PENGARUH PROFITABILITAS TERHADAP STRUKTUR MODAL PERUSAHAAN PERTAMBANGAN SUBSEKTOR BATUBARA YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012 – 2017

Abstract

panel. Hasil Abstract This study aims to analyze the effect of profitability as measured by return on equity (ROE) and return on assets (ROA) on capital structure (DER). This research uses a quantitative approach with a causality design. The research was conducted at coal mining sub-sector companies listed on the Indonesia Stock Exchange for the period 2012 - 2017. The sample selection used a purposive sampling method in order to obtain 22 sample companies. The research data is secondary data, namely audited financial reports and obtained through the official website of the Indonesia Stock Exchange. The hypothesis was tested using the panel data regression method. The analysis found that the profitability ratio as measured by ROE has a negative effect on capital structure, while ROA has a positive effect on capital structure.