Pengaruh Leverage Keuangan Terhadap Return on Equity pada PT. Steadfast Marine Tbk yang Terdaftar di Bursa Efek Indonesia

Abstract

The purpose of this study was to determine the effect of DAR and DER partially or simultaneously on ROE at PT. Steadfast Marine, Tbk registered on the IDX. This type of research is causal associative research. The study population is PT Servewell Offshore and PT. Steadfast Marine, Tbk. where PT. Servewell Offshore is a subsidiary. The sample used is the entire financial statements of PT. Steadfast Marine, Tbk, which was Listed on the Indonesia Stock Exchange for the Period of 2009-2018. In this study secondary data was obtained in the form of the company's annual financial statements obtained through the official website of the Indonesia Stock Exchange (IDX). Based on the results of the t-test, the t-value was -2.210 and the t-table value was 2.364 where -2.210 <2.364 with a probability value (Sig.) Of 0.063 which was greater than the significance level of 0.05, so Debt to Assets (DAR) had a negative and insignificant effect. on ROE at PT. Steadfast Marine, Tbk. Tcount value is 3,612 and table value is 2,364 where 3,612> 2,364 with probability value (Sig.) 0,009 which is smaller than the 0.05 significance level. So Debt to Equity (DER) has a positive and significant effect on ROE. And based on the results of the F Test where Fcount> Ftable (11.740> 6.591) and a significance level of 0.006 <0.05. That is, Debt to Asset (DAR), and Debt to Equity (DER) have a positive and significant effect on PT. Steadfast Marine, Tbk Period 2009-2018. While the value of R Square is 0.770. So it can be concluded that the dependent variable ROE is influenced by independent variables (DAR and DER) of 77.0% and the remaining 23% is influenced by other factors not examined in this study.