Analisis Faktor-Faktor yang Mempengaruhi Debt to Equity Ratio pada Perusahaan Otomotif yang Terdaftar di Bursa Efek Indonesia
109
DAFTAR PUSTAKA
Asean Automotive Federation. www.asean-autofed.com. 2012
Badan Pusat Statistik. www.bps.go.id. 2012. Jakarta.
Barnae, A. and Rubin, A. 2005.Corporate Social Responsibility as a Conflict
betweenShareholders. Journal of Business Ethics. Volume 97 Nomor 1:
71-86.
Bathala, C. T., Moon, K. P. and Rao, R. P. 1994.Managerial Ownership, Debt
Policy, and the Impact of Institutional Holdings: An Agency Perspective.
Financial Management. Volume 23 Nomor 3: 38-50.
Bursa Efek Indonesia.Indonesian Capital Market Directory. www.idx.co.id
.2006-2012. Jakarta.
Bhayani, S. J. 2009.Impact of Financial Leverage on Cost of Capital and
Valuation of Firm: A Study of Indian Cement Industry. Paradigm l.
Volume 13 Nomor 2: 43-51.
Boateng A. 2004. Determinants of Capital Structure: Evidence from International
Joint Ventures in Ghana. International Journal of Social Economics.
Volume 31 Nomor 1/2: 56-66.
Brigham, E. F. 1983. Fundamentals of Financial Management. Third Edition.
Holt-Sounders Japan: The Dryden Press.
Brigham, E. F. and Houston, J. F. 2001. Manajemen Keuangan. Edisi
Delapan. Jakarta: Erlangga.
Chen, J.J. 2004. Determinants of Capital Structure of Chinese-Listed Companies.
Journal ofBusiness Research. Volume 57: 1341-1351.
Chen, Q., Goldstein, I. and Jiang, W. 2006. Price Informativeness and
Investments Sensitivity to Stock Price. The Review of Financial Studies.
Volume 20: 619-650.
Fabozzi, F.J. and Peterson, P. 2000. Financial Management and Analysis. Second
Edition. New Jersey: Prentice Hall.
Fakhruddin, H. M. 2008. Go Public : Strategi Pendanaan dan Peningkatan Nilai
Perusahaan. Jakarta: PT Elex Media Komputindo.
Universitas Sumatera Utara
110
Froot, K. A., Scharfstein, D. S.,and Stein, J. C. 2005. Risk Management:
Coordinating Corporate Investment and Financing Policies. Journal of
Finance. Volume 48 Nomor 5: 1629-1658.
Gabungan Industri Kendaraan Bermotor Indonesia, 2012. Jakarta,
Gaud P., Jani E., Hoesli M., and Bender A. 2005. The Capital Structure of Swiss
Companies : an Empirical Analysis Using Dynamic Panel Data.
European Financial Management. Volume 11 Nomor 1: 51-69.
Ghozali, I. 2006. Aplikasi Analisis Multivariate dengan Program SPSS, Cetakan
IV. Semarang : Badan Penerbit Universitas Diponegoro.
Glen, J., and Pinto, B. 1994. Debt or equity? How Firms in Developing Countries
Choose. International Finance Corporation Discussion Paper. Volume 1
Nomor 22.
Hadianto, B. 2008. Pengaruh Struktur Aktiva, Ukuran Perusahaan, dan
Profitabilitas Terhadap Struktur Modal Emiten Sektor Telekomunikasi
Periode 2000-2006: Sebuah Pengujian Hipotesis Pecking Order. Jurnal
Manajemen. Volume 7 Nomor 2: 14-29.
Harahap, S. S. 2010. Analisis Kritis atas Laporan Keuangan. Edisi Satu. Jakarta:
Raja Grafindo Persada.
Harris, M., and A. Raviv, (1991). The Theory of Capital Structure. Journal of
Finance. Volume 46 Nomor 2: 297- 355.
Higgins, R. C. 2004. Analysis For Financial Management. New York: Mc Graw
Hill.
Husnan, S. 1996. Manajemen Keuangan Teori dan Penerapan Keputusan Jangka
Panjang. Edisi 4.Yogyakarta: BPFE.
________. 1998. Dasar-Dasar Teori Portofolio dan Analisis Sekuritas. Edisi
Kedua. Yogyakarta: UUP-AMP YKPN.
Husnan, S. dan Pudjiastuti. 2004. Dasar-dasar Manajemen Keuangan. Edisi
Empat. Yogyakarta: UPP AMP YKPN.
Indahningrum, R. P. dan Handayani, R. 2009.Pengaruh Kepemilikan
Manajerial,Kepemilikan Institusional, Dividen,Pertumbuhan Perusahaan,
Free CashFlow dan Profitabilitas TerhadapKebijakan Hutang
Perusahaan. Jurnal Bisnis dan Akuntansi. Volume 11 Nomor 3: 189-207.
Joni dan Lina. 2010. Faktor-Faktor yang MempengaruhiStruktur Modal. Jurnal
Bisnis dan Akuntansi. Volume 12 Nomor 2: 81-96.
Universitas Sumatera Utara
111
Kaaro, H. 2003. Keputusan Pendanaan dan Keputusan Investasi Berbasis Peluang
Investasi dan Kendala Keuangan : Pembuktian Empiris dalam Kondisi
Normal dan Kondisi Krisis. Jurnal Ekonomi dan Bisnis (Dian Ekonomi).
