PENGARUH LEVERAGE KEUANGAN TERHADAP PROFITABILITAS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2010-2013

Abstract

The purpose of this research is to examine the influence of finance leverage to profitabitability empirically. The samples of this research consist of 13 manufacture companies which are listed in Indonesia Effect Stock Exchange in 2010-2013 period. The sampling method used is purposive sampling. The data analysis used is double regression and the hypothesis is tested by using t-test and f-test with 5% significant level.The research will examine the influence of Debt to Total Assets (DTA), Debt to Equity Ratio (DER), Times Interest Earned Ratio (TIER) and  Degree of financial Leverage (DFL) towards Return on Assets (ROA). The analysis result shows that the data used in this research has fulfilled the classic assumption as follow: the normal distribution, no multicollinearity, no auto-correlation and no heteroscedasticity.This research concludes that Debt to Total Assets (DTA), Debt to Equity Ratio (DER), Times Interest Earned Ratio (TIER) and Degree of financial Leverage (DFL) variable give a significant result, the researcher get partially result where Times Interest Earned Ratio (TIER) gives the significant influence 0,000, where as Debt to Total Assets (DTA), Debt to Equity Ratio (DER) and Degree of financial Leverage (DFL) don’t give significant influence partially towards Return On Assets (ROA), with R square = 0,722 which means 72,2% of varians Return On Assets (ROA) can be explained by the changing in Debt to Total Assets (DTA), Debt to Equity Ratio (DER), Times Interest Earned Ratio (TIER) and  Degree of financial Leverage (DFL) variable. Even thought the rest, 27,8% is explained by other factors