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.
iii 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.