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Atmojo, Purwo, i Dwi Susilowati. "PENGARUH STRUKTUR MODAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN TEXTILE DAN GARMENT YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI)". Jurnal GeoEkonomi 10, nr 1 (31.03.2019): 74–85. http://dx.doi.org/10.36277/geoekonomi.v10i1.57.
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Penelitian ini bertujuan untuk mengetahui pengaruh Debt to Equity Ratio (DER), Return on Equtiy (ROE), dan Net Profit Margin (NPM) terhadap Nilai Perusahaan Textile dan Garment yang terdaftar di Bursa Efek Indonesia (BEI). Populasi yang digunakan adalah 17 perusahaan Textile dan Garment periode 2012-2016. Sampelnya adalah 5 perusahaan Textile dan Garment dengan menggunakan teknik purposive sampling. Metode yang digunakan adalah regresi linier berganda. Besarnya koefisien korelasi secara simultan menunjukkan bahwa ada hubungan yang sangat kuat antara debt to equity ratio, return on equtiy, dan net profit margin terhadap nilai perusahaan. Berdasarkan uji F bahwa debt to equity ratio, return on equity dan net profit margin secara simultan mempunyai pengaruh yang signifikan terhadap nilai perusahaan Textile dan Garment yang terdaftar di Bursa Efek Indonesia. Berdasarkan uji t bahwa debt to equity ratio, return on equtiy, dan net profit margin terhadap nilai perusahaan. Berdasarkan hasil pengujian hipotesis (Uji t) secara parsial return on equity berpengaruh positif signifikan terhadap nilai perusahaan dan debt to equity ratio dan net profit margin berpengaruh negatif signifikan terhadap nilai perusahaan Textile dan Garment.
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Mortimore, Michael. "Debt/equity conversion". CEPAL Review 1991, nr 44 (8.11.1991): 79–96. http://dx.doi.org/10.18356/49c72ba9-en.
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International Monetary Fund. "Debt/Equity Swaps". IMF Working Papers 88, nr 15 (1988): 1. http://dx.doi.org/10.5089/9781451923506.001.
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L.K., Fijabi, Owolabi S.A. i Ajibade A.T. "Equity and Debts on Financial Performance of Listed Consumer Goods Sector in Nigeria". African Journal of Social Sciences and Humanities Research 6, nr 2 (2.04.2023): 81–98. http://dx.doi.org/10.52589/ajsshr-xugyb0ul.
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The study examined the effect of equity and debts on the financial performance of the listed consumer goods sector in Nigeria for eleven years (2011 – 2021). Data from the published records of 16 listed companies in the consumer goods sector were used. The dependent variable was proxied by Market price per share (MPS) and return on assets (ROA) while equity and debts were proxied by equity-to-asset ratio, short-term debt-to-asset ratio, and long-term debt-to-asset ratio as independent variables. Data were analysed using descriptive and inferential statistics (panel regression with fixed effects) at α=0.05 level of significance. The results had a significant effect on equity and debt on MPS (Adj. R2 = 0.0708, p < 0.05) and ROA (Adj. R2 = 0.108, p < 0.05). The study concluded that equity and debts affected the financial performance of companies listed in the Nigerian consumer goods sector. The study recommended that managers of listed consumer goods companies should pay attention to funding management, especially equity funds and short-term debt to improve their profitability for sustainable growth.
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Liu, Chia-Ying, Shiu-Chen Huang i Shieh-Liang Chen. "The Effects of Agency Costs and Insiders’ Shareholdings on Financing Choices". Asian Journal of Finance & Accounting 8, nr 1 (16.04.2016): 127. http://dx.doi.org/10.5296/ajfa.v8i1.9288.
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<p><span style="font-size: medium;">This paper investigates the effects of debt agency cost and equity </span><span style="font-size: medium;">agency cost of current and prior periods on the financing choices of long-term debts, seasoned equity offering, and private equity financings. It also examines the effects of the shareholdings of insiders on the association between both debt and equity agency costs and the choice of financing methods. </span></p>The findings show that both prior and current debt agency costs are positively related to seasoned equity offerings of current period, and both prior and current debt agency costs are positively related to private equity financing of current period regardless of whether the models consider the factor of insiders’ shareholdings. As for equity agency cost, the document indicate that both current and prior equity agency costs are negatively related to current seasoned equity offerings, however, only prior equity agency costs are negatively related to current seasoned equity offerings under considering shareholdings of insiders. Moreover, the shareholdings of insiders would affect the positive association between the corporate debt agency cost and seasoned equity offerings and the positive association between the corporate equity agency cost and debt financing.
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Respatia, Wimba, i Fidiana Fidiana. "KEBIJAKAN RESTRUKTURISASI UTANG MELALUI DEBT TO EQUITY SWAP". EKUITAS (Jurnal Ekonomi dan Keuangan) 14, nr 1 (2.02.2017): 82. http://dx.doi.org/10.24034/j25485024.y2010.v14.i1.2118.
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This research aim to obtain the understanding about debt restructuring to improve the efficiency and its productivity. An essential difference between these and the usual swapping of debt into equity is that the former allow a wider range of aplications. The firm’s owner have the option of choosing the sequence of restructuring negotiation with the creditors. The firm can combine the existing models, which is certainly with the agreement of the creditor and investor. This research has studied the choice of debt restructuring model carried out by PT X which is caused by the fact that the companies have difficulty paying their debts. Data collecting methods were conducted through literature study and field research from financial report of PT X. The result of this research indicate that PT X should choose debt for equity swap by converting their debt for equity swap that which giving lower cost of capital. By choosing debt for equity swap enable to change the liability profile from one to the other type, to create a more optimal capital structure debt equity and equity debt in what is called recapitalisation. Decision of converting their debt for equity swap will cause PT X be a mojority shareholder and increase the ability to compete with other aluminium company.
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Novia, Jevika, i Meti Zuliyana. "Pengaruh Current Ratio, Debt to Equity Ratio dan Return on Equity Terhadap Harga Saham pada Perusahaan Pertambangan yang Terdaftar di Indonesia Stock Exchange (IDX) Tahun 2014-2017". Jurnal Ilmiah Ekonomi Global Masa Kini 9, nr 2 (22.01.2019): 135–44. http://dx.doi.org/10.36982/jiegmk.v9i2.558.
