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Pengaruh Struktur Modal terhadap Profitabilitas Emiten Indeks Saham Syariah Indonesia

Author

Listed:
  • Prasojo, Prasojo

    (Universitas Islam Negeri Sunan Kalijaga Yogyakarta)

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

Suggested Citation

  • Prasojo, Prasojo, 2018. "Pengaruh Struktur Modal terhadap Profitabilitas Emiten Indeks Saham Syariah Indonesia," EkBis: Jurnal Ekonomi dan Bisnis, UIN Sunan Kalijaga Yogyakarta, vol. 2(1), pages 39-51, April.
    • Handle: RePEc:ris:ekbisj:1098
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    More about this item

    Keywords

    Capital Structure; Profitability; Indonesian Sharia Stock Index (ISSI); Agency Theory;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications

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