Pengaruh variabel spesifik terhadap struktur modal perusahaan properti dan real estate yang terdaftar di Bursa Efek Indonesia

DETAIL KOLEKSI

Pengaruh variabel spesifik terhadap struktur modal perusahaan properti dan real estate yang terdaftar di Bursa Efek Indonesia

Oleh : Stevan Goklas Simanjuntak

Info Katalog

Nomor Panggil : : 022002004017

Penerbit : FEB - Usakti

Kota Terbit : Jakarta

Tahun Terbit : 2023

Pembimbing 1 : Maria C Widiastuti

Subyek : Financial management;Capital

Kata Kunci : firm age, firm size,growth, liquidity, non-debt tax shield, profitability tangibility

Status Posting : Published

Status : Lengkap

File Repositori

No.	Nama File	Hal.
1.	2023_TA_SMJ_022002004017_Halaman-Judul.pdf	10
2.	2023_TA_SMJ_022002004017_Lembar-Pengesahan.pdf	6
3.	2023_TA_SMJ_022001901151_Bab-1-Pendahuluan.pdf	7
4.	2023_TA_SMJ_022002004017_Bab-2-Tinjauan-Pustaka.pdf	31
5.	2023_TA_SMJ_022002004017_Bab-3-Metodologi-Penelitian.pdf	13
6.	2023_TA_SMJ_022002004017_Bab-4-Analisis-dan-Pembahasan.pdf	15
7.	2023_TA_SMJ_022002004017_Bab-5-Kesimpulan.pdf	5
8.	2023_TA_SMJ_022002004017_Daftar-Pustaka.pdf	6
9.	2023_TA_SMJ_022002004017_Lampiran.pdf	15

Abstrak
Abstract

P Penelitian ini bertujuan untuk mengetahui variabel spesifik yang berpengaruh terhadap struktur modal.Sampel penelitian ini sebanyak 23 perusahaan properti dan real estate yang terdaftar di Bursa Efek Indonesia tahun 2017-2022. Teknik pengambilan sampel menggunakan purposive sampling dan metode analisa menggunakan regresi data panel. Variabel independen penelitian ini adalah profitability, liquidity, growth, non-debt tax shield, tangibility, firm size & firm age.Hasil penelitian menyatakan bahwa liquidity,tangibility dan firm size berpengaruh negatif sedangkan non-debt tax shield dan firm age berpengaruh positif terhadap capital structure.Profitability dan growth ditemukan tidak memiliki pengaruh terhadap struktur modal. Implikasi penelitian bagi manajer yaitu perusahaan properti dan real diharapkan meningkatkan liquidity dan tangibility serta menurunkan akumulasi non-debt tax shield untuk mengurangi utang pada capital structure. Penelitian selanjutnya dapat menambahkan variabel earning volatility dan effective tax rate serta menambahkan perusahaan properti dan real estate yang tercatat pada papan pengembang Bursa Efek Indonesia sebagai sampel.

T This study aims to determine the specific variables that affect the capital structure. This research use 23 property and real estate companies listed on the Indonesia Stock Exchange in 2017-2022 as sample. The sampling technique uses purposive sampling and the analysis method uses panel data regression. The independent variables of this study are profitability, liquidity, growth, non-debt tax shield, tangibility, firm size & firm age. The results of the study state that liquidity, tangibility and firm size have a negative effect while the non-debt tax shield and firm age have a positive effect on capital structure. Profitability and growth were found to have no effect on capital structure. The research implications for managers are that property and real estate companies are expected to increase liquidity and tangibility and reduce the accumulation of non-debt tax shields to reduce debt in the capital structure. For further research can add earnings volatility dan effective tax rate as variables and add property and real estate companies listed on the developer board of the Indonesia Stock Exchange as samples