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ABSTRAK

ANALISIS STRUKTUR MODAL TERHADAP KINERJA KEUANGAN


PADA PT SEMUWA TOUR & TRAVEL DI KOTA MAKASSAR. Skripsi
dibimbing oleh DR. Hj. Nurlina,.S.E.,M.M dan Yusra Nginang, S.Pd.,M.Pd.
STIMI YAPMI Makassar.

Penelitian ini bertujuan untuk mengetahui pengaruh struktur modal terhadap


kinerja keuangan pada PT Semuwa Tour & Travel Di Kota Makassar. Stuktur
modal di proksikan dengan Debt to Assets Ratio (X1), Debt to Equity Ratio (X2)
dan Long Term Debt to Equity Ratio (X3). Sedangkan kinerja perusahaan di
proksikan dengan Return on Invesment (Y).Penelitian ini menggunakan data
sekunder yang diperoleh dari Laporan Keuangan perusahan PT Semuwa Tour &
Travel Di Kota Makassar dengan periode 2013-2017. Teknik analisis yang
digunakan adalah regresi berganda untuk menguji pengaruh variabel independen
terhadap variabel dependen. Hasil penelitian menunjukkan bahwa variabel (Debt
to Assets Ratio) DAR dan Debt to Equity Ratio (DER) tidak berpengaruh
signifikan terhadap Return on Investment (ROI) Sementara variabel Debt to
EquityRatio(DER), Long Term Debt to Equity Ratio (LDER) berpengaruh
signifikan terhadap ROI.

Kata kunci : DAR, DER, LDER, dan ROI.

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ABSTRACT

CAPITAL STRUCTURE ANALYSIS OF FINANCIAL PERFORMANCE


IN PT SEMUWA TOUR & TRAVEL IN MAKASSAR CITY. Thesis is
guided by DR. Hj. Nurlina, .S.E., M.M and Yusra Nginang, S.Pd., M.Pd. STIMI
YAPMI Makassar.

This study aims to determine the effect of capital structure on financial


performance at PT Semuwa Tour & Travel in Makassar City. Capital structure is
proxied with Debt to Assets Ratio (X1), Debt to Equity Ratio (X2) and Long
Term Debt to Equity Ratio (X3). While the company's performance is proxied
with Return on Investment (Y). This study uses secondary data obtained from the
financial statements of PT Semuwa Tour & Travel in Makassar City with the
2013-2017 period. The analysis technique used is multiple regression to examine
the effect of independent variables on the dependent variable. The results showed
that the DAR (Debt to Assets Ratio) had a negative and significant effect on ROI.
While the Debt to Equity Ratio (DER) variable, the Long Term Debt to Equity
Ratio (LDER) has a positive and significant effect on ROI.

Keywords: DAR, DER, LDER, and ROI.

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