STRUKTUR MODAL, PRODUKTIVITAS, DAN PROFITABILITAS SERTA CAPAIAN NILAI PERUSAHAAN

Abstract

The purpose of this study is to investigate and analyze: First, the effect of capital
structure decisions towards the level of productivity of firm. Second, the effect of capital
structure decisions and the level of productivity towards the company's profitability.
Third, the effect of capital structure decisions and profitability towards achievements of
the value of firm. This study conducted at the manufacturing companies went public in
the Indonesia Stock Exchange, with the observation period from 2010 to 2012.
The results showed that the use of debt in the capital structure of firm is proxied total
debt to total asset ratio (leverage) when controlled properly in the sense of caution or
care, it will have a positive impact to the profitability proxy return on equity and value
of the firm. is proxied price to book value. However, manufacturing firms are profitable
in the period 2010 to 2012 in the Indonesia Stock Exchange has a strong tendency to
reduce the portion of debt in their capital structure.