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AbstractThis research aims to determine: The influence of Current Ratio (CR), Debt to Equity Ratio (DER), and Return on Equity (ROE) either partially or simultaneously on Stock Price of mining companies listed on the Indonesia Stock Exchange (IDX) 2014-2017 period. Data were taken from the Indonesia Stock Exchange (IDX) website. Analysis prerequisite test including normality test, multicollinearity, heteroscedasticity, and autocorrelation. Data analysis technique used is multiple linear regression analysis. The results showed that: coefficient of determination (R square) is 0.204. From these values can be interpreted that the influence of current ratio (X1), debt to equity ratio (X2), and return on equity (X3) to the stock price (Y) is 20.4%. While the remaining 79.6% is influenced by other factors not examined in this research. Statistical results also show that the current ratio (X1) partially has a positive and significant effect on stock prices (Y). Debt to equity ratio (X2), and return on equity (X3) partially do not have a significant effect on stock prices (Y). Simultaneously current ratio (X1), debt to equity ratio (X2), and return on equity (X3) have a positive and significant effect on stock prices (Y). This can be proven through F-Test statistics, where the value of F.sig is 0.005 smaller than the significant level of 5% (α = 0.05) then Ha is accepted and H0 is rejected.Keyword : current ratio, debt to equity ratio, return on equity, and stock price AbstrakPenelitian ini bertujuan untuk mengetahui : Pengaruh Current Ratio (CR), Debt to Equity Ratio (DER), dan Return on Equity (ROE) baik secara parsial maupun simultan terhadap Harga Saham perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2014-2017. Data penelitian diambil dari website Bursa Efek Indonesia (BEI). Uji prasyarat analisis meliputi uji normalitas, multikolinearitas, heteroskedastisitas, dan autokorelasi. Teknik analisis data yang digunakan adalah analisis regresi linier berganda. Hasil penelitian ini menunjukkan bahwa nilai koefisien determinasi (R square) sebesar 0,204. Dari Nilai tersebut dapat dilakukan penafsiran bahwa pengaruh current ratio(X1), debt to equity ratio (X2), dan return on equity (X 3) terhadap harga saham (Y) sebesar 20,4%. Sedangkan sisanya sebesar 79,6% dipengaruhi oleh faktor-faktor lain yang tidak diteliti dalam penelitian ini. Dari hasil statistik juga menunjukkan bahwa current ratio (X1) secara parsial berpengaruh positif dan signifikan terhadap harga saham (Y). Debt to equity ratio (X2), dan return on equity (X3) secara parsial tidak memiliki pengaruh yang signifikan terhadap harga saham (Y). Secara simultan current ratio(X1), debt to equity ratio (X2), dan return on equity (X3) mempunyai pengaruh positif dan signifikan terhadap harga saham (Y). Hal ini dapat dibuktikan melalui statistik Uji-F, dimana nilai  F.sig sebesar 0,005 lebih kecil dari tingkat signifikan 5% (α=0,05) maka Ha diterima dan H0 ditolak.Kata kunci : current ratio, debt to equity ratio, return on equity dan harga saham.
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Sufriani, Sufriani, i M. Rimawan. "Analisis Return on Equity dan Debt to Equity Ratio". Owner (Riset dan Jurnal Akuntansi) 4, nr 2 (30.06.2020): 308. http://dx.doi.org/10.33395/owner.v4i2.228.
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Penelitian ini bertujuan untuk mengetahui dan menganalisis Rasio profitabilitas menggunakan Return on Equity dimana membandingkan antara laba setelah pajak dan Ekuitas dan Rasio Solvabilitas menggunakan Debt To Equty Ratio dimana membandingkan total hutang dengan ekuitas pada PT Adaro Energy Tbk dimana semakin tinggi nilai Return on Equity maka semakin tidak baik perusahaan dalam mengelola modal sendiri untuk menghasilakn Laba begitu juga sebaliknya apabila nilai Return on Equity rendah semakin baik. Sedangkan Debt to Equity Ratio tinggi maka pengelolaan ekuitas tidak baik apabila Debt to Equity Ratio rendah maka penggunaan modal sendiri sangat baik karna tidak mengandalkan pendaanaan dari luar. Penelitian ini adalah penelitian Deskriptif dimana hanya menbandingkan 1 satu variabel saja. Populasi dalam penelitian ini adalah 11 tahun dan sampel dalam penelitian ini selama 9 tahun mulai 2010 sampai tahun 2018 dengan sampling yang digunakan adalah purposive sampling. Uji statistik mengunakan SPSS v 21 dengan teknik analisis data menggunakan metode one sample t-test. hasil penelitian menunjukan bahwa Return on Equity dikatakan baik dan Debt to Equity Ratio dikatakan baik.. Ini menunjukan bahwa pengelolaan modal sendiri sudah sangat baik karena tidak mengandalkan modal dari pihak luar dan sudah dapat meningkatkan Laba
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Vu, Joseph D. V. "The Debt-Equity Choice". CFA Digest 31, nr 4 (listopad 2001): 32–34. http://dx.doi.org/10.2469/dig.v31.n4.963.
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Engel, Ellen, Merle Erickson i Edward Maydew. "Debt-Equity Hybrid Securities". Journal of Accounting Research 37, nr 2 (1999): 249. http://dx.doi.org/10.2307/2491409.
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Hovakimian, Armen, Tim Opler i Sheridan Titman. "The Debt-Equity Choice". Journal of Financial and Quantitative Analysis 36, nr 1 (marzec 2001): 1. http://dx.doi.org/10.2307/2676195.
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M. M. Buehlmaier, Matthias. "Debt, equity, and information". Journal of Mathematical Economics 50 (styczeń 2014): 54–62. http://dx.doi.org/10.1016/j.jmateco.2013.09.003.
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Duncan, Alfred, i Charles Nolan. "Disputes, debt, and equity". Theoretical Economics 14, nr 3 (2019): 887–925. http://dx.doi.org/10.3982/te2574.
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We show how the prospect of disputes over firms' revenue reports promotes debt financing over equity. This is demonstrated in a costly state verification model with a risk‐averse entrepreneur. The prospect of disputes encourages incentive contracts that limit penalties and avoid stochastic monitoring, even when the lender can commit to stochastic monitoring. Consequently, optimal contracts shift from equity toward standard debt. In short, when audit signals are weakly correlated with true incomes, standard debt contracts emerge as optimal; if audit signals are highly correlated with true incomes, optimal contracts resemble equity. When audit costs are sufficiently high, stochastic monitoring may be optimal. Optimal standard debt contracts under imperfect audits are shown to reproduce key empirical facts of U.S. firm borrowing.
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Hamzah, Siti Raihana, Norizarina Ishak i Ahmad Fadly Nurullah Rasedee. "Risk shifting elimination and risk sharing exposure in equity-based financing – a theoretical exposition". Managerial Finance 44, nr 10 (8.10.2018): 1210–26. http://dx.doi.org/10.1108/mf-05-2017-0187.
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Purpose The purpose of this paper is to examine incentives for risk shifting in debt- and equity-based contracts based on the critiques of the similarities between sukuk and bonds. Design/methodology/approach This paper uses a theoretical and mathematical model to investigate whether incentives for risk taking exist in: debt contracts; and equity contracts. Findings Based on this theoretical model, it argues that risk shifting behaviour exists in debt contracts only because debt naturally gives rise to risk shifting behaviour when the transaction takes place. In contrast, equity contracts, by their very nature, involve sharing transactional risk and returns and are thus thought to make risk shifting behaviour undesirable. Nonetheless, previous researchers have found that equity-based financing also might carry risk shifting incentives. Even so, this paper argues that the amount of capital provided and the underlying assets must be considered, especially in the event of default. Through mathematical modelling, this element of equity financing can make risk shifting unattractive, thus making equity financing more distinct than debt financing. Research limitations/implications Global awareness of the dangers of debt should be increased as a means of reducing the amount of debt outstanding globally. Although some regulators suggest that sukuk replaces debt, they must also be aware that imitative sukuk poses the same threat to efforts to avoid debt. In short, efforts to ensure future financial stability cannot address only debts or bonds but must also address those types of sukuk that mirrors bonds in their operation. In the wake of the global financial crisis, amid the frantic search for ways of protecting against future financial shocks, this analysis aims to help create future stability by encouraging market players to avoid debt-based activities and promoting equity-based instruments. Practical implications This paper’s findings are relevant for countries that feature more than one type of financial market (e.g. Islamic and conventional) because risk shifting behaviour can degrade economic and financial stability. Originality/value This paper differs from the previous literature in two important ways, viewing risk shifting behaviour not only in relation to debt or bonds but also when set against debt-based sukuk, which has been subjected to similar criticism. Indeed, to the extent that debts and bonds encourage risk shifting behaviour and threaten the entire financial system, so, too, can imitation sukuk or debt-based sukuk. Second, this paper is unique in exploring the ability of equity features to curb equityholders’ incentive to engage in risk shifting behaviour. Such an examination is necessary for the wake of the global financial crisis, for researchers and economists now agree that risk shifting must be controlled.
