s mbs 0807072 table of content
DAFTAR ISI
ABSTRAK ................................................................................................................i
ABSTRACT ...............................................................................................................ii
KATA PENGANTAR ..............................................................................................iii
UCAPAN TERIMA KASIH ...................................................................................iv
DAFTAR ISI .............................................................................................................vii
DAFTAR TABEL ....................................................................................................x
DAFTAR GAMBAR ................................................................................................xi
DAFTAR LAMPIRAN ............................................................................................xii
BAB I PENDAHULUAN ........................................................................................1
1.1
Latar Belakang Penelitian .......................................................................1
1.2
Identifikasi Masalah ................................................................................13
1.3
Rumusan Masalah ...................................................................................14
1.4
Tujuan Penelitian.....................................................................................15
1.5
Kegunaan Penelitian ................................................................................16
BAB II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN DAN
HIPOTESIS ................................................................................................17
2.1
Kajian Pustaka..........................................................................................17
2.1.1
Konsep Pengelolaan Modal Kerja ................................................17
2.1.1.1 Konsep Pengelolaan Modal Kerja dalam Keputusan
Manajemen Keuangan ............................................................17
2.1.1.2 Pengertian Modal Kerja ..........................................................19
2.1.1.3 Pentingnya Modal Kerja .........................................................22
2.1.1.4 Elemen Modal Kerja ...............................................................25
2.1.1.5 Jenis-Jenis Modal Kerja..........................................................27
2.1.1.6 Faktor yang Mempengaruhi Modal Kerja ..............................29
2.1.1.7 Sumber-Sumber Modal Kerja .................................................32
2.1.1.8 Metode Penentuan Jumlah Modal Kerja.................................34
2.1.1.9 Rasio Pengelolaan Modal Kerja .............................................35
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
2.1.1.10 Perputaran Persediaan (Inventory Turnover) ..........................37
2.1.1.11 Rasio Perputaran Persediaan...................................................38
2.1.2
Konsep Kebijakan Hutang ...........................................................41
2.1.2.1 Konsep Kebijakan Hutang dalam Keputusan Pembiayaan
Perusahaan dan Kebijakan Pendanaan....................................41
2.1.2.2 Pengertian Hutang ..................................................................42
2.1.2.3 Macam-macam Hutang ...........................................................44
2.1.2.4 Faktor-faktor Timbulnya Hutang ............................................47
2.1.2.5 Rasio Kebijakan Hutang .........................................................49
2.1.3
Konsep Rentabilitas .....................................................................50
2.1.3.1 Pengertian Rentabilitas ...........................................................50
2.1.3.2 Jenis-Jenis Rentabilitas ...........................................................51
2.1.3.3 Rasio Rentabilitas ...................................................................53
2.1.4 Pengaruh Pengelolaan Modal Kerja dan Kebijakan Hutang
Terhadap Rentabilitas ..................................................................57
2.1.4.1 Pengaruh Pengelolaan Modal Kerja Terhadap Rentabilitas ...57
2.1.4.2 Pengaruh Kebijakan Hutang Terhadap Rentabilitas ...............59
2.1.5 Orisinilitas Penelitian ..................................................................60
2.2
Kerangka Pemikiran .................................................................................67
2.3
Hipotesis...................................................................................................71
BAB III METODE PENELITIAN .........................................................................74
3.1 Objek Penelitian .......................................................................................74
3.2 Metode Penelitian.....................................................................................74
3.2.1
Jenis Penelitian dan Metode yang Digunakan .............................74
3.2.2
Operasionalisasi Variabel.............................................................76
3.2.3
Jenis dan Sumber Data .................................................................78
3.2.4
Populasi dan Sampel ....................................................................79
