Pengaruh Financial Leverage Terhadap Profitabilitas Perusahaan (Studi Pada Perusahaan Manufaktur Sektor Aneka Industri Sub Sektor Otomotif Dan Komponen Yang Terdaftar Di Bei Periode 2012-2014)

Fieka Kurnia Avistasari • Topowijono Topowijono • Zahroh Za
Journal article Jurnal Administrasi Bisnis S1 Universitas Brawijaya • March 2016 Indonesia

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(Bahasa Indonesia, 8 pages)

Abstract

Research was conducted to determine the ability of company to obtain a high profitability by using debt. Research has been done at manufacturing companies various industry sectors automotives and components sub-sectors listed in Indonesia Stock Exchange period 2012-2014. The method used is an explanatory research with quantitative methods. The sampling technique used purposive sampling of the 17 companies listed in Indonesia Stock Exchange acquired 12 companies sampled. This research was used three independent variables and one dependent variable. Independent variable used are Degree of Financial Leverage (DFL), Debt to Equity Ratio (DER), and Time Interest Earned Ratio (TIER). Dependent variable used Return on Equity (ROE). Data analysis used descriptive statistic analysis, inferential statistic analysis, hypothesis test, and determinant coefficient with software IBM Statistic ver.23 for Windows. Based on the simultaneous testing (F-test) found that the financial leverage variable DFL, DER, and TIER has significant effect on profitability variable of ROE. Partially using t-test showed that only variable DER has significant effect of ROE. The result were adjusted determinant coefficient of 0,632 means that variable DFL, DER, and TIER able to influence ROE of 63,2%, while the remaining 36,8% is explained by other variables outside the research. Companies that used debt should be more cautions and effective in order to increase ROE. Keyword : Financial Leverage, Degree of Financial Leverage (DFL), Debt to Equity Ratio (DER), Time Interest Earned Ratio (TIER), Return on Equity (ROE)

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