Pengaruh Debt to Assets Ratio (DAR) dan Debt to Equity Ratio (DER) Terhadap Return on Equity (ROE) Pada PT. Kalbe Farma yang terdaftar di Bursa Efek Indonesia Periode 2011-2018

Abstract

The purpose of this study was to determine and analyze the Influence of Debt to Assets Ratio (DAR) and Debt to Equity Ratio (DER) To Return On Equity (ROE) at PT. Kalbe FarmaTbk Listed in Indonesia Stock Exchange Period 2011-2018 ". The study population was the annual financial statements of PT. Kalbe FarmaTbk listed on the Indonesia Stock Exchange during the period 201-2018. The sampling technique used is the technique of saturated samples so that the entire population will be samples were taken in the study period from 2011 to 2018 year. The data analysis technique used is multiple linear regression analysis. The results showed that the DAR significant positive effect on ROE, while the test Partial variable DER there is a positive and significant impact on ROE and simultaneously DAR and DER positive and significant impact on ROE, hypothesis testing results DAR and DER obtained probability value of 0.013 and 0011. In the testing stage used an error rate of 0.05. The results obtained show that the probability of each variable alpha is smaller than 0.05 then the decision is Ho refused and Ha is received so that it can be concluded that the debt to assets ratio and debt to equity ratio and significant positive effect on return on equity in PT. Kalbe FarmaTbk listed on the Indonesian stock exchange.