Variabel Fundamental yang Mempengaruhi Struktur Keuangan dan Implikasinya terhadap Rentabilitas Ekonomi

Wiwiek Kusumaning  Asmoro; Novie Astuti  Setianingsih; Eti  Putranti

doi:10.33395/owner.v5i2.514

Authors

Wiwiek Kusumaning Asmoro Politeknik Negeri Malang PSDKU Kediri
Novie Astuti Setianingsih Politeknik Negeri Malang PSDKU Kediri
Eti Putranti Politeknik Negeri Malang PSDKU Kediri

DOI:

10.33395/owner.v5i2.514

Keywords:

Fundamental Variables, Financial Structure, Economic Rentability.

Abstract

Fundamental variables in this research are shown in the level of sales growth, asset structure, company size and retained earnings. The purpose of this study was to determine the effect of sales growth rate, asset structure, firm size and retained earnings on financial structure. In addition, the purpose of this study is to examine how these variables affect economic rentability. The population in this study is the Food and Beverage Industry Sub-sector listed on the Indonesia Stock Exchange for the 2016-2020 period as many as 15 companies. The sampling technique is using purposive sampling which is a technique in sampling with certain considerations. The sampling technique is carried out proportionally sampling with the type of Judgment Sampling. Data collection technique used is documentation technique with polling data type. The number of samples in this study were 11 companies, the data used in the form of financial statements of the Food and Beverage Industry Subsector obtained from the Indonesia Stock Exchange. The results showed that sales growth and retained earnings had a positive effect on financial structure, while asset structure and firm size had a negative effect. The results of research on economic rentability, sales growth variables and retained earnings also have a positive effect, while asset structure and firm size have a negative effect. So the findings of this study can be concluded that the growth rate of sales, retained earnings can improve the financial structure and economic rentability of the company.

Downloads

Download data is not yet available.

Plum-X Analityc

References

Ahmad, G. N., & Wardani, V. K. (2014). The Effect of Fundamental Factor To Dividend Policy: Evidence in Indonesia Stock Exchange. International Journal of Business and Commerce, 4(2), 14–25.

Antikasari, L. D., Fajri, R. N., & Dewi, R. R. (2020). Determinan Kinerja Keuangan Yang Ditinjau Dari Good Corporate Governance, Leverage dan Ukuran Perusahaan (Sub. Sector Perusahaan BUMN yang Terdaftar Di BEI tahun 2013-2018). Owner (Riset Dan Jurnal Akuntansi), 4(2), 336. https://doi.org/10.33395/owner.v4i2.208

Astuti, N. (2015). Pengaruh Struktur Asset, Pertumbuhan Penjualan, Ukuran Perusahaan,Profitabilitas, Resiko Bisnis, Deviden dan Degree of Operating Leverage Terhadap Struktur Keuangan. Media Bisnis, 7(1), 1–7.

Atidhira, A. T., & Yustina, A. I. (2017). The Influence of Return on Asset, Debt to Equity Ratio, Earnings per Share, and Company Size on Share Return in Property and Real Estate Companies. JAAF (Journal of Applied Accounting and Finance), 1(2), 128–146. http://e-journal.president.ac.id/presunivojs/index.php/JAAF/article/download/363/207

Dinata, P. A. P. S., Sinarwati, N. K., & Purnamawati, I. G. A. (2015). Analisis Pengaruh Pemberian Kredit, Kredit Bermasalah, Perputaran Kas, Volume Penjualan, Profit Margin Dan Struktur Finansial Terhadap Rentabilitas Ekonomi Pada Lembaga Perkreditan Desa (Lpd) Di Kecamatan Tejakula Periode 2010-2013. E-Journal S1 Ak Universitas Pendidikan Ganesha, 3(1).

Francis, B., & Boboye, L. (2020). Financial Structure and Financial Performance of Listed Multinational Oil Companies. Journal of Management Sciences, 1(1), 135–146.

Halim, E., Efni, Y., & Sari, M. (2015). Analisis Pengaruh Kebijakan Pendanaan Dan Laba Ditahan Terhadap Nilai Perusahaan Dengan Set Kesempatan Investasi Sebagai Variabel Mediasi (Studi Pada Perusahaan Lq-45 Yang Terdaftar Di Bei Periode 2009-2013). Jurnal Online Mahasiswa Fakultas Ekonomi Universitas Riau, 2(1), 33739.

Ilham, nurhayati. (2021). Analisis modal kerja terhadap rentabilitas ekonomi Analysis of working capital on economic profitability. 18(2), 178–183.

Jogiyanto, H. (2010). Teori Portofolio dan Analisis Investasi (Ketujuh (ed.)). BPFE Yogyakarta.

Kartika, A. (2016). Pengaruh profitabilitas, struktur aset, pertumbuhan penjualan dan ukuran perusahaan terhadap struktur modal perusahaan manufaktur di Bursa Efek Indonesia. Jurnal Infokam, 1(1), 49–58. http://amikjtc.com/jurnal/index.php/jurnal/article/view/99

Kasmir, K. (2015). Analisis Laporan Keuangan (Edisi Pert). Rajawali Pers. Jakarta.

Maskat, F. M. (2018). Pengaruh Variabel Fundamental Terhadap Harga Saham Perusahaan Go Public di Bursa Efek Indonesia. Jurnal Ilmu Dan Riset Akuntansi, Volume 7,. http://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/view/94/92

Purbandari, T., & Immanuela, I. (2018). Analisis Faktor Fundamental Terhadap Manajemen Laba Pada Perusahaan Yang Listed Di Bursa Efek Indonesia. Jurnal AKSI (Akuntansi Dan Sistem Informasi), 2(1), 56–63. https://doi.org/10.32486/aksi.v2i1.217

Safiuddin, M., Mohhedul-Islam, M., & Anisuzzaman, M. (2015). Impact of financial structure on firm ’ s performance?: A study on financial and nonfinancial sector in Bangladash. European Journal of Business and Management, 7(3), 30–39. www.iiste.org

Sagara, Y., Asmoro, W. K., Kembauw, E., & Salikhovich, N. (2021). The Strategic Role of MSME Challenges in the Covid-19 Situation. Annals of the Romanian Society for Cell Biology Journal, 25(4), 4833–4843. https://www.annalsofrscb.ro/index.php/journal/article/view/3038

Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung Alfabeta CV.

Sujarweni, W. (2015). Metodologi Penelitian Bisnis Ekonomi. yogyakarta Pustaka Baru.

Sulindawati, D. (2018). Manajemen Keuangan Sebagai Dasar Pengambilan Keputusan Bisnis (Cetakan Ke). Rajawali Pers. Jakarta.

Sutrisno, S. (2017). Manajemen Keuangan Teori Konsep dan Aplikasi (Edisi Revi). Jakarta. Ekonesia.

Trang, I., Murni, S., & Pantow, M. S. (2015). Analisa Pertumbuhan Penjualan, Ukuran Perusahaan, Return on Asset, Dan Struktur Modal Terhadap Nilai Perusahaan Yang Tercatat Di Indeks Lq 45. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 3(1), 961–971. https://doi.org/10.35794/emba.v3i1.7801

Zlatevski, L. (2019). ECONOMY AND RENTABILITY OF MODERN COMPANIES. KNOWLEDGE – International Journal, 30, 121–124.