Titiek, Suwarti and Bambang, Sudiyatno Determinants of Leverage in Manufacturing Companies: An Empirical Study in Indonesia. International Journal of Multidisciplinary Research and Analysis (IJMRA) Vol. 10 Issue 10.
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Abstract
This study aims to examine the determinants of leverage in manufacturing companies listed on the Indonesia Stock Exchange. The investigation was carried out using panel data on manufacturing companies listed on the Indonesia Stock Exchange for the 2019-2021 period. The leverage variable in this study uses the debt-to-equity ratio (DER) as the dependent variable. The independent variable is profitability as measured by return on assets (ROA), liquidity is measured by the current ratio (CR) and operating assets is measured by operating assets turnover (OATO), while company size as a control variable is measured by the natural log of total assets. The data collection method used purposive sampling method to select data that met certain criteria according to research needs. Panel data analysis using eviews software with multiple regression analysis model. The results of the analysis show that liquidity and operating assets have a negative effect on leverage, while return on assets and firm size have no effect, so firm size does not act as a controlling variable
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Faculty / Institution: | Fakultas Ekonomika dan Bisnis |
| Depositing User: | Fakultas Ekonomi |
| Date Deposited: | 12 Dec 2022 06:57 |
| Last Modified: | 12 Dec 2022 06:57 |
| URI: | https://eprints.unisbank.ac.id/id/eprint/8996 |
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