STRUKTUR MODAL DAN PROFITABILITAS PERUSAHAAN ANGGOTA HOLDING PT PUPUK INDONESIA (PERSERO)

  • Rahmat Setiawan Fakultas Ekonomi dan Bisnis, Universitas Airlangga
  • Koko Sudiro Fakultas Ekonomi dan Bisnis, Universitas Airlangga

Abstract

This research aims to investigate the effect of capital structure on profitability of the firms included in holding company PT Pupuk Indonesia (Persero). Capital structure is measured by 3 proxies, including Debt to Assets Ratio (DAR), Short-term Loan to Total Assets, and Long-term Loan to Total Assets. Profitability is measured by Return on Assets (ROA). Data were obtained from financial reports quarterly during period 2011-2015. The research results show that both DAR and Short-term Loan to Total Assets have negative significant effects on profitability. Long-term Loan to Total Assets does not have a significant effect on profitability.

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Published
2019-07-10
How to Cite
SETIAWAN, Rahmat; SUDIRO, Koko. STRUKTUR MODAL DAN PROFITABILITAS PERUSAHAAN ANGGOTA HOLDING PT PUPUK INDONESIA (PERSERO). Jurnal Ekonomi dan Bisnis, [S.l.], v. 23, n. 1, p. 37-46, july 2019. ISSN 2655-8858. Available at: <http://journal.ubaya.ac.id/index.php/jeb/article/view/2010>. Date accessed: 23 feb. 2020. doi: https://doi.org/10.24123/jeb.v23i1.2010.