Argeta, Argeta and Putri, Niken Iwani Surya (2013) An Evaluation of the Impact of Capital Structure on Firms’ Performance: A Quantitative Study of Selected NonFinancial Firms Listed on the Indonesia Stock Exchange during the Period 2005-2012. Bachelor thesis, Swiss German University.
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Abstract
Capital structure is an important element for every company and directly affects the firms’ performance and financial position. This study aims to evaluate the impact of capital structure on the performance of non-financial firms listed on the Indonesia Stock Exchange during the period 2005-2012. The data consist of 150 publicly listed non-financial firms from 8 non-financial industries in Indonesia. Panel data for the selected firms were generated and analyzed using both fixed effect model and random effect model using EViews statistical software with Generalized Least Square approach. The result shows that capital structure (DAR) has a significant impact on firms’ performance (ROA, ROE, and GPM) and has no significant impact on EPS. In addition, the result also shows that there is an industry effect on the impact of capital structure on firms’ performance caused by industry differences. Infrastructure, utilities, and transportation industry has the strongest industry effect on the impact of capital structure on firms’ performance.
| Item Type: | Thesis (Bachelor) |
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| Uncontrolled Keywords: | Capital Structure; Firms’ Performance; Fixed Effect Model; Generalized Least Square; Random Effect Model |
| Subjects: | H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation |
| Divisions: | Faculty of Business Administration and Communication > Department of Business Administration |
| Depositing User: | Astuti Kusumaningrum |
| Date Deposited: | 26 Mar 2021 15:52 |
| Last Modified: | 26 Mar 2021 15:52 |
| URI: | http://repository.sgu.ac.id/id/eprint/1218 |
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