Nadya Tikanitha Syceria Mulia
Fakultas Ekonomi Jurusan Manajemen STIE Indonesia Jl. Mega Mendung 9 No. 9 Malang

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LEVERAGE KEUANGAN TERHADAP ROE PERUSAHAAN TEKSTIL DI INDONESIA Nadya Tikanitha Syceria Mulia
Jurnal Keuangan dan Perbankan Vol 12, No 2 (2008): May 2008
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (177.132 KB) | DOI: 10.26905/jkdp.v12i2.888

Abstract

The objective of this research was to analyze financial leverage economy conditionand the influence toward Return on Equity (ROE). This research also would like to examinethe difference of ROE from many companies which had lower and higher financial leveragebased on two economic conditions, namely economy in normal condition and in crisis one.The samples were textile companies listed in Indonesia Stock Exchange. Data of this researchwas the financial statement of the firms and Indonesian economic growth conducted from2005 to 2007. The samples were devided into two groups. First group was the companies thatfinancial leverage was lower than the average financial leverage of textile and textile productcompanies, and the other sample was the companies that financial leverage was higher thanaverage financial leverage of textile product companies. Multiple regression analysis wasused to get estimators of parameter. T test and F test were used to examine partially andsimultaneously significance of variables influencing the ROE. T test for two independentsamples was used to examine the significance of the ROE. Research findings showed thatfirst, financial leverage was statistically negative but significance to ROE, but the economicconditon was not statistically significance in influencing ROE. Second, both economic conditionshad positive influence and was not significant to ROE.