PENGARUH DEBT TO EQUITY RATIO (DER) DAN DEBT TO ASSET RATIO (DAR) TERHADAP KINERJA PERUSAHAAN DI SEKTOR KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

  • Azzalia Feronicha Wianta Efendi
  • Seto Sulaksono Adi Wibowo

Abstract

Comparison between self-capital and foreign capital structured in capital structure into an
instrument used by companies to plan and take debt usage policies in maximizing  profits and stock prices
company.  Banking  in  conducting  its  operational  activities  must  have  a  large  enough  capital  and  well
structured,  in  order  to  avoid  the  financial  problems. To  attract  investors,  banks  are  urged  to  improve
their  performance  that  can  be  assessed  from  bank  financial  statements  in  providing  information  to
investors. This study aims to determine the partial influence of capital structure proxyed with leverage
ratios those are Debt to Equity Ratio (DER) and Debt to Asset Ratio (DAR) to company performance seen
from its profitability with Return on Asset (ROA) and Return on Equity (ROE) of banking companies for 3
years. This study used a sample of 30 banks for 3 years from 2013-2015 by using panel data regression
analysis.  The  results  showed  partially  DER  variables  affect  the  ROA  and  ROE,  and  partially  DAR
variables  affect  the  ROA  and  no  effect  on  ROE.  This  study  is  limited  to  a  banking  company  only  and
within  3  years,  it  should  be  able  to  use  other  corporate  sectors  and  longer  periods  of  time.  Further
research is expected to add research variables, corporate sectors, samples and add to the study period.
Keywords:  Capital Structure, Banking, Corporate Performance, Leverage, Debt to Equity Ratio (DER),
Debt to Asset Ratio (DAR), Return on Assets (ROA), Return on Equity (ROE)

Published
2017-09-29
How to Cite
WIANTA EFENDI, Azzalia Feronicha; ADI WIBOWO, Seto Sulaksono. PENGARUH DEBT TO EQUITY RATIO (DER) DAN DEBT TO ASSET RATIO (DAR) TERHADAP KINERJA PERUSAHAAN DI SEKTOR KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA. JOURNAL OF APPLIED MANAGERIAL ACCOUNTING, [S.l.], v. 1, n. 1, p. 89-95, sep. 2017. ISSN 2548-9917. Available at: <http://jurnal.polibatam.ac.id/index.php/JAMA/article/view/503>. Date accessed: 24 feb. 2018.