%A  DEWI KARTIKA  0916051067
%J Digital Library
%T THE INFLUENCES OF PROFITABILITY, CORPORATION SIZE AND CORPORATION GROWTH TO LEVERAGE:
A TRADE OFF THEORY APPROACH STUDY IN
REAL ESTATE AND PROPERTY CORPORATIONS
LISTED IN INDONESIA STOCK EXCHANGE
IN 2007-2010
%X 





ABSTRACT

THE INFLUENCES OF PROFITABILITY, CORPORATION SIZE AND CORPORATION GROWTH TO LEVERAGE:
A TRADE OFF THEORY APPROACH STUDY IN
REAL ESTATE AND PROPERTY CORPORATIONS
LISTED IN INDONESIA STOCK EXCHANGE
IN 2007-2010


By

DEWI KARTIKA 



The objective of this research is to test the influence of profitability (ROE), corporation size (size), and corporation selling growth (growth) to leverage (debt ratio); a trade off theory approach to Real Estate and Property corporations listed in Indonesia Stock Exchange. Study sample consisted of 13 Real Estate and Properti corporations listed in Indonesia Stock Exchange in 2007-2010. Sample selected using purposive sampling. Hypothesis is tested using double linear regression model with data panel approach.

The results showed that the profitability (ROE) variable influenced significantly the leverage, while corporation size (size) and corporation selling growth (growth) did not influence significantly the leverage. Simultaneously there were significant influences of profitability (ROE), corporation size (size), and corporation selling growth (growth) to leverage (debt ratio). And approaches Trade Off Theory is not proven in this study but Pecking Order Theory.


Keywords: Profitability (ROE), Corporation Size (Size), Corporation Selling Growth (Growth), Leverage, Trade Off Theory, and Data Panel
 











ABSTRAK

PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN DAN PERTUMBUHAN PERUSAHAAN TERHADAP LEVERAGE: PENDEKATAN TRADE OFF THEORY STUDI PADA
PERUSAHAAN REAL ESTATE AND PROPERTY
YANG TERDAFTAR DI BURSA EFEK INDONESIA
PERIODE 2007-2010



Oleh


DEWI KARTIKA



Penelitian ini bertujuan untuk menguji pengaruh profitabilitas (ROE), ukuran perusahaan (size), dan pertumbuhan penjualan perusahaan (growth) terhadap leverage (debt ratio) pendekatan pada trade off theory pada perusahaan real estate and property yang terdaftar di Bursa Efek Indonesia. Sampel penelitian terdiri dari 13 perusahaan real estate and property yang terdaftar pada Bursa Efek Indonesia (BEI) periode 2007-2010. Sampel dipilih dengan menggunakan purposive sampling. Pengujian hipotesis menggunakan model regresi linear berganda dengan pendekatan data panel.

Hasil penelitian menunjukkan bahwa variabel profitabilitas (ROE) berpengaruh signifikan terhadap leverage dan variabel ukuran perusahaan (size), dan pertumbuhan penjualan perusahaan (growth) berpengaruh tidak signifikan terhadap leverage. Secara Simultan terdapat pengaruh yang signifikan antara profitabilitas (ROE), ukuran perusahaan (size), dan pertumbuhan penjualan perusahaan (growth) terhadap leverage (debt ratio). Dan pendekatan Trade Off Theory pada penelitian ini tidak terbukti melainkan Pecking Order Theory.

Kata Kunci:		Profitabilitas (ROE), Ukuran Perusahaan (size), Pertumbuhan Penjualan Perusahaan (growth), Leverage, Trade Off Theory, Data Panel





%D 2012
%L eprints13076