PENGARUH OPERATING LEVERAGE DAN FINANCIAL LEVERAGE TERHADAP PROFITABILITAS PADA PERUSAHAAN TELEKOMUNIKASI

Abstract

This research is meant to find out the influence of Operating Leverage and Financial Leverage
partially and the variable which has dominant influence to the profitability. The data uses the
secondary data, which has been obtained from the IDX corner at STIESIA which is a financial
statement in 2010-2014 periods. The samples of this research are all companies in telecommunication
sector which are listed in Indonesia Stock Exchange. This research applies the multiple linear
regressions analysis by using the instrument program of SPSS. The result of this analysis shows that
the coefficient determination is in accordance with is 52.9%. Operating Leverage, partially has
positive influence to the profitability on the telecommunication companies, it has been proven with the
result of t test which shows that the significance level is smaller than 0.05 which is 0.013. Financial
Leverage partially has negative influence to the profitability on the telecommunication companies, it
has been proven with the t test which shows that the significance level is smaller than 0.05 which is
0.002. The value of Standarized Coefficients Beta FL is 0.558 which larger than the OL which is 0.434.
Therefore, the FL, partially, (individual) has dominant influence to the profitability.

Keywords: Operating leverage, Financial Leverage, Profitability.