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Pratama, Gelar Rialdi, Erry Sunarya i Acep Samsudin. "Analisis Tingkat Pengembalian Saham pada Industri Dasar Kimia Subsektor Logam". BUDGETING : Journal of Business, Management and Accounting 1, nr 2 (26.06.2020): 93–108. http://dx.doi.org/10.31539/budgeting.v1i2.794.
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This study aims to determine how much return on shares contained in PT. Lion Metal Work with the Earning Per Share (EPS) method, and also wants to know the rate of return on debt at PT. Lion Metal Work with the Debt To Equity Ratio method. The results of this study state that the value of Earning Per Share in 2015-2016 has increased above the industry average standard, and in 2017 the company has decreased below the industry average standard, while the results of the Debt to Equity Ratio state that the company in 2015-2017 has increased but the value of the Debt To Equity Ratio is less than the industry average standard. The company's problems are in the performance of companies that are experiencing a decline and the value of profits continues to decline and the total debt continues to grow. Conclusions, based on the results and analysis of research data, the return of company shares is not good, as well as the return of debts that are categorized as small or not good because of an increase in debt from year to year while the rate of return on corporate debt is small.
Keywords: Earning Per Share, stock returns, Debt To Equity Ratio.
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Halimah, Ima, Nor Norisanti i Faizal Mulia Z. "Analisis Kinerja Rentabilitas Dan Solvabilitas Sektor Kosmetik Dan Rumah Tangga (Studi Kasus Perusahaan Yang Terdaftar Di Bursa Efek Indonesia)". Jurnal Samudra Ekonomi dan Bisnis 10, nr 2 (31.07.2019): 104–11. http://dx.doi.org/10.33059/jseb.v10i02.1174.
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This study discusses the analysis of capital structures that measure profitability and solvability in cosmetic companies listed on the Indonesia Stock Exchange. This research uses descriptive method, the data used secondary data consisting of financial statements of cosmetics companies for the period 2015 to 2017. Using horizontal analysis for capital structure, return on equity (ROE), debt to equity ratio (DER), long term debt to equity ratio (LTDtER) and uses industry standard averages. The results show that PT Unilever Indonesia Tbk can exceed the average value of the industry standard and the value generated for returns on equity, debt to equity ratio, and long-term debt to equity ratio the higher compared to other cosmetic companies. Companies with returns on equity, debt to equity ratios and long-term debt-to-equity ratios that obtain low scores are PT. Kino Indonesia Tbk and PT. Mustika Ratu Tbk because the value obtained cannot always be obtained by the industry standard average value.
Keyword : Capital Structure, Returns On Equity, Debt To Equity Ratios, Long Term Debt To Equity Ratios
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Halimah, Ima, Nor Norisanti i Faizal Mulia Z. "Analisis Kinerja Rentabilitas Dan Solvabilitas Sektor Kosmetik Dan Rumah Tangga (Studi Kasus Perusahaan Yang Terdaftar Di Bursa Efek Indonesia)". Jurnal Samudra Ekonomi dan Bisnis 10, nr 2 (31.07.2019): 104–11. http://dx.doi.org/10.33059/jseb.v10i2.1174.
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This study discusses the analysis of capital structures that measure profitability and solvability in cosmetic companies listed on the Indonesia Stock Exchange. This research uses descriptive method, the data used secondary data consisting of financial statements of cosmetics companies for the period 2015 to 2017. Using horizontal analysis for capital structure, return on equity (ROE), debt to equity ratio (DER), long term debt to equity ratio (LTDtER) and uses industry standard averages. The results show that PT Unilever Indonesia Tbk can exceed the average value of the industry standard and the value generated for returns on equity, debt to equity ratio, and long-term debt to equity ratio the higher compared to other cosmetic companies. Companies with returns on equity, debt to equity ratios and long-term debt-to-equity ratios that obtain low scores are PT. Kino Indonesia Tbk and PT. Mustika Ratu Tbk because the value obtained cannot always be obtained by the industry standard average value.
Keyword : Capital Structure, Returns On Equity, Debt To Equity Ratios, Long Term Debt To Equity Ratios
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Serwadda, Isah. "The Effects of Capital Structure on Banks’ Performance, the Ugandan Perspective". Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 67, nr 3 (2019): 853–68. http://dx.doi.org/10.11118/actaun201967030853.
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The paper aims to investigate the effects of capital structure on banks’ performance on Ugandan banks for a ten years period, 2006–2015 with a sample of 20 commercial banks. The study employs four performance indicators of return on equity, return on assets, net interest margin and cost to income ratio to determine bank performance. Panel regression models are used to determine the effects of capital structure on bank performance. Independent variables are sub‑divided into capital structure variables namely; long‑term debt to total assets, short‑term debt to total assets and total debt ratio and then control variables are bank size and tangibility of assets. Results portray that there is a positive relationship between capital structure variables and bank performance. It’s between long‑term debts, total debt with net interest margin. There is also a positive relationship between total debt and return on assets. It is still the same between total debt and returns on equity. However, there is a negative relationship between short‑term debt and return on assets. The results also signify a positive relationship between bank size and net interest margin. It is still the same between bank size and returns on equity plus return on assets. There is a negative relationship between the tangibility of assets and net interest margin. It is also the same with return on equity. The findings propose that profitable banks rely more on debt financing as their financing option. This is advanced by the fact that approximately 68 % of total assets are represented by short‑term debts for Uganda’s commercial banks. This further implies that Ugandan banks largely depend on short‑term debt financing for their business operations compared to long‑term debt. Hence the study recommends that executive banking management teams plus policymakers should design prudent financing decisions aimed at reducing overreliance on debts to yield optimal capital structure levels. This will enable banks to remain at the top of the profitability game competitively in the banking industry.
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Lumbanraja, Thorman. "PENGARUH RASIO SOLVABILITAS TERHADAP RASIO PROFITABILITAS PADA PT. KIMIA FARMA (PERSERO) TBK". Jurakunman (Jurnal Akuntansi dan Manajemen) 14, nr 1 (26.04.2021): 12. http://dx.doi.org/10.48042/jurakunman.v14i1.65.
