PENGARUH STRUKTUR MODAL DAN STRUKTUR KEKAYAAN TERHADAP KINERJA KEUANGAN PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study aims to examine the influence of Capital Structure and Wealth Structure on the
Financial Performance of Telecommunication companies listed on the Indonesia Stock Exchange.
Dependen variable in this research is Financial Performance of company. The company’s Financial
Perfomance is measured by Return On Equity (ROE). The independent variable in this study is the
Capital Structure measured by Debt to Equity Ratio (DER) and Wealth Structure measured by
Current Asset to Fixed Asset (CTF). The population in this study includes all Telecommunication
companies listed on the Indonesia Stock Exchange in 2012-2017 and all populations are taken as
research samples because the number of Telecommunications companies only amounted to 5
companies or saturated samples. Data Analysis is Multiple Linear Regression using panel data or
called panel data regression model.The result of research shows that Capital Structure and Wealth
Structure have positive and significant influence simultaneosly on Financial Performance with
Farithmetic 16,48 at significant level 0,00<0,05. Adjusted-R square value of 0,516 shows the capital
Structure And Wealth Structure is able to explain the Financial Performance of 52% and the
remaining 48% is explained by other variables outside the research model. It is suggested to set the
problem of debt because it does not have a significant effect on Financial Performance while the
liquidity needs to be maintained because it has a significant effect on the Financial Performance of
the company.
Keywords : Capital Structure, Wealth Structure, Financial Performance, Debt To Equity Ratio,
Current Asset To Fixed Asset, Return On Equity.