EFFECT OF BUSINESS RISK, COMPANY SIZE, SALES GROWTH, AND TOTAL ASET TURNOVER AGAINST DEBT TO EQUITY RATIO
Study of Pharmaceutical Sub-Sector Companies Listed on the Indonesia Stock Exchange 2014-2021 Period
DOI:
https://doi.org/10.56956/jai.v2i01.199Keywords:
Business Risk, Company Size, Sales Growth, Total Asset Turnover, Debt to Equity RatioAbstract
The purpose of this study is to determine the effect of business risk, company size, and sales growth Total Asset Turnover Against Debt to Equity Ratio. The method used in this research is a quantitative method with a descriptive and verification approach. The data analysis technique used in this study is the classical assumption, multiple linear regression test, person correlation coefficient test (product moment), test the coefficient of determination (R2), and hypothesis testing both partially (t test) and simultaneously (f test) using the help of the SPSS version 25 program. Based on the research results show that in testing the hypothesis (t test) the results are: (1) Business Risk (DOL) has a significant effect on Debt to Equity Ratio. (2) Company size has no significant effect on Debt to Equity Ratio. (3) Company growth has a significant effect on Debt to Equity Ratio. (4) Total Asset Turn Over has a significant effect on Debt to Equity Ratio. (5) Business Risk, Company Size, Sales Growth, and Total Asset Turn Over provide a simultaneous (together) effect on Debt to Equity Ratio.(6)
References
Afandi, P. (2018). Manajemen Sumber Daya Manusia (Teori, Konsep dan Indikator). Riau: Zanafa Publishing.
Brighman, E. F., & Houston, J. F. (2019). Teori-teori Dasar-dasar Manajemen Keuangan Edisi Empat Belas Buku Dua. Jakarta: Salemba Empat.
Fahmi, I. (2017). Analisa Lapora Keuangan. Bandung : Alfabeta.
Fahmi, I. (2018). Pengantar Manajemen Keuangan. Bandung: Alfabeta.
Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IMB SPSS 25. Semarang: Badan Penerbit Universitas Dipenogoro.
Gitman, L. J., & Zutler, C. J. (2015). Principles of Managerial Finance Fourteen Edition. Global Edition: Person Education Limited.
Halim, a., & Hanafi, M. M. (2016). Analisa Laporan Keuangan (Edisi Lima ed.). Yogyakarta: UPP STIM YKPN.
Harapan, S. S. (2016). Analisis Kritis Atas Laporan Keuangan. Jakarta: Rajawali Pers.
Hery. (2018). Analisis Laporan Keuangan: Integrated and Comprehensive Edition Cetakan Ketiga. Jakarta: PT. Grasindo.
Jogiyanto. (2017). Teori Portofolio dan Analisis Investasi Edisi Kedelapan. Yogyakarta: BPFE.
Kasmir. (2019). Analisis Laporan Keuangan Edisi Pertama Cetakan Keduabelas. Jakarta: PT. Raja Grafindo Persada.
Kasmir. (2019). Pengantar Manajemen Keuangan Edisi Kedua Cetakan Ketujuh. Jakarta: KENCANA.
Ridwan, R. (2023). Pengaruh Return on Assets, Effective Tax Rate, dan Gross Size Perusahaan terhadap Transfer Pricing pada Perusahaan Makanan dan Minuman yang tercatat di Bursa Efek Indonesia. Jurnal Ekonomi Dan Manajemen Indonesia, 3(2), 337–343. https://doi.org/10.35313/ijem.v3i2.4791
Robert. (2019). Studi Kasus Desain & Motode. Jakarta: Raja Grafindo Persada.
Rosmawati, D., & Ginting, W. (2022). Pengaruh Effective Tax Rate, Bonus Mechanism, Debt To Equity Ratio, Dan Exchange Rate Terhadap Keputusan Transfer Pricing : Studi pada perusahaan sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia periode 2011 - 2018. Acman: Jurnal Akuntansi Dan Manajemen, 2(1), 51–65. https://doi.org/10.55208/aj.v2i1.32
Rozarie, C., & Indonesia, J. (2017). Manajemen Sumber Daya Manusia. Jakarta: Negara Kesatuan Republik Indonesia.
Soesono, S. A. (2019). Manajemen Risiko Bisnis, Krisis, dan Bencana untuk Industri Pariwisata. Jakarta: Gamedia Umum.
Sudaryono. (2018). Metodologi Penelitian. Depok: PT. Raja Grafindo Persada.
Sugiyono. (2019). Statistika Untuk Penelitian. Bandung: Alfabeta.
Sugiyono. (2020). Metode Penelitian Kuantitatif, Kualitatif, dan R&D Cetakan Ke 2. Bandung: ALFABETA.
Sujarweni, V. W. (2017). Analisis laporan keuangan teori, aplikasi, dan. Yogyakarta: Pustaka Baru.
Suliyanto. (2018). Metode Penelitian Bisnis untuk Spasi, Tesis, & Disertasi. Yogyakarta: Andi Offset.
Suwardi. (2015). Hukum Dagang : Suatu Pengantar. Yogyakarta: Deepublish.
