Pengaruh Struktur Modal dan Perputaran Modal Kerja Terhadap Rentabilitas Modal Sendiri pada Industri Tekstil dan Garmen yang Terdaftar di Bursa Efek Indonesia

Abstract

The purpose of this research is empirically to know the influence of capital structure and working capital turnover to return on equity either partially and simultaneously. Capital structure is measured by debt to equity ratio and working capital turnover is measured by working capital turnover ratio. This research is classified as causal reseach. The populations of this research are textile and garment companies which listed in Indonesian Stock Exchange (IDX) during 2004 to 2008. The samples of this research are 12 textile and garment companies which were selected with certain criterias by purposive sampling method. The data sources of this research are secondary data from publicised annual reports for the 2004-2008 period and from the Indonesian Capital Market Directory 2008. Statistic method uses multiple regression analysis and the model has tested in classic assumption first. The result indicates that DER and WCT have significantly influence to return on equity. Partially, DER and WCT have no influence to return on equity.