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DAFTAR ISI

HALAMAN JUDUL .................................................................................... i

HALAMAN PENGESAHAN ...................................................................... ii

HALAMAN PERSETUJUAN ...................................................................... iii

HALAMAN PERNYATAAN KEASLIAN SKRIPSI ................................. iv

HALAMAN MOTTO DAN PERSEMBAHAN ......................................... v

KATA PENGANTAR ................................................................................... vi

DAFTAR ISI ............................................................................................... ix

DAFTAR TABEL ......................................................................................... xiii

DAFTAR GAMBAR .................................................................................... xiv

DAFTAR LAMPIRAN ................................................................................. xv

ABSTRAKSI ............................................................................................... xvi

ABSTRACT ............................................................................................... xvii

BAB I PENDAHULUAN

1.1 Latar Belakang Masalah ..................................................................... 1

1.2 Perumusan Masalah ............................................................................ 5

1.3 Tujuan Penelitian ................................................................................ 5

1.4 Manfaat Penelitian .............................................................................. 6

BAB II TINJAUAN PUSTAKA

2.1 Landasan Teori ................................................................................... 8

2.1.1 Trade-off Theory ........................................................................ 8

2.1.2 Packing Order Theory ................................................................ 9

2.1.3 Struktur Modal............................................................................. 11

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2.2. Faktor- Faktor yang Mempengaruhi Struktur Modal ......................... 12

2.2.1 Struktur Kepemilikan .................................................................. 12

2.2.2 Profitabilitas ................................................................................ 14

2.2.3 Pertumbuhan Aktiva .................................................................... 15

2.2.4 Ukuran Perusahaan ..................................................................... 16

2.2.5 Resiko Bisnis .............................................................................. 17

2.3 Penelitian Terdahulu .......................................................................... 18

2.4 Kerangka Pemikiran dan Pengembangan Hipotesis ........................... 21

2.4.1 Pengaruh Struktur Kepemilikan Terhadap Struktur Modal......... 23

2.4.2 Pengaruh Profitabilitas Terhadap Struktur Modal....................... 24

2.4.3 Pengaruh Pertumbuhan Aktiva Terhadap Struktur Modal .......... 25

2.4.4 Pengaruh Ukuran Perusahaan Terhadap Struktur Modal ............ 26

2.4.5 Pengaruh Resiko Bisnis Terhadap Struktur Modal ..................... 27

2.5 Kerangka Penelitian ........................................................................... 29

BAB III METODE PENELITIAN

3.1 Jenis Penelitian ................................................................................... 30

3.2 Populasi dan Sampel ........................................................................... 30

3.3 Jenis dan Sumber Data ....................................................................... 31

3.4 Metode Pengumpulan Data ................................................................ 31

3.5 Identifikasi Variabel ........................................................................... 32

3.6 Definisi Operasional dan Pengukuran Variabel ................................. 32

3.6.1 Struktur Modal ............................................................................... 32

3.6.2 Struktur Kepemilikan .................................................................... 33

3.6.3 Profitabilitas ................................................................................... 33

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3.6.4 Pertumbuhan Akiva ....................................................................... 34

3.6.5 Ukuran Perusahaan ........................................................................ 34

3.6.6 Resiko Bisnis ................................................................................. 35

3.7 Metode Analisis Data ......................................................................... 35

3.7.1 Statistik Deskripitif ....................................................................... 35

3.7.2 Uji Asumsi Klasik ......................................................................... 36

3.7. 3.1 Uji Normalitas ....................................................................... 36

3.7.3.2 Uji Multikolonieritas .............................................................. 37

3.7.3.3 Uji Autokorelasi ..................................................................... 37

3.7.3.4 Uji Heterokedastisitas ............................................................ 38

3.7.3 Analisi Regresi Linier Berganda ................................................... 39

3.7.4 Uji Hipotesis ................................................................................. 40

3.7.4.1 Uji Statistik F (Uji Simultan) ................................................ 40

3.7.4.2 Uji Statistik t (Uji Parsial)...................................................... 41

3.7.5 Uji Koefisien Determinasi (R2)...................................................... 41

BAB IV HASIL PENELITIAN DAN PEMBAHASAN

4.1 Gambaran Umum Objek Penelitian .................................................... 43

4.2 Analisis Deskriptif............................................................................... 44

4.2.1 Analisis Statistik Deskriptif ....................................................... 44

4.2.2 Uji Asumsi Klasik ...................................................................... 47

4.2.2.1 Uji Normalitas ................................................................. 47

4.2.2.2 Uji Multikolinieritas....................................................... 50

4.2.2.3 Uji Heteroskedasitas....................................................... 51

4.2.2.4 Uji Autokorelasi ............................................................. 52

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4.2.3 Regresi Linier Berganda............................................................ 53

4.2.4 Pengujian Hipotesis................................................................... 55

4.2.5 Pengujian Signifikan Parameter Simultan................................. 57

4.2.6 Koefisien Determinasi (R2) ....................................................... 58

4.3 Pembahasan ........................................................................................ 59

4.3.1 Pengaruh Struktur Kepemilikan terhadap Struktur Modal ....... 59

4.3.2 Pengaruh Profitabilitas terhadap Struktur Modal ..................... 60

4.3.3 Pengaruh Pertumbuhan Aktiva terhadap Struktur Modal ......... 61

4.3.4 Pengaruh Ukuran Perusahaan terhadap Struktur Modal ........... 61

4.3.5 Pengaruh Resiko Bisnis terhadap Struktur Modal .................... 62

BAB V PENUTUP

5.1 Kesimpulan ......................................................................................... 64

5.2 Saran.................................................................................................... 65

5.3 Keterbatasan ........................................................................................ 65

5.4 Implikasi Penelitian Selanjutnya......................................................... 66

Daftar Pustaka ............................................................................................... 67

Lampiran ....................................................................................................... 69