STRUCTURE ON FINANCIAL PERFORMANCE IN AUTOMOTIVE AND COMPONENTS SUB SECTOR MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2015-2019

Nazariah Nazariah, Ramzijah Ramzijah, Raudhatul Jinan

Abstrak


This study aims to determine the effect of intellectual capital and capital structure on the financial performance of manufacturing companies in the automotive and component sub-sectors listed on the Indonesia Stock Exchange in 2015-2019. The population of this research is all manufacturing companies in the automotive and component sub- sectors listed on the Indonesia Stock Exchange, a total of 13 companies and the samples taken are 12 companies. The data collection technique in this research is the documentation method. The results showed that Intellectual Capital (VAIC) had a positive and insignificant effect on financial performance. This is evidenced by a significant value of 0.062 > 0.05 with a regression coefficient of 0.897. Capital structure has a negative and significant effect on financial performance. This is evidenced by a significant value of 0.00 <0.05 with a multiple linear regression coefficient of 7.539. Based on the F test, the simultaneous Intellectual Capital (VAIC) and Capital Structure (DER) together have an effecton financial performance (ROE). This is evidenced by the Fcount 309,727 > 3.15 at a significant level of 0.00 <0.05.

Keywords: Financial Performance, Intellectual Capital, Capital Structure


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Referensi


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