PENGARUH STRUKTUR MODAL TERHADAP PROFITABILITAS PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR FOOD AND BEVERAGES YANG TERDAFTAR DI BEI

Abstract

This research aims to determine the influence of capital structure that proxied with longterm debt to assets ratio and longterm debt to equity ratio to profitability proxied with return on equity. Population in this research is manufacturing company sub sector of fo.od and beverages which is listed in Indonesia Stock Exchange in the year of 2012-2016. Sampling technique using saturated sampling method with sample amounted to 11 companies. The type of data used is secondary data using financial statement data. Data analysis technique used is multiple linear regression equation. Based on the results of classic assumption test through normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test stated that all the variables used meet the requirements that have been determined. While the model feasibility test conducted through simultaneous test and simultaneous coefficient of determination obtained the result that the regression model in this research is feasible for further use. Based on the result of hypothesis testing, it is stated that capital structure proxied with longterm debt to assets ratio have a significant and positive influence on profitability proxied with return on equity. While the longterm debt to equity ratio has a significant and negative influence on profitability proxied with return on equity.
Keywords: Long term debt to assets ratio, long term debt to equity ratio and return on equity.