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Penelitian ini bertujuan untuk mengetahui pengaruh rasio solvabilitas terhadap rasio profitabilitas pada PT.Kimia Farma (Persero) TBK TAHUN 2012-2018. Variabel dependen yang digunakan dalam penelitian ini adalah return on asset, sedangkan variabel independen nya adalah debt to asset ratio, debt to equity ratio dan longterm debt to equity ratio. Berdasarkan hasil analisis data menunjukkan bahwa debt to asset ratio tidak berpengaruh signifikan terhadap return on asset. Debt to equity ratio berpengaruh signifikan terhadap return on asset. Longterm debt to equity ratio berpengaruh signifikan terhadap return on asset. Secara simultan tidak terdapat pengaruh signifikan antara debt to asset ratio, debt to equity ratio dan longterm debt to equity ratio terhadap return on asset.
Kata kunci : Rasio Solvabilitas dan Rasio Profitabilitas
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Ferica, Ferica, Annisa Nauli, Cindy Couwinata i Sukhenny Sukhenny. "Pengaruh Likuiditas, Total Asset Turnover, Debt to Equity Ratio dan Perputaran Persedian terhadap Profitabilitas Perusahaan Manufaktur". Journal of Economic, Bussines and Accounting (COSTING) 3, nr 2 (29.04.2020): 336–44. http://dx.doi.org/10.31539/costing.v3i2.1063.
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Profitability in a company aims to assess the company's expertise in generating profits and the company's ability to pay debts to creditors. This study aims to determine the effect of Liquidity (QR), Total Assets Turnover (TATO), Debt to Equity Ratio (DER), and Inventory Turnover on profitability. This type of research is quantitative descriptive with secondary data, sample selection using purposive sampling, and testing methods using multiple linear regression analysis. The population in this study amounted to 155 manufacturing companies listed on the Indonesia Stock Exchange in the 2015-2018 period. Based on the results of the study note that simultaneous Liquidity (QR), Total Assets Turnover (TATO), Debt to Equity Ratio (DER), and Inventory Turnover have positive and significant effects. Partially, only Liquidity (QR) and Total Assets Turnover (TATO) have a positive and significant effect on profitability while Debt to Equity Ratio (DER), and Inventory Turnover have no significant effect on profitability.
Keywords : Liquidity, Total Assets Turnover, Debt to Equity Ratio, and Inventory Turnover
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Han, Alex. "Does National Debt Matter? -Analysis Based on The Economic Theories". ABC Research Alert 9, nr 3 (26.11.2021): 100–103. http://dx.doi.org/10.18034/abcra.v9i3.582.
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The national debt has been increasing at a higher percentage than the GDP of the United States. Since the 2008 Global Financial Crisis, national increased dramatically since the country borrowed to finance its expenditures. Moreover, with the onset of the Covid-19 pandemic, national debt increased to 105% of the GDP. There have been worries about whether the national debt is a matter of concern, and many theories have been developed to explain national debt. The classical economists advocated for a balanced budget where taxes finance government expenditure. Keynes argued that governments should borrow to finance their spending to avoid a decrease in demand. The pecking order theory argued that when businesses use all their retained earnings, they should prefer debts to equity to finance their expenditures. Trade-off theory advocated for financing through debt because it is cheaper. Debt payments of a company are deductible through tax, and less risk is involved when taking debt than equity. Finally, the neoclassical economists assumed that government debt has a one-time maturity and pays the current interest rate. Using the concepts of these theories, it is clear that national debt should not be a matter of concern because it is cheaper to pay debt than equity and debt benefits a country in the long run.
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International Monetary Fund. "Simple Analytics: Debt-Equity Swaps and Debt forgiveness". IMF Working Papers 88, nr 30 (1988): i. http://dx.doi.org/10.5089/9781451980165.001.
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CORNETT, MARCIA MILLON, i NICKOLAOS G. TRAVLOS. "Information Effects Associated with Debt-for-Equity and Equity-for-Debt Exchange Offers". Journal of Finance 44, nr 2 (czerwiec 1989): 451–68. http://dx.doi.org/10.1111/j.1540-6261.1989.tb05065.x.
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Ainul, Nazilatul Khunaina Il Khafa, i Annisa Wulandari. "Kinerja Keuangan Perusahaan Pada Harga Saham Perusahaan Food and Beverage di Indonesia". E-Jurnal Akuntansi 32, nr 7 (22.07.2022): 1940. http://dx.doi.org/10.24843/eja.2022.v32.i07.p20.
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The background of the research is the importance of the company's financial performance in making investment decisions for potential investors. The purpose of this study was to determine and analyze the effect of the Current Ratio, Total Asset Turnover, Debt to Equity Ratio, Return on Equit, and Price Earnings Ratio on the Stock Price of Food and Beverage Companies for the 2015-2019 period. The sample in this study used a purposive sampling technique and the final sample was 54 food and beverage companies during the sample period. The analytical tool used is multiple linear regression. The results showed that the Current Ratio, Return on Equity and Price Earnings Ratio had an effect on stock prices. Meanwhile, Total Asset Turnover and Debt to Equity Ratio have no effect on stock prices.
Keywords: Current Ratio; Total Asset Turnover; Debt to Equity Ratio; Return on Equity; Price Earnings Ratio; Stock Price.
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Lukashina, Olga, Zaiga Oborenko i Marga Zhivitere. "Extinguishing Financial Liabilities with Equity Instruments: Theory and Practice Problems". Global Journal of Business, Economics and Management: Current Issues 6, nr 1 (25.10.2016): 35. http://dx.doi.org/10.18844/gjbem.v6i1.984.
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EU introduced “fair value” accounting rules to evaluate equity instruments issued by the debtor for creditors to extinguish financial liabilities to them. These rules are not applied if the creditor is also a direct or indirect shareholder. This paper examines approaches to the evaluation debt when the shareholder’s liabilities are capitalized. Evaluation of those debts should include an audit of the documents related to incurring of debt, followed by an analysis of the debtor’s liquid assets to secure the debt. This is necessary to prevent the use of loopholes in legislation. Then the methods of business evaluation could be applied in any private enterprise.Keywords: capitalization of debts, set-off of claims , fair value, income tax, “internal” liabilities
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Abdlazez, Fahed Abdullah, Alhashmi Aboubaker Lasyoud i Abdlmutaleb Boshanna. "The relationship between Malaysian public-listed firms’ corporate governance and their capital structure". Corporate Ownership and Control 16, nr 3 (2019): 98–112. http://dx.doi.org/10.22495/cocv16i3art9.
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The purpose of this paper is to investigate the relationship between corporate governance practices and capital structure of public-listed companies in Malaysia. Using the annual reports of 273 Malaysian public-listed firms on the Bursa Malaysia between 2008 and 2012, hierarchical multiple regression analysis was conducted. Corporate governance was measured by variables including board size, CEO duality, ownership structure, and board meeting. Capital structure was measured through four variables: debt-to-equity ratio, long-term debts, short-term debts, and debt ratio. The findings indicated that corporate governance practices have a positive influence on the debt-equity ratio, long-term debt, short-term debt and a debt ratio of capital structure. However, corporate governance practices’ influence on the debt ratio is found statistically insignificant. The findings also indicate that firm size moderates the relationship between corporate governance variables and capital structure. Empirically, these findings are useful for measuring and understanding financing decisions taken by the Malaysian public listed firms. It also offers insights to policymakers interested in enhancing the role of corporate governance in formulating management strategies.
