PENGARUH OPERATING DAN FINANCIAL LEVERAGE TERHADAP PROFITABILITAS PERUSAHAAN SEMEN LQ45 DI BEI

Abstract

The purpose of this research is to find out the influence of operating leverage and financial leverage to the profitability. The samples are cement companies which are included in the LQ45 in Indonesia Stock Exchange. The data is the financial statement from 2009 to 2013. The population is 3 cement companies which are included in the LQ45 in Indonesia Stock Exchange, and then 2 companies have been determined as samples based on the determined criteria. The Goodness of Fit test (Model Feasibility Test), Multiple Linear Regressions Analysis, Classic Assumption Test, and t test which is done by using the SPSS 22 version are used as the data analysis techniques. The result of this research which is based on the model feasibility test shows that the regression models which have been generated are feasible and these regression models can be used for further analysis. Based on the result of the hypothesis test, it shows that Operating Leverage and Financial Leverage have significant influence to the Profitability and the result of Partial Determination Coefficient test shows that the variable which has dominant influence to the profitability is Operating Leverage.
Keywords : Operating Leverage, Financial Leverage, Profitability, Cement Company of LQ45.