Implementasi Packing Order Theory pada Industri Manufaktur yang Terdaftar di Bursa Efek Indonesia
Abstract
Tujuan penelitian ini menguji dan menganalisis pengaruh rasio likuiditas, profitabilitas, aktivitas, dan pertumbuhan terhadap struktur modal dengan pendekatan packing order theory. Populasi dalam penelitian ini adalah seluruh perusahaan industri manufaktur yang listing di Bursa Efek Indonesia (BEI) tahun 2013-2015 berjumlah 116 perusahaan dengann 348 data). Penelitian dilakukan secara sampling dengan teknik purposive sampling, diperoleh sampel sebanyak 266 data. Analisis data penelitian dilakukan dengan menggunakan regresi linier berganda least square method. Hasil penelitian membuktikan bahwa secara parsial, likuiditas dan profitabilitas berpengaruh negatif dan signifikan, rasio perputaran berpengaruh positif tidak signifikan, dan rasio pertumbuhan berpengaruh negatip tidak signifikan terhadap struktur modal. Pengujian tersebut membuktikan bahwa likuiditas, profitabilitas dan rasio pertumbuhan mampu membuktikan packing order theory.
Authors who publish in JBE (Jurnal Bingkai Ekonomi) agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.(See The Effect of Open Access)
JBE (Jurnal Bingkai Ekonomi), is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