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Murtini, Umi, i Dwi Setia Anggraeni. "PENGARUH PANGSA PASAR, RASIO LEVERAGE DAN RASIO INTENSITAS MODAL TERHADAP PROFITABILITAS PERUSAHAAN MANUFAKTUR YANG GO-PUBLIC DI INDONESIA". Jurnal Riset Akuntansi dan Keuangan 2, nr 1 (1.02.2006): 27. http://dx.doi.org/10.21460/jrak.2006.21.121.
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This study aims examining influence of ,market share, leverage ratio, capital intensity to profitability in manufactur sector in Indonesia. The Study uses /inancial report from manufactur sector especially in food and baverage, from 1999 until 2003 for 20 tirms. Results of this study are: first, Debt Total Asset @M) and capital intensity enfluence si4ntrtcantly Return on Assets, meanwhile market share and and Debt equty ratio do not influence to Return on Assets. Second, Debt total assets, Debt equity ratio, and capital intensity intluence significantly Return on Equity, meanwhile market share do not influence to return on equity.Keywords: ROA, ROE, Pangsa Pasa7 Leverage Ratio, Capital Intensity Rasio.
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De Franco, Gus, Florin P. Vasvari, Dushyantkumar Vyas i Regina Wittenberg-Moerman. "Debt Analysts' Views of Debt-Equity Conflicts of Interest". Accounting Review 89, nr 2 (1.10.2013): 571–604. http://dx.doi.org/10.2308/accr-50635.
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ABSTRACT We investigate how the tone of sell-side debt analysts' discussions about debt-equity conflict events affects the informativeness of debt analysts' reports in debt markets. Conflict events such as mergers and acquisitions, debt issuance, share repurchases, or dividend payments potentially generate asset substitution or wealth expropriation by equity holders. We document that debt analysts routinely discuss these conflict events in their reports. More importantly, discussions about conflict events that we code as negative are associated with increases in credit spreads and bond trading volume. Consistent with the informational value of debt analysts' discussions in secondary debt markets, we find that negatively coded conflict discussions predict higher bond offering yields in the primary bond market. In additional analyses, we measure the tone of debt analysts' discussions based on their disagreement with the tone of equity analysts' discussions and find that the informativeness of debt analysts' reports is higher when our coding indicates that conflict events are viewed negatively by debt analysts but positively by equity analysts. JEL Classifications: G12, G14, G32, M49.
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Supriadi, Yoyon, i M. NUR ALFIANA. "Pengaruh Hutang Jangka Pendek Dan Hutang Jangka Panjang Dalam Menilai Kinerja Perusahaan Dari Aspek Profitabilitas". Jurnal Ilmiah Manajemen Kesatuan 2, nr 3 (1.12.2014): 238–53. http://dx.doi.org/10.37641/jimkes.v2i3.807.
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Firms are facing dificulties in running business if only using internal source of funds. The growth or development of a company results in the need for greater funding. Hartono (2000, 254), mentions that the debt contains risk. The higher the risk of a company, the higher the level ofprofitability expected in retumfor the high risk and conversely the lower the risk of the company, the lower the level of profitability expected in return for lower risk. This study tries to investigate the effect of short and long term debts on company's performance when viewed from its profitability aspect. The results showed that simultaneous independent variables Y1(Return on Assets) and the independent variable Y2 (Return On Equity) there is no significant effect on the independent variable. The coeficients determinations show that there are other variables that determine the returns or profitability. Based on the establishment of the regression equation suggests that if there is an addition of one - unit on the coefficients Change of Debt Short - Range and the Longterm Debt Equity Retum on Assets will decrease, as well as in the event ofone - unit increments of the coefficients Change of Debt Short - Range Longterm Debt Equity and the Retum On Equity will decline .
Keywords: long-term debt, profitability
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Putri, Irine Mahardhika, Tumirin Tumirin i Nyimas Wardatul Afiqoh. "Dimension of Debt to Earnings Management". Indonesian Vocational Research Journal 2, nr 1 (30.12.2022): 47. http://dx.doi.org/10.30587/ivrj.v2i1.4852.
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This study aims to determine the effect of Debt to Equity Ratio (DER), Debt to Asset Ratio (DAR), and Long Term Debt to Equity Ratio (LTDER) on earnings management. This study uses a quantitative research approach. Collecting techniques using documentary data or secondary data. The sample selection used purposive sampling method. From the predetermined criteria, a sample of 120 company data was obtained. The data analysis used multiple linear regression analysis. The results showed that the Debt to Equity Ratio had a significant positive effect on earnings management. Debt to Asset Ratio has a significant positive effect on earnings management. Long Term Debt to Equity Ratio has a negative effect on earnings management. Simultaneously variable Debt to Equity Ratio, Debt to Asset Ratio, and Long Term Debt to Equity Ratio has a negative effect on earning management. Simultaneous significant test using by comparing F count with F table.
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Hassanudin, Abdul Fatah, Eliya Fatma Harahap, Wufron Wufron i Wisnu Wardani. "Pengaruh Debt To Equity Ratio terhadap Return On Equity pada PT Siantar Top Tbk". Jurnal Wacana Ekonomi 20, nr 3 (2.09.2021): 125. http://dx.doi.org/10.52434/jwe.v20i3.1299.
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This study aims to determine the effect of the Debt to Equity Ratio to the Return on Equity at PT. Siantar Top Tbk. This study uses the variable debt to equity ratio and return on equity. Researchers used secondary data, namely the Annual Financial Report of PT. Siantar Top Tbk for the period 2013-2018. The research method used is descriptive verification method, data collection namely library research and documentation study. The analysis technique uses simple linear regression analysis, this study uses SPSS 23 software. The results of this study indicate that the debt to equity ratio has a significant effect on return on equity. And there is no significant relationship between debt to equity ratio and return on equity with the strength of the weak correlation coefficient.Keywords: Debt to Equity Ratio, Return On Equity
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Njogo, Bibiana, Jaiyeoba Oladele i Oladotun Mabinuori. "Impact of equity and debt financing on financial performance of quoted manufacturing companies in Nigeria". Caleb International Journal of Development Studies 3, nr 2 (30.11.2020): 64–76. http://dx.doi.org/10.26772/cijds-2020-03-02-04.
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Empirical studies have shown that equity and debt financing is one of the important determinants affecting the performance of a company. This study sought to examine the impact of equity and debt financing on performance on quoted manufacturing companies in Nigeria using the Panel Fully Modified Least Square on secondary data on earnings per share, debt and equity covering the period 2010-2018. To increase earnings, findings show that equity positively influences earnings per share while a negative relationship exists between earnings per share and debt. The study recommends that firms should finance their company majorly with equity shares rather than debt. KEY WORDS: Corporate governance, Equity, Debt, Earnings per share, and Firm’s performance.
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Munawar, Andri Helmi, i Dara Siti Nurjanah. "DETERMINASI MARKET SHARE DAN DEBT TO EQUITY RATIO TERHADAP RETURN ON EQUITY PADA PT INDOFOOD SUKSES MAKMUR TBK". BanKu: Jurnal Perbankan dan Keuangan 2, nr 2 (31.08.2021): 89–97. http://dx.doi.org/10.37058/banku.v2i2.3574.