3.2.4.1 Populasi ..................................................................................79
3.2.4.2 Sampel ....................................................................................79
3.2.5 Teknik Pengumpulan Data ..........................................................80
3.2.6 Rancangan Analisis Data dan Uji Hipotesis................................81
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
3.2.6.1 Rancangan Analisis Data ........................................................81
3.2.6.2 Uji Hipotesis ...........................................................................89
BAB IV HASIL PENELITIAN DAN PEMBAHASAN ........................................91
4.1
Gambaran Objek Penelitian ....................................................................91
4.2
Gambaran Pengelolaan Modal Kerja dan Kebijakan Hutang PT Semen
Gresik Tbk ...............................................................................................92
4.2.1 Gambaran Pengelolaan Modal Kerja PT Semen Gresik Tbk ......92
4.2.2 Gambaran Kebijakan Hutang PT Semen Gresik Tbk .................95
4.3
Gambaran Rentabilitas PT Semen Gresik Tbk .......................................97
4.4
Pengaruh Pengelolaan Modal Kerja dan Kebijakan Hutang Terhadap
Rentabilitas PT Semen Gresik.................................................................100
4.4.1 Pengaruh Pengelolaan Modal Kerja Terhadap Rentabilitas PT
Semen Gresik ..............................................................................108
4.4.2 Pengaruh Kebijakan Hutang Terhadap Rentabilitas PT Semen
Gresik ..........................................................................................110
4.5
Temuan Hasil Penelitian .........................................................................111
4.5.1 Temuan Hasil Penelitian Bersifat Teoritis ..................................111
4.5.2 Temuan Hasil Penelitian Bersifat Empiris ..................................117
4.6
Implikasi Hasil Penelitian Terhadap Pengembangan Pendidikan
Manajemen Bisnis ...................................................................................120
BAB V KESIMPULAN DAN REKOMENDASI ..................................................124
5.1
Kesimpulan..............................................................................................124
5.2
Rekomendasi ...........................................................................................125
DAFTAR PUSTAKA ...............................................................................................128
LAMPIRAN ..............................................................................................................133
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR TABEL
No Tabel
Judul Tabel
Hal
1.1
Data Rentabilitas PT Semen Gresik ............................................
6
1.2
Data Pengelolaan Modal Kerja PT Semen Gresik ......................
9
1.3
Data Kebijakan Hutang PT Semen Gresik ..................................
12
2.1
Hasil Penelitian yang Berkaitan ..................................................
60
3.1
Operasionalisasi Variabel ............................................................
77
3.2
Jenis dan Sumber Data ................................................................
79
3.3
Koefisien Determinasi .................................................................
88
4.1
Data Perputaran Persediaan PT Semen Gresik ...........................
93
4.2
Data Kebijakan Hutang PT Semen Gresik Tbk ..........................
96
4.3
Data Rentabilitas PT Semen Gresik Tbk.....................................
98
4.4
Uji Normalitas .............................................................................
101
4.5
Coefficientsa Uji Multikolinieritas ..............................................
103
4.6
Coefficient Correlationsa Uji Multikolinieritas...........................
103
4.7
Uji Durbin Waston ......................................................................
104
4.8
Coefficientsa Regresi Berganda ...................................................
106
4.9
Uji T Pengelolaan Modal Kerja Terhadap Rentabilitas ..............
108
4.10
Koefisien Determinasi Pengelolaan Modal Kerja Terhadap
Rentabilitas ..................................................................................
109
4.11
Uji T Kebijakan Hutang Terhadap Rentabilitas ..........................
110
4.12
Koefisien Determinasi Kebijakan Hutang Terhadap
Rentabilitas ..................................................................................
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
111
DAFTAR GAMBAR
No Gambar
Judul Gambar
Hal
1.1
Perkembangan Industri Semen ..............................................
1
1.2
Perkembangan Rentabilitas Perusahaan Semen Nasional .....
5
2.1
Neraca Keuangan dan Keputusan Manajemen Keuangan .....
18
2.2
Kerangka Pemikiran ..............................................................
70
2.3
Paradigma Penelitian .............................................................
71
4.1
Perkembangan Rentabilitas PT Semen Gresik Tbk ...............
99
4.2
Kurva Normalitas Data ..........................................................
102
4.3
Normal P-P Plot Of Regression Standardized Residual .......
102
4.4
Scatterplot Uji Heteroskedartisitas ........................................
