ANALISIS DEBT EQUITY RATIO : PERBANDINGAN INSIDER OWNERSHIP DAN NON INSIDER OWNERSHIP PERUSAHAAN MANUFAKTUR

Abstract

This research is performed in order to test the influence of variable, current ratio, sales growth, return on asset, retained earning and size on Debt to Equity Ratio (DER), comparation study insider ownership and no insider ownership manufacture company in BEI during period 2005-2007. Methodology research as the sample used purposive sampling so we found the sample in this study are 72 company and analysis technic using multilinier regression of ordinary least square, while to examine the difference determining current ratio, sales growth, ROA, retained earning and size on DER comparation study insider ownership and no insider ownership company those are listed in BEI using chow test regression analysis. The result of this research show that in the insider ownership company, retained earning have significance negative and size have significance positif influence on DER. Then, in no insider ownership company, current ratio and retained earning have significance negative while size have significance positif influence on DER. Chow test result indicates there is differences in determining current ratio, sales growth, return on asset, retained earning and size on DER between insider ownership and no insider ownership company.