PENGARUH DEBT TO EQUITY RATIO, DEBT TO ASSET RATIO, DAN LONG TERM DEBT TO EQUITY RATIO TERHADAP PROFITABILITAS DENGAN DIMODERASI OLEH INTELLECTUAL CAPITAL (Study Perusahaan Real Estate dan Property Terdaftar Di Bursa Efek Indonesia Periode 2016-2020)
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Institusion
Universitas Maritim Raja Ali Haji
Author
Akhiar, Derio
Fatahurrazak, Fatahurrazak
Ardiansyah, Ardiansyah
Fatahurrazak, Fatahurrazak
Ardiansyah, Ardiansyah
Subject
332 Financial Economics, Finance/Ekonomi Keuangan dan Finansial, Ekonomi Biaya dan Pembiayaan
Datestamp
2022-07-26 03:33:48
Abstract :
The ratio is the relationship between one quantity and another. So to assess the condition and financial performance of a company can be done by ratio analysis which is the relationship between the number and comparison of the numbers contained in the posts of financial statements. The purpose of this study was to determine the effect of Debt to Equity Ratio, Debt to Asset Ratio, and Long-term Debt to Equity Ratio on Profitability Moderated by Intellectual Capital (Study of Real Estate and Property Companies Listed on the Indonesia Stock Exchange 2016-2020). The sampling method of this research is purposive sampling and obtained as many as 16 samples that meet the criteria of 46 companies that become observation data. The analytical technique used in this research is Moderated Regression Analysis. The results of this study indicate that the Debt to Equity Ratio variable has no effect on Return on Assets, while the Debt to Asset Ratio, Long-term Debt to Equity Ratio, and Intellectual Capital variables partially affect Return on Assets. Intellectual Capital does not significantly strengthen the effect of Debt to Equity Ratio and Long-term Debt to Equity on Return on Assets and significantly strengthens the effect of Debt to Asset Ratio on Return on Assets. The results of the coefficient of determination test showed that the independent variable, moderating variable, and the interaction of the two variables were able to explain the dependent variable of 87.7%, while the remaining 12.3% was explained by other variables not explained in this study.
The ratio is the relationship between one quantity and another. So to assess the condition and financial performance of a company can be done by ratio analysis which is the relationship between the number and comparison of the numbers contained in the posts of financial statements. The purpose of this study was to determine the effect of Debt to Equity Ratio, Debt to Asset Ratio, and Long-term Debt to Equity Ratio on Profitability Moderated by Intellectual Capital (Study of Real Estate and Property Companies Listed on the Indonesia Stock Exchange 2016-2020). The sampling method of this research is purposive sampling and obtained as many as 16 samples that meet the criteria of 46 companies that become observation data. The analytical technique used in this research is Moderated Regression Analysis. The results of this study indicate that the Debt to Equity Ratio variable has no effect on Return on Assets, while the Debt to Asset Ratio, Long-term Debt to Equity Ratio, and Intellectual Capital variables partially affect Return on Assets. Intellectual Capital does not significantly strengthen the effect of Debt to Equity Ratio and Long-term Debt to Equity on Return on Assets and significantly strengthens the effect of Debt to Asset Ratio on Return on Assets. The results of the coefficient of determination test showed that the independent variable, moderating variable, and the interaction of the two variables were able to explain the dependent variable of 87.7%, while the remaining 12.3% was explained by other variables not explained in this study.
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