PENGARUH UKURAN PERUSAHAAN DAN RETURN ON ASSET TERHADAP DEBT TO EQUITY RATIO PADA PERUSAHAAN WHOLESALE DAN RETAIL TRADE YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Penelitian ini bertujuan untuk menguji temuan eksplanatif tentang pengaruh (1) Ukuran Perusahaan dan Return On Asset (ROA) terhadap Debt to Equity Ratio (DER), (2) Ukuran Perusahaan terhadap Debt to Equity Ratio (DER), (3) Return On Asset (ROA) terhadap Debt to Equity Ratio (DER), dan (4) Ukuran Perusahaan terhadap Return On Asset (ROA). Rancangan penelitian yang digunakan adalah kuantitatif kausal. Subjek penelitian ini adalah Perusahaan Wholesale dan Retail Trade yang terdaftar di Bursa Efek Indonesia, dan objek penelitiannya adalah Ukuran Perusahaan, Return On Asset (ROA) dan Debt to Equity Ratio (DER). Data dikumpulkan dengan pencatatan dokumen, dan dianalisis dengan teknik analisis jalur. Hasil penelitian menunjukkan bahwa (1) Ukuran Perusahaan dan Return On Asset (ROA) berpengaruh signifikan terhadap Debt to Equity Ratio (DER) sebesar 68,8%, (2) Ukuran Perusahaan berpengaruh positif dan signifikan terhadap Debt to Equity Ratio (DER) sebesar 53,1%, (3) Return On Asset (ROA) berpengaruh negatif dan signifikan terhadap Debt to Equity Ratio (DER) sebesar -56,8%, dan (4) Ukuran Perusahaan berpengaruh positif dan signifikan terhadap Return On Asset (ROA) sebesar 23,2%.
Kata Kunci : Ukuran Perusahaan, ROA, DER.

The purpose of this research to test explanative findings about the effects of (1) firm size and Return On Asset (ROA) toward Debt to Equity Ratio (DER), (2) firm size toward Debt to Equity Ratio (DER), (3) Return On Asset (ROA) toward Debt to Equity Ratio (DER), and (4) firm size toward Return On Asset (ROA). The research design used was quantitative causal. The subject of this research were Wholesale and Retail Trade Companies which is listed on the Indonesia Stock Exchange, and the object of this research were firm size, Return On Asset (ROA), and Debt to Equity Ratio (DER). The data was obtained by documentation technique, and it’s analyzed by path analysis. The result of this research shows that (1) firm size and Return On Asset (ROA) had significant effect to the Debt to Equity Ratio (DER) about 68,8%, (2) firm size had positive significant effect to the Debt to Equity Ratio (DER) about 53,1%, (3) Return On Asset (ROA) had negative significant effect to the Debt to Equity Ratio (DER) about -56,8%, and (4) firm size had positive significant effect to the Return On Asset (ROA) about 23,2%.
keyword : Firm Size, ROA, DER.