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STRUKTUR MODAL DAN PROFITABILITAS PERUSAHAAN ANGGOTA HOLDING PT PUPUK INDONESIA (PERSERO)
Author(s) -
Rahmat Setiawan,
Koko Sudiro
Publication year - 2019
Publication title -
ekonomi dan bisnis berkala publikasi gagasan konseptual hasil penelitian kajian dan terapan teori
Language(s) - English
Resource type - Journals
eISSN - 2655-8858
pISSN - 1410-9204
DOI - 10.24123/jeb.v23i1.2010
Subject(s) - profitability index , return on assets , working capital , loan , business , financial system , debt ratio , capital structure , term loan , fixed asset , capital adequacy ratio , finance , debt , non performing loan , economics , participation loan , production (economics) , incentive , microeconomics , macroeconomics
This research aims to investigate the effect of capital structure on profitability of the firms included in holding company PT Pupuk Indonesia (Persero). Capital structure is measured by 3 proxies, including Debt to Assets Ratio (DAR), Short-term Loan to Total Assets, and Long-term Loan to Total Assets. Profitability is measured by Return on Assets (ROA). Data were obtained from financial reports quarterly during period 2011-2015. The research results show that both DAR and Short-term Loan to Total Assets have negative significant effects on profitability. Long-term Loan to Total Assets does not have a significant effect on profitability.

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