUH STRUKTUR MODALTERHADAP KINERJA PERUSAHAAN NON FINANSIAL YANG TERDAFTAR DI BURSA EFEK INDONESIA Abstraksi / Abstracts:
This study aimed to determine the effect of capital structure on firm performance. The sample in this study is manufacturingcompanies listed in Indonesia Stock Exchange in the period 2008-2012. The sampling technique used ispurposive sampling. The independent variable in this study isshort term debt, long term debt andtotal debt. While the dependent variable isfirm performance and the control variable istangibility, liquidity, non debt tax shiled and efficiency. Data analysis model that is used regression panel and hypothesis testing. The results were obtained short term debt and long term debthave a negativesignificant effect on return on assets.Liquiditydan efficiencyhas a positive significant effect on return on assets. Total debt, tangibility dan non debt tax shield has no effect on return on assets. Non debt tax shield has significantnegative effect on return on equitywhile efficiency has a positive significant effect on return on equitywhileshort term debt, long term debt, total debt, tangibility and liquidity have no effect on return on equity. This study is useful for financial managers to improve performance should consider the capital structure, liquidity, non debt tax shield and efficiency.
Kata Kunci / Keywords:
Short Term Debt, Long Term Debt, Total Debt, Tangibility, Liquidity, Non Debt Tax Shield, Efficiency, Return on Assets, Return on Equity.
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