Faktor Internal Penentu Laju Pertumbuhan Modal Sendiri pada Perusahaan Rokok Go Public di Bursa Efek Indonesia

Authors

  • Wahyu Wiyani University of Merdeka Malang
  • Eko Yuni Prihantono University of Merdeka Malang
  • Roos Widjajani University of Merdeka Malang
  • Harril Brimantyo University of Merdeka Malang

DOI:

https://doi.org/10.26905/jbm.v7i2.5081

Keywords:

basic earning power, capital growth rate, debt to equity ratio, interest and tax rate, plowback ratio

Abstract

This study aims to analyze the effect of the basic earning power, debt to equity ratio, plowback ratio, and interest and tax rate on the growth rate of equiy in cigarette companies that go public on the Indonesia Stock Exchange in 2013-2018. Data analysis technique used is multiple linear regression. The results showed that the four variables had a simultaneously significant effect on the growth rate of equity, while only Basic Earning Power had no significant effect partially. Because the calculation of basic earning power uses Earning Before Interest and Tax where Earning Before Interest and Tax is the profit that has not been taxed, which in fact tax for cigarette companies is a large expense. In addition, equity growth itself is largely determined by the amount of Earning After Tax compared to Earning Before Interest and Tax. The higher the Earning After Tax, the greater the opportunity for equity growth.

 

Author Biography

Wahyu Wiyani, University of Merdeka Malang

Pengaruh nilai tukar Rupiah, tingkat suku bunga deposito dan volume perdagangan saham terhadap harga saham W Wiyani, A Wijayanto Jurnal Keuangan dan Perbankan 9 (3), 884-903 29 2005 Pengaruh Kualitas Produk dan Brand Image Terhadap Keputusan Pembelian S Supriyadi, W Wiyani, GIK Nugraha Jurnal bisnis dan manajemen 4 (1) 6 2017 PENGARUH KUALITAS PELAYANAN TERHADAP KEPUASAN DAN LOYALITAS MAHASISWA (Studi pada Mahasiswa Strata I Fakultas Ilmu Sosial dan Ilmu PolitikUniversitas Merdeka Malang) S Fikri, W Wiyani, A Suwandaru Jurnal bisnis dan manajemen 3 (1) 5 2016 Meningkatkan Nilai Perusahaan Melalui Investasi Teknologi Informasi W Wiyani Jurnal Keuangan dan Perbankan 12 (2), 240-252 1 2008 PROGRAM KEMITRAAN MASYARAKAT WORKSHOP ENTREPRENEURSHIP MENUJU KEMANDIRIAN SISWA PONDOK PESANTREN AL-HAYATUL ISLAMIYAH DAN AL AZHAR KELURAHAN KEDUNGKANDANG KECAMATAN … W Wiyani, B Siswanto, DA Mochtar Jurnal Pengabdian Kepada Masyarakat 3 (2) 2018 PELATIHAN PEMBUATAN BUSINESS PLAN MENGANTAR POSDAYA MERGOSINGO DAN POSDAYA TAMAN RAJUT MENDAPATKAN PINJAMAN BUNGA RENDAH DAN TANPA AGUNAN DARI YAYASAN DAMANDIRI GUNA … W Wiyani, A Suprapto, B Triatmanto Jurnal Pengabdian Kepada Masyarakat 2 (2) 2018 ANALISIS KINERJA KEUANGAN PERUSAHAAN ROKOK MD Adur, W Wiyani, AM Ratri Jurnal Bisnis dan Manajemen 5 (2) 2018 MEMANDIRIKAN SISWA AL AZHAR DALAM BERBISNIS DENGAN KETRAMPILAN BOGA W Wiyani, B Siswanto, DA Mochtar Jurnal Pengabdian Kepada Masyarakat 2 (1) 2017 SENTRA KULAKAN SOLUSI PERMASALAHAN UMKM DAN MASYARAKAT MISKIN W Wiyani, B Triatmanto Jurnal Pengabdian Kepada Masyarakat 1 (1) 2017 Building SME Competitiveness Advantage in ASEAN Economic Community Era EYPW Wiyani Journal of Economics and Sustainable Development 8 (4), 84-89 2017 Financing for the Poor: Between Formal and Informal Financial Institutions WWEY Prihantono Journal of Economics and Sustainable Development 7 (7.6.2016), 59-64 2016 Local Wisdom in Governance Natural Resources Management WWEY Prihantono Journal of Economics and Sustainable Development 7 (vol 7 No 22), 112-117 2016 Pengelolaan Bank Sampah APE PAUD dari Black Gold untuk Pendidikan Anak Usia Dini W Wiyani, A Poerwanto, S Endang Jurnal ABM Mengabdi 2 2015 Institutional Transformation and Its Impact on Sustainable Community Development Program W Wiyani, EY Prihantono

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Published

2020-11-30

Issue

Vol. 7 No. 2 (2020): Jurnal Bisnis dan Manajemen Volume 7 Nomor 2 Tahun 2020

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