PENGARUH PEMBIAYAAN TINGKAT UTANG PERUSAHAAN TERHADAP KINERJA PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

Zalfa Zafira Priana; Siti Laksmi Maharani

doi:10.55047/transekonomika.v2i2.119

Zalfa Zafira Priana* Fakultas Ekonomi dan Bisnis, Universitas Trisakti
Siti Laksmi Maharani Fakultas Ekonomi dan Bisnis, Universitas Trisakti

DOI: https://doi.org/10.55047/transekonomika.v2i2.119

Keywords: Financial Performance, IDX, Debt Financing, ROA, NPM, Random Securities Model

Abstract

Capital structure is a comparison between long-term debt to the company's capital. Every company aims to maximize the value of the company with the aim of maximizing the value of the company. Therefore, this study was conducted to determine the relationship between corporate debt on the company's performance on the IDX for five years. The independent variables in this study are Short term debt (STDA), Long term debt (LTDA), and Sales Growth (SG) while the dependent variables are Return on assets (ROA) and Net profit margin (NPM). This study uses small square regression and fixed and random effects models to analyze a cross-sectional sample of the food and beverage sector listed on the Indonesia Stock Exchange in the period 2016 - 2020 with a sample size of 19 companies. The results of the study will discuss whether short and Long term debt has an effect on company performance and whether Sales Growth has an effect on company performance.

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