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ABSTRACTThe purpose of the study is to empirically test the effect of Market Share and Debt To Dequity Ratio on Return On Equity at PT Indofood Sukses Makmur Tbk in 2009-2018. The research approach is quantitative with descriptive method, the sampling technique used is purposive sampling. The population of this study is the company's financial statement data, namely PT Indofood Sukses Makmur Tbk in 2009-2018. The statistical technique used is multiple linear regression. Results Based on the research conducted, it can be seen that the magnitude of the influence of Market Share and Debt To Equity Ratio on Return On Equity is 0.867. The results of the research simultaneously show that Market Share and Debt To Equity Ratio together have an effect on Return On Equity at PT Indofood Sukses Makmur Tbk, while partially show that Market Share has a significant effect and Debt To Equity Ratio has no effect on Return On Equity at PT Indofood Sukses Makmur Tbk in 2009-2018. Keywords: MarketShare; Debt to Equity Ratio; Return On Equity. ABSTRAKTujuan penelitian untuk menguji secara empiris pengaruh Market Share dan Debt To Dequity Ratio (DER) terhadap Return On Equity (ROE) pada PT Indofood Sukses Makmur Tbk Tahun 2009-2018. Pendekatan penelitian adalah kuantitatif dengan metode deskriptif, teknik sampling yang digunakan adalah purposive sampling. Populasi dari penelitian ini merupakan data laporan keuangan perusahaan yaitu PT Indofood Sukses Makmur Tbk tahun 2009-2018, Teknik statistik yang digunakan adalah regresi linier berganda. Berdasarkan hasil penelitian yang dilakukan dapat diketahui bahwa besarnya pengaruh Market Share dan Debt To Equity Ratio terhadap Return On Equity sebesar 0,867. Hasil penelitian secara simultan bahwa Market Share dan Debt To Equity Ratio secara bersama-sama berpengaruh terhadap Return On Equity pada PT Indofood Sukses Makmur Tbk, sedangkan secara parsial menunjukkan bahwa Market Share berpengaruh signifikan dan Debt To Equity Ratio tidak berpengaruh terhadap Return On Equity pada PT Indofood Sukses Makmur Tbk tahun 2009-2018. Kata Kunci: MarketShare; Debt to Equity Ratio; Return On Equity.
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Farid, Abd, i Puji Muniarty. "Analysis of the Effect of Current Ratio and Debt To Equity Ratio on Sales at PT. Indofood Sukses Makmur Tbk in 2009-2019". Ilomata International Journal of Management 2, nr 2 (29.04.2021): 106–11. http://dx.doi.org/10.52728/ijjm.v2i2.228.
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This research aims to identify and analyze whether there is an influence between them Curren Ratio and Debt To Equty Ratio, either partially or simultaneously to Sales at PT.Indofood Sukses Makmur Tbk. The approach taken for the use of research this is associative. The population of this study is to use financial statement data, namely data Curren Ratio consisting of current assets and current debt for Deb to Equty Ratio data consists of total debt and total equity and sales data consisting of gross sales and selling expenses for 29 years from 1990-2019 which were accessed through the website www.indofood.commethod of collection with a sample size of 11 years, namely 2009-2019. The The research sampling is purposive sampling method. While the data analysis technique using Curren Ratio, Debt To Equity Ratio, Sales, multiple linear regression, hypothesis (t test and F test), multiple correlation coefficient and multiple determination coefficient. Research result This proves that the Curren Ratio has no significant effect partially on Sales. The Debt To Equty Ratio has no significant effect partially on Sales. To be simultaneously on the Curren Ratio and Debt To Equty Ratio not effect on Sales. While the most dominant factor is the Curren Ratio and Debt To Equty Ratio to Sales is the Curren Ratio at PT.Indofood Sukses Makmur Tbk
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Fatonah, Siti, Siti Nuradila Amini i Bambang Tri Dayono. "PENGARUH DEBT TO ASSET RATIO (DAR) DAN DEBT TO EQUITY RATIO (DER) TERHADAP RETURN ON EQUITY (ROE) PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA". National Conference on Applied Business, Education, & Technology (NCABET) 2, nr 1 (31.10.2022): 282–92. http://dx.doi.org/10.46306/ncabet.v2i1.88.
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This study aims to determine the effect of Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER) on Return On Equity (ROE) in Food and Beverage Companies listed on the Indonesia Stock Exchange for the 2015-2021 period. The research method used is causal associative method with quantitative research using secondary data in the form of financial report data obtained from www.idx.co.id and www.idnfinancial.com. The population in this study is the Food and Beverage Sub-Sector Companies listed on the Indonesia Stock Exchange for the 2015-2021 period, totaling 32 companies. The sample in this study were 6 companies with purposive sampling technique.The results of this study indicate that the partial t-test Debt to Asset Ratio has no effect on Return On Equity with a value of tcount < ttable (1.108 < 2.021) and a significant value of (0.275 > 0.05). Debt to Equity Ratio (DER) has a significant effect on Return On Equity (ROE) with a value of tcount > ttable (22,977 > 2.021) and a significant value of (0.000 < 0.05). By simultaneous f-test, Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER) have a significant effect on Return On Equity (ROE) with fcount > ftable (264.314 > 3.24) and significant value (0.000 < 0.05) ).The conclusion of this study is that partially Debt to Asset Ratio has no effect on Return On Equity, Debt to Equity Ratio has an effect on Return On Equity and simultaneously (simultaneously) Debt to Asset Ratio and Debt To Equity Ratio affect Return On Equity in Food and Beverage Companies Listed on the Indonesia Stock Exchange for the 2015-2021 Period
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Fitriyani, Yuli, Mufrida Zein, Radna Nurmalina i Mega Putri Diyani. "Analysis of Financial Statements to Measure Performance at PT. Kino Indonesia, Tbk 2015-2019". International Journal of Research in Vocational Studies (IJRVOCAS) 2, nr 1 (13.04.2022): 10–16. http://dx.doi.org/10.53893/ijrvocas.v2i1.95.
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This study aims to analyze the financial performance of PT. Kino Indonesia Tbk from 2015-2019 by calculating financial ratios. The type of data used is quantitative data. The data collection methods used were documentation and literature study which were analyzed using financial ratios, namely liquidity ratios, solvency ratios, and profitability ratios. The results show that the liquidity ratio, namely the current ratio, is not yet effective because the company has not been able to pay current debts using assets, while the quick ratio is declared effective because the company is able to pay short-term debt with current assets without taking inventory into account. The solvency ratio, namely the debt to asset ratio, is declared ineffective because the company has not been able to pay all of its debts using assets and the debt to equity ratio is effective because the company is able to pay all its debts using all equity. Profitability ratios, namely return on assets and return on equity, fluctuate every year because the company has not been able to obtain maximum profit.
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Afifah, Fitri Nur, i Liya Megawati. "PENGARUH RETURN ON ASSETS, RETURN ON EQUITY, DAN DEBT-TO-EQUITY RATIO TERHADAP HARGA SAHAM PADA PERUSAHAAN SUBSEKTOR TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2014-2018". Modus 33, nr 1 (10.02.2021): 18–35. http://dx.doi.org/10.24002/modus.v33i1.4063.
