UTANG DAN PENGARUHNYA TERHADAP KINERJA PERUSAHAAN

Sri Isworo Ediningsih, Nilmawati Nilmawati, Joko Sukendro

Abstract


The purpose of this paper was to investigate the influence of debt on profitability of firms listed on Indonesian Stock Exchange. Multiple regression analysis was used in the study in estimating the relationship between debt and firm performance. This study also used three of accounting-based measures and one of market-based measure of financial performance i.e. return on equity (ROE), return on assets (ROA),  gross profit margin (GPM), and Tobin’s Q). Based on a sample of non-financial Indonesian firms listed from 2006 to 2010 the results revealed that debt had a negative impact on firm’s performance. The result showed that industry of Hotel and Travel, and Construction was susceptible to use debt.


Keywords


debt, firm age, firm size, growth, leverage, profitability

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DOI: https://doi.org/10.26905/jkdp.v18i1.772

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Jurnal Keuangan dan Perbankan (Journal of Finance and Banking)

Diploma Program of Banking and Finance, Faculty of Economics and Business, University of Merdeka Malang

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