105
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR LAMPIRAN
Lampiran 1
:
Laporan Keuangan PT Semen Gresik Tbk (Persero) Periode
Tahun 2006-2011
Lampiran 2
:
Hasil
Perhitungan
Regresi
Linear
Berganda
Menggunakan Bantuan Software SPSS 17.0
Lampiran 3
:
Rekapitulasi Bimbingan Skripsi
Lampiran 4
:
Daftar Riwayat Hidup
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
dengan
ABSTRAK ................................................................................................................i
ABSTRACT ...............................................................................................................ii
KATA PENGANTAR ..............................................................................................iii
UCAPAN TERIMA KASIH ...................................................................................iv
DAFTAR ISI .............................................................................................................vii
DAFTAR TABEL ....................................................................................................x
DAFTAR GAMBAR ................................................................................................xi
DAFTAR LAMPIRAN ............................................................................................xii
BAB I PENDAHULUAN ........................................................................................1
1.1
Latar Belakang Penelitian .......................................................................1
1.2
Identifikasi Masalah ................................................................................13
1.3
Rumusan Masalah ...................................................................................14
1.4
Tujuan Penelitian.....................................................................................15
1.5
Kegunaan Penelitian ................................................................................16
BAB II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN DAN
HIPOTESIS ................................................................................................17
2.1
Kajian Pustaka..........................................................................................17
2.1.1
Konsep Pengelolaan Modal Kerja ................................................17
2.1.1.1 Konsep Pengelolaan Modal Kerja dalam Keputusan
Manajemen Keuangan ............................................................17
2.1.1.2 Pengertian Modal Kerja ..........................................................19
2.1.1.3 Pentingnya Modal Kerja .........................................................22
2.1.1.4 Elemen Modal Kerja ...............................................................25
2.1.1.5 Jenis-Jenis Modal Kerja..........................................................27
2.1.1.6 Faktor yang Mempengaruhi Modal Kerja ..............................29
2.1.1.7 Sumber-Sumber Modal Kerja .................................................32
2.1.1.8 Metode Penentuan Jumlah Modal Kerja.................................34
2.1.1.9 Rasio Pengelolaan Modal Kerja .............................................35
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
2.1.1.10 Perputaran Persediaan (Inventory Turnover) ..........................37
2.1.1.11 Rasio Perputaran Persediaan...................................................38
2.1.2
Konsep Kebijakan Hutang ...........................................................41
2.1.2.1 Konsep Kebijakan Hutang dalam Keputusan Pembiayaan
Perusahaan dan Kebijakan Pendanaan....................................41
2.1.2.2 Pengertian Hutang ..................................................................42
2.1.2.3 Macam-macam Hutang ...........................................................44
2.1.2.4 Faktor-faktor Timbulnya Hutang ............................................47
2.1.2.5 Rasio Kebijakan Hutang .........................................................49
2.1.3
Konsep Rentabilitas .....................................................................50
2.1.3.1 Pengertian Rentabilitas ...........................................................50
2.1.3.2 Jenis-Jenis Rentabilitas ...........................................................51
2.1.3.3 Rasio Rentabilitas ...................................................................53
2.1.4 Pengaruh Pengelolaan Modal Kerja dan Kebijakan Hutang
Terhadap Rentabilitas ..................................................................57
2.1.4.1 Pengaruh Pengelolaan Modal Kerja Terhadap Rentabilitas ...57
2.1.4.2 Pengaruh Kebijakan Hutang Terhadap Rentabilitas ...............59
2.1.5 Orisinilitas Penelitian ..................................................................60
2.2
Kerangka Pemikiran .................................................................................67
2.3
Hipotesis...................................................................................................71
BAB III METODE PENELITIAN .........................................................................74
3.1 Objek Penelitian .......................................................................................74
3.2 Metode Penelitian.....................................................................................74
3.2.1
Jenis Penelitian dan Metode yang Digunakan .............................74
3.2.2
Operasionalisasi Variabel.............................................................76
3.2.3
Jenis dan Sumber Data .................................................................78
3.2.4
Populasi dan Sampel ....................................................................79
3.2.4.1 Populasi ..................................................................................79