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ABSTRACTTechnological advances and the increasing use of telecommunications services have made companies in the telecommunications sector continue to develop their business, however these companies experience various obstacles, one of which is not being careful in making funding decisions. This study aims to determine the Return on Assets (X1), Return on Equity (X2), Debt to Equity Ratio (X3), and stock price (Y) and to test and analyze whether there is an effect of Return on Assets, Return on Equity, and Debt to Equity Ratio on stock prices either partially or simultaneously. The method used in sample selection is purposive sampling. This study uses SPSS version 24 to process data. The results showed that Return on Assets, Return on Equity, and Debt to Equity Ratio had a significant positive effect on stock prices partially. Then there is a simultaneous influence of Return on Assets, Return on Equity and Debt to Equity Ratio on stock prices with an F value of 7.559 and a significant value of 0.001. The R Square value obtained is 0.519 or 51.9%.Keywords: Return on Assets; Return on Equity; Debt to Equity Ratio; stock pricesABSTRAKKemajuan teknologi dan meningkatnya penggunaan layanan telekomunikasi membuat perusahaan pada bidang telekomunikasi terus mengembangkan usahanya, namun perusahaan-perusahaan tersebut mengalami berbagai hambatan, salah satunya yaitu kurang cermat dalam mengambil keputusan pendanaan. Penelitian ini bertujuan untuk mengetahui Return on Assets (X1), Return on Equity (X2), Debt to Equity Ratio (X3), dan harga saham (Y) serta menguji dan menganalisis apakah terdapat pengaruh Return on Assets, Return on Equity, dan Debt to Equity Ratio terhadap harga saham baik parsial maupun simultan. Metode yang digunakan dalam pemilihan sampel adalah purposive sampling. Penelitian ini menggunakan program SPSS versi 24 untuk mengolah data. Hasil penelitian menunjukkan bahwa Return on Assets, Return on Equity, dan Debt to Equity Ratio berpengaruh positif signifikan terhadap harga saham secara parsial. Kemudian terdapat pengaruh secara simultan antara Return on Assets, Return on Equity, dan Debt to Equity Ratio terhadap harga saham dengan nilai F hitung 7,559 dan nilai signifikan 0,001. Nilai R Square yang didapat sebesar 0,519 atau sebesar 51,9%.Kata kunci: Return on Assets; Return on Equity; Debt to Equity Ratio; harga saham
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Ffrench-Davis, Ricardo. "Debt-equity swaps in Chile". Cambridge Journal of Economics 14, nr 1 (marzec 1990): 109–26. http://dx.doi.org/10.1093/oxfordjournals.cje.a035116.
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Gaud, Philippe, Martin Hoesli i André Bender. "Debt-equity choice in Europe". International Review of Financial Analysis 16, nr 3 (styczeń 2007): 201–22. http://dx.doi.org/10.1016/j.irfa.2006.08.003.
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Correa, Amelia, i Romar Correa. "Microfinance: equity and debt contracts". Applied Economics Letters 16, nr 8 (14.05.2009): 859–62. http://dx.doi.org/10.1080/17446540802314501.
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Jackson, Scott B., Timothy M. Keune i Leigh Salzsieder. "Debt, equity, and capital investment". Journal of Accounting and Economics 56, nr 2-3 (listopad 2013): 291–310. http://dx.doi.org/10.1016/j.jacceco.2013.09.001.
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Kim, Woojin, YoungKyung Ko i Shu-Feng Wang. "Debt restructuring through equity issues". Journal of Banking & Finance 106 (wrzesień 2019): 341–56. http://dx.doi.org/10.1016/j.jbankfin.2019.07.002.
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SABOROGHA, Uchechi Boneri, i Azubuike Samuel AGBAM. "Debt-Equity Variations and Determinants: Empirical Study of Quoted Firms in Nigeria". IIARD INTERNATIONAL JOURNAL OF BANKING AND FINANCE RESEARCH 8, nr 4 (26.08.2023): 20–34. http://dx.doi.org/10.56201/ijbfr.v8.no4.2022.pg20.34.
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This study investigates debt-equity variations and determinants with reference to quoted firms in Nigeria for the period 2009 to 2018. The major objective of the study is to ascertain the factors that influence the change in debt-equity. The data used is from fifteen listed firms in Nigeria, Preliminary analysis showed that income volatility, interest payment, asset tangibility, firm size and non-debt tax shield have high correlation with change in debt-equity ratio. All the independent variables are positively related to change in debt-equity ratio except income volatility. The panel unit root test showed that the data were all stationary at first differencing. The major findings indicated a positive and significant relationship between asset tangibility, firm size and change in debt-equity ratio of the selected firms. Interest payment and non-debt tax shield increased change in debt-equity ratio but insignificant, while income volatility showed a negative and insignificant effect on change in debt-equity ratio. The study recommends the need for quoted firms in Nigeria to provide quality management in various areas of the businesses activities to ensure the stability of income, without which can cause numerous business.
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Gborogen, ADOGBEJI, i Ohidoa Toluwa. "Capital Structure and Agency Costs". International Journal of Research and Innovation in Social Science VII, nr IV (2023): 431–38. http://dx.doi.org/10.47772/ijriss.2023.7433.
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Capital structure and agency cost. Objectives: The study empirically investigates the relationship between capital structure and agency cost of non-financial firms. Prior Work: This extended and build on the studies of Hajis said (2020) and Omuemu and Olowe (2020); Kumar (2017); Awan and Amin (2014); Jaelani (2017) and Zakaria (2016) that also research in the same direction of our study. Approach: this study adopted a longitudinal research design and the Ordinary Least Square method of data analysis. Results: The study showed that total debt to equity ratio and long term debt to asset ratio have a negative and significant relationship with agency cost, whereas short-term debt to asset ratio, long term debt to equity ratio, and equity to assets ratio have a positive and significant relationship with agency cost. Implication: the study has ushered prospective and existing investors and organizations, the knowledge of the relevance of short and long term debts to agency cost Nigeria. Value: the demonstrated that the ratio of short-term debt to assets has a positive and significant effect on agency.
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Andhani, Destian, i Nur Rachmah Wahidah. "PENGARUH RETURN ON ASSETS (ROA) DAN DEBT TO EQUITY RATIO (DER) TERHADAP HARGA SAHAM PADA PT BUMI SERPONG DAMAI TBK". Jurnal Sekretari Universitas Pamulang 10, nr 1 (29.01.2023): 71. http://dx.doi.org/10.32493/skr.v10i1.28426.
