Pengaruh Struktur Modal terhadap Profitabilitas Emiten Indeks Saham Syariah Indonesia

Prasojo Prasojo ()
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Prasojo Prasojo: Universitas Islam Negeri Sunan Kalijaga Yogyakarta

EkBis: Jurnal Ekonomi dan Bisnis, 2018, vol. 2, issue 1, 39-51

Abstract: This study aims to examine the capital structure for the profitability of companies into the category of the Indonesian Syariah Stock Index (ISSI). This study uses a sample of 149 companies from 2011 to 2016 which are consistently included in the ISSI list. Return on Assets (ROA), Return on Equity (ROE) as the dependent variable. While Debt to Equity Ratio (DER), Short Term Debt (STD) and Long Term Debt (LTD). Statistical testing using panel data regression with the ramdom fixed effect method. The results of the study are the capital structure that is processed with DAR variable has a significant negative effect on the profitability of the company by measuring ROA and ROE, while the capital structure proxied by STD has a significant positive effect on the profitability of the company by measuring ROA and ROE

Keywords: Capital Structure; Profitability; Indonesian Sharia Stock Index (ISSI); Agency Theory (search for similar items in EconPapers)
JEL-codes: D22 E44 F21 F37 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ekbisj:1098

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