Pengaruh Struktur Modal Terhadap Profitabilitas Perusahaan

Studi Kasus pada Sub Sektor Farmasi yang Terdaftar di Bursa Efek Indonesia

  • Predina Bastian Manajemen, Ekonomi dan Bisnis, Universitas Negeri Makassar
  • Burhanuddin Burhanuddin Manajemen, Ekonomi dan Bisnis, Universitas Negeri Makassar
  • Anwar Rauf Manajemen, Ekonomi dan Bisnis, Universitas Negeri Makassar
  • Agung Widhi Kurniawan Manajemen, Ekonomi dan Bisnis, Universitas Negeri Makassar
  • Nurman Nurman Manajemen, Ekonomi dan Bisnis, Universitas Negeri Makassar
DOI: https://doi.org/10.37278/eprofit.v6i1.799
Keywords: Capital Structure, Debt to Assets Ratio, Debt to Equity Ratio, Profitability, Net Profit Margin

Abstract

This study aims to examine the effect of capital structure on company profitability in the Pharmaceutical Sub-Sector listed on the Indonesia Stock Exchange for the Period 2018-2022. The indicators used to measure capital structure are Debt to Assets Ratio and Debt to Equity Ratio, while Profitability uses the Net Profit Margin Ratio. The research sample consisted of 10 Pharmaceutical Sub-Sector which were selected by purposive sampling. Data analysis was carried out by descriptive analysis and statistical analysis using multiple linear regression tests. The results showed that partially there was a negative and significant influence between capital structure variables with DAR and DER indicators on Profitability as measured by NPM. The t-test resulted in DAR tvalue of -4,348 and DER tvalue of -4,169 and the ttable value of 2,011 with each P-value of 0.000. Simultaneously, Capital Structure measured by DAR and DER has a significant influence on NPM, indicated by the Fvalue of 57.712 and Ftable of 4.04 and P-value of 0.000.

Published
2024-04-30
Issue
Vol 6 No 1 (2024): Economic Professional in Action (E-PROFIT)
Section
Articles

Copyright (c) 2024 Predina Bastian, Burhanuddin Burhanuddin, Anwar Rauf, Agung Widhi Kurniawan, Nurman Nurman

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