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ABSTRAK Pengaruh Return On Assets (ROA) Dan Debt To Equity Ratio (DER) Terhadap Harga Saham Pada PT. Bumi Serpong Damai Tbk. Program Studi Manajemen S1, Fakultas Ekonomi Universitas Universitas Pamulang, Tahun 2021. Harga saham merupakan harga penutupan pasar saham selama periode pengamatan untuk tiap-tiap jenis saham yang dijadikan sampel dan pergerakannya senantiasa diamati oleh para investor. Salah satu konsep dasar dalam manajemen keuangan adalah bahwa tujuan yang ingin dicapai manajemen keuangan adalah memaksimalisasi nilai perusahaan. Data penelitian ini menggunakan data sekunder yang diperoleh dari laporan keuangan oleh PT. Bumi Serpong Damai Tbk. Jenis penelitian ini adalah deskriptif dengan analisis kualitatif. Berdasarkan hasil penelitian bahwa Pengaruh Return On Assets (ROA) dan Debt To Equity Ratio (DER) terhadap harga saham PT. Bumi Serpong Damai Tbk memiliki pengaruh yang signifikan dimana nilai Fhitung sebesar 21,261 lebih besar dari Ftabel sebesar 9,550, maka dapat diartikan bahwa Ho ditolak dan Ha diterima. Sehingga dapat disimpulkan bahwa secara simultan Return On Asset (ROA) dan Debt To Equitty Ratio (DER) berpengaruh signifikan terhadap harga saham. Kata Kunci: Return On Asset (ROA), Debt To Equitty Ratio (DER), Harga Saham THE EFFECT OF RETURN ON ASSETS (ROA) ANDDEBT TO EQUITY RATIO (DER) ON STOCK PRICES INPT BUMI SERPONG DAMAI TBK ABSTRACT The Effect of Return On Assets (ROA) And Debt To Equity Ratio (DER) Towards Stock Prices At PT. Bumi Serpong Damai Tbk. S1 Management Study Program, Faculty of Economics, University of Pamulang, 2021. The stock price is the closing price of the stock market during the observation period for each type of stock sampled and its movement is always observed by investors. One of the basic concepts in financial management is that the goal of financial management is to maximize the value of the company. This research data uses secondary data obtained from financial statements by PT. Bumi Serpong Damai Tbk. This type of research is descriptive with qualitative analysis. Based on the results of the study that the Effect of Return On Assets (ROA) and Debt To Equity Ratio (DER) on the stock price of PT. Bumi Serpong Damai Tbk has a significant influence where the Fcount value of 21.261 is greater than Ftable of 9.550, it can be interpreted that Ho is rejected and Ha is accepted. So it can be concluded that simultaneously Return On Assets (ROA) and Debt To Equitty Ratio (DER) have a significant effect on stock prices. Keywords: Return On Asset (ROA), Debt To Equity Ratio (DER), Stock Price
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Mun, Sung Gyun, i SooCheong (Shawn) Jang. "“Understanding restaurant firms” debt-equity financing". International Journal of Contemporary Hospitality Management 29, nr 12 (11.12.2017): 3006–22. http://dx.doi.org/10.1108/ijchm-07-2016-0342.
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Purpose The purpose of this study was to extend the understanding of restaurant firms’ overall debt and equity financing practices by considering what drives equity financing. More importantly, this study attempted to identify whether an optimal financial leverage point exists in the relationship between debt financing and equity financing for restaurant firms. Design/methodology/approach This study used fixed-effects regression models with a sample of 1,549 unbalanced firm-year panel data to identify restaurant firms’ financial practices and the impacts of financial constraints. Findings First, restaurant firms tend to issue long-term debt to pay back existing debt. However, the amount of debt does not exactly match the debt’s maturity. Second, small restaurant firms’ net debt financing, as well as net equity financing, has an inverted-U-shaped relationship with financial leverage. Finally, the effect of financial leverage on external financing significantly differs between small and large restaurant firms. Practical implications Restaurant firms routinely use both debt and equity financing interchangeably to manage their financial constraints and target debt ratio. Further, firm size is an important indicator of financial constraints, while equity financing plays an important role in managing an optimal target debt ratio. Originality/value This study is unique in that it considers determinants of restaurant firms’ long-term debt financing as well as equity financing. This study also examines differences in long-term debt and equity financing practices between financially constrained and unconstrained firms.
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Juwari, Juwari. "DAMPAK PANDEMI COVID-19 PADA KINERJA KEUANGAN PERUSAHAAN SUB SEKTOR FOOD AND BEVERAGE". Jurnal Edueco 5, nr 2 (29.12.2022): 170–78. http://dx.doi.org/10.36277/edueco.v5i2.141.
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The purpose of this study is to determine and analyze financial performance before and during the Covid-19 pandemic based on Current Ratio, Quick Ratio, Debt to Assets Ratio, Debt to Equity Ratio, Net Profit Margin, Return on Equity in Food And Beverage Sub-Sector companies. The data analysis method uses a normality test, namely Shapiro Wilk, and a hypothesis test, namely paired t-test samples. The results of the analysis show that there is no significant difference in terms of liquidity ratios, namely the current ratio, quick ratio, debt to assets ratio, solvency ratio, namely debt to equity ratio, and profitability ratio, namely net profit margin and return on equity. Keywords: Financial Performance, Current Ratio, Quick Ratio, Debt to Assets Ratio, Debt to Equity Ratio, Net Profit Margin, Return on Equity.
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Fadilla, Fadilla, i Lidya Pissatia Asih. "Determinants of Capital Structure Policy at Indonesian Sharia Bank Demang Palembang Branch". Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah 7, nr 2 (23.02.2022): 213–36. http://dx.doi.org/10.36908/isbank.v7i2.316.
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The perpose of this study to aim influece of ROA (return on Asset), ROE (return on equity) dan DER (Debt to equity ratio) to DR (Debt ratio) in Sharia Islamic Banking Demang Lebar Daun Palembang. Analysis of data using multiple regression analysis tools. The result of this study ROA, ROE and DER simultaneosly effect the Debt ratio, but there are no partialy effect ROA dan ROE to Debt ratio, and DER have partialy effect to debt ratio. This study focus on ROA, ROE, DER and Debt ratio. This study usefeul further reseach to discuss about capital structure.
Key word : ROA (return on Asset), ROE (return on equity), DER (Debt to equity ratio) to DR (Debt ratio)
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Septiyani, Yunita Rizka, Kristianingsih Kristianingsih i Muhamad Umar Mai. "Pengaruh Debt to Asset Ratio dan Debt to Equity Ratio terhadap Return on Equity pada Perusahaan Properti dan Real Estate". Indonesian Journal of Economics and Management 1, nr 1 (30.11.2020): 184–94. http://dx.doi.org/10.35313/ijem.v1i1.2428.
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The purpose of this research is to determine the Effect of Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER) to Return On Equity (ROE) of property and real estate companies listed in IDX for 2013-2017 both simultaneously and partially. The used research methods are descriptive and quantitative approaches, with secondary data using IBM SPSS Statistics 23 application tool. There are 40 sample data choosen by purposive sampling. Based on the results of the F test simultaneously Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER) have a significant effect on Return On Equity (ROE). Based on hypothetical testing, the t test bring the result that debt to asset ratio (DAR) has an insignificant effect on return on equity (ROE) variables and Debt to Equity Ratio (DER) has a significant effect on Return on Equity (ROE) variables on property and real estate companies listed in IDX.
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Onoyi, Nona Jane, One Yantri i Diana Titik Windayati. "Pengaruh Return On Equity, Debt to Equity Ratio, Debt to Equity Ratio, Earning Per Share Terhadap Harga Saham". JURNAL MANAJEMEN, ORGANISASI DAN BISNIS (JMOB) 1, nr 4 (28.12.2021): 637–47. http://dx.doi.org/10.33373/jmob.v1i4.3435.
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This research aims to determine the effect of Return On Equity, Debt to Equity Ratio, Net Profit Margin, Earning Per Share on Stock Prices in LQ45 companies listed on the Indonesia Stock Exchange for the 2016-2019 period. The research method uses a quantitative approach. The data used in this research is secondary data. The sample selectionis done by purpose sampling obtained 31 samples of companies. The results showed that partially ROE and EPS variables had a significant effect on stock prices. While the DER and NPM variables partially have no significant effect on stock prices. Simultaneously ROE, DER, NPM and EPS variables have a significant effect on stock prices.