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All Journal Journal of Trends Economics and Accounting Research Jurnal Imiah Pengabdian Pada Masyarakat (JIPM) Neptunus: Jurnal Ilmu Komputer dan Teknologi Informasi Pelayanan Unggulan: Jurnal Pengabdian Masyarakat Terapan
Wahyu Putra
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Religion Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

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Journal : Journal of Trends Economics and Accounting Research

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Analisis Pengaruh Leverage dan Profitabilitas Terhadap Struktur Modal Perusahaan Manufaktur Syariah di Indonesia Aulia Septa; Wahyu Putra; Niken Aristania; Dwi Ermayanti
Journal of Trends Economics and Accounting Research Vol 5 No 1 (2024): September 2024
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jtear.v5i1.1401

Abstract

This study analyses the impact of leverage and profitability on the capital structure of Indonesian Sharia manufacturing companies listed in the Jakarta Islamic Index (JII) during the period of 2019-2021. The type of research used is quantitative. The problem of this research is the suboptimality in determining the capital structure, which leads to financial difficulties for the company. The research was conducted in Indonesia involving 16 sharia manufacturing companies as respondents. The analysis method used is multiple linear regression with the assistance of SPSS version 25 to test the effect of leverage and profitability on capital structure. The research results indicate that simultaneously, the calculated F value is 64.098 with a significance value of 0.000, which is less than 0.050. This shows that leverage and profitability have a significant effect on capital structure. However, in the partial analysis, it was found that only leverage has a positive and significant effect on capital structure, with a β1 value of 0.211, which is positive, and a significance value of 0.032 (< 0.05). Meanwhile, the profitability variable shows a negative and significant result on capital structure, with a β2 value of -0.516, which is negative, and a significance value of 0.018, which is less than 0.05. This research suggests that companies should consider the balance between the use of debt and equity in achieving an optimal capital structure, thereby enhancing the value and performance of the company.
Co-Authors Aditya Ahmad Fauzi Andria Rezki Aulia Septa Dwi Ermayanti Epriantravolta Saragih Fithriawan Nugroho Hafidza Zia Niken Aristania Pradhana, Bhagawanta Atyuta Tri Dewi Yuni Utami Yossa Agung Pratama