3.2.4.2 Sampel ....................................................................................79
3.2.5 Teknik Pengumpulan Data ..........................................................80
3.2.6 Rancangan Analisis Data dan Uji Hipotesis................................81
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
3.2.6.1 Rancangan Analisis Data ........................................................81
3.2.6.2 Uji Hipotesis ...........................................................................89
BAB IV HASIL PENELITIAN DAN PEMBAHASAN ........................................91
4.1
Gambaran Objek Penelitian ....................................................................91
4.2
Gambaran Pengelolaan Modal Kerja dan Kebijakan Hutang PT Semen
Gresik Tbk ...............................................................................................92
4.2.1 Gambaran Pengelolaan Modal Kerja PT Semen Gresik Tbk ......92
4.2.2 Gambaran Kebijakan Hutang PT Semen Gresik Tbk .................95
4.3
Gambaran Rentabilitas PT Semen Gresik Tbk .......................................97
4.4
Pengaruh Pengelolaan Modal Kerja dan Kebijakan Hutang Terhadap
Rentabilitas PT Semen Gresik.................................................................100
4.4.1 Pengaruh Pengelolaan Modal Kerja Terhadap Rentabilitas PT
Semen Gresik ..............................................................................108
4.4.2 Pengaruh Kebijakan Hutang Terhadap Rentabilitas PT Semen
Gresik ..........................................................................................110
4.5
Temuan Hasil Penelitian .........................................................................111
4.5.1 Temuan Hasil Penelitian Bersifat Teoritis ..................................111
4.5.2 Temuan Hasil Penelitian Bersifat Empiris ..................................117
4.6
Implikasi Hasil Penelitian Terhadap Pengembangan Pendidikan
Manajemen Bisnis ...................................................................................120
BAB V KESIMPULAN DAN REKOMENDASI ..................................................124
5.1
Kesimpulan..............................................................................................124
5.2
Rekomendasi ...........................................................................................125
DAFTAR PUSTAKA ...............................................................................................128
LAMPIRAN ..............................................................................................................133
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR TABEL
No Tabel
Judul Tabel
Hal
1.1
Data Rentabilitas PT Semen Gresik ............................................
6
1.2
Data Pengelolaan Modal Kerja PT Semen Gresik ......................
9
1.3
Data Kebijakan Hutang PT Semen Gresik ..................................
12
2.1
Hasil Penelitian yang Berkaitan ..................................................
60
3.1
Operasionalisasi Variabel ............................................................
77
3.2
Jenis dan Sumber Data ................................................................
79
3.3
Koefisien Determinasi .................................................................
88
4.1
Data Perputaran Persediaan PT Semen Gresik ...........................
93
4.2
Data Kebijakan Hutang PT Semen Gresik Tbk ..........................
96
4.3
Data Rentabilitas PT Semen Gresik Tbk.....................................
98
4.4
Uji Normalitas .............................................................................
101
4.5
Coefficientsa Uji Multikolinieritas ..............................................
103
4.6
Coefficient Correlationsa Uji Multikolinieritas...........................
103
4.7
Uji Durbin Waston ......................................................................
104
4.8
Coefficientsa Regresi Berganda ...................................................
106
4.9
Uji T Pengelolaan Modal Kerja Terhadap Rentabilitas ..............
108
4.10
Koefisien Determinasi Pengelolaan Modal Kerja Terhadap
Rentabilitas ..................................................................................
109
4.11
Uji T Kebijakan Hutang Terhadap Rentabilitas ..........................
110
4.12
Koefisien Determinasi Kebijakan Hutang Terhadap
Rentabilitas ..................................................................................
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
111
DAFTAR GAMBAR
No Gambar
Judul Gambar
Hal
1.1
Perkembangan Industri Semen ..............................................
1
1.2
Perkembangan Rentabilitas Perusahaan Semen Nasional .....
5
2.1
Neraca Keuangan dan Keputusan Manajemen Keuangan .....
18
2.2
Kerangka Pemikiran ..............................................................
70
2.3
Paradigma Penelitian .............................................................
71
4.1
Perkembangan Rentabilitas PT Semen Gresik Tbk ...............
99
4.2
Kurva Normalitas Data ..........................................................
102
4.3
Normal P-P Plot Of Regression Standardized Residual .......
102
4.4
Scatterplot Uji Heteroskedartisitas ........................................
105
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR LAMPIRAN
Lampiran 1
:
Laporan Keuangan PT Semen Gresik Tbk (Persero) Periode
Tahun 2006-2011
Lampiran 2
:
Hasil
Perhitungan
Regresi
Linear
Berganda
Menggunakan Bantuan Software SPSS 17.0
Lampiran 3
:
Rekapitulasi Bimbingan Skripsi
Lampiran 4
:
Daftar Riwayat Hidup
Megawaty Masfufah, 2012
Analisis Pengelolaan Modal Keraja Dan Kebijakan Hutang Terhadap Rentabilitas
Universitas Pendidikan Indonesia | repository.upi.edu
dengan