Volume9 Nomor 1: 15 34.
Karadeniz, E., Kandir, S.Y., Mehmet, B. and Onal, Y.B. 2009. Determinants of
Capital Structure: Evidence from Turkish Lodging Companies.
International Journal of Contemporary Hospitality. Volume 21 Nomor 5:
594-609.
Kasmir. 2010. Analisis Laporan Keuangan. Cetakan Ketiga. Jakarta: Raja
Grafindo Persada.
Kester, W. C. 1986. Capital and Ownership Structure: A Comparison of United
States and Japanese Manufacturing Corporations. Financial
Management. Volume 15 Nomor 1: 5-16.
Lee, I. C.,Rosenstein, R., Rangan, N.and Davidson III, W.N. 1992. Board
Composition and Shareholder Wealth: The Case of Management
Buyouts.Financial Management. Volume 21 Nomor 1:58-72.
Lubis, A. F. 2012. Metode Penelitian Akuntansi dan Format Penulisan Tesis.
Terbitan pertama. Medan: USU Press.
Marsh, P. (1982), The Choice Between Equity and Debt: An Empirical Study.
Journal of Finance. Volume 37 Nomor 1: 121-44.
Mayangsari, S. 2001. Analisis Faktor-Faktor yang Mempengaruhi Keputusan
Pendanaan Perusahaan : Pengujian Pecking Order Hypothesis. Media
Riset Akuntansi, Auditing dan Informasi. Volume 1 Nomor 3: 1 26.
Modigliani, F. and Miller, M. H. 1958. The Cost of Capital, Corporation Finance
and The Theory of Investment. American Economic Review. Volume 48
Nomor 3: 261 297.
Munawir, S. 2010. Analisis Laporan Keuangan. Edisi Keempat Cetakan Kelima
Belas. Yogyakarta: Liberty Yogyakarta.
Myers, S. C. 1977. Determinants of Corporate Borrowing.Journal of Financial
Economics. Volume 5 Nomor 2:147 175.
Nanok, Y. 2008. Capital Structure Determinant di Indonesia. Jurnal Akuntabilitas.
Volume 7 Nomor 2: 122-127.
Niu, X. 2008. Theoretical and Practical Review ofCapital Structure and its
Determinants. International Journal of Business and Management.
Volume 3 Nomor 3: 133-139.
Universitas Sumatera Utara
112
Narita, R. M. 2012. Analisis Kebijakan Hutang.Accounting Analysis Journal.
Volume 1 Nomor 2: 1-6.
Oxford. 2010. Oxford Advanced Learner's Dictionary, 8th edition CD-ROM. New
York: Oxford University Press.
Ozkan, A. 2001. Determinants of Capital Structure and Adjustment to Long Run
Target:Evidence from UK Company Panel Data.Journal of Business
Finance and Accounting. Volume 28: 175-199.
Padron Y.G., Apolinario R.M.C., Santana O.M, Conception M, Martel V. and
Sales L.J. 2005. Determinant factors of leverage: an empirical analysis of
Spanish corporations.Journal of Risk Finance. Volume 6 Nomor 1:60-68.
Pietrovito, F. 2009. Investment Decisions, Price-Earnings Ratios and Finance:
Evidence from Firm-Level Data. SSRN Electronic Journal. Volume
7/2009: 1-39.
Prabansari, Y. dan Kusuma, H. 2005. Faktor-faktor yang Mempengaruhi
StrukturModal Perusahaan Manufaktur Go Public di Bursa Efek Jakarta.
Journal Sinergi. Edisi khusus on Finance: 1-15.
Prawirosentono, S. 2002. Pengantar Bisnis Modern : Studi Kasus Indonesia dan
Analisis Kuantitatif. Jakarta: Bumi Aksara.
Republik Indonesia. 2007. Undang-Undang Nomor 40 Tahun 2007 tentang
Perseroan Terbatas, Jakarta.
Rodoni, A. dan Ali, H. 2010. Manajemen Keuangan. Edisi Pertama. Jakarta:
MitraWacana Media.
Rusdin. 2006. Pasar Modal: Teori, Masalah dan Kebijakan dalam Praktik.
Bandung: Alfabeta.
Sabir, M. and Malik, A. Q. 2012. Determinants of Capital Structure A Study of
Oil and Gas Sector of Pakistan. InterdisciplinaryJournal of
Contemporary Research in Business. Volume 3 Nomor 10: 395-400.
Santoso, S. 2003. Statistik Deskriptif: Konsep dan Aplikasi dengan Microsoft
Excel dan SPSS. Yogyakarta : Andi Offset.
Sartono, A. 2001. Manajemen Keuangan Teori dan Aplikasi. Edisi Empat.
Yogyakarta: BPFE.
Sekaran, U. 2003. Research Methods for Business; A Skill Building
Approach.Second Edition. New York: John Wiley and Sons, Ltd.
Universitas Sumatera Utara
113
Shiller, R. J. and Pound, J. 1989. Survey Evidence on Difussion of Interest and
Information Among Investors. Journal of Economic Behavior and
Organization.Volume 12: 47-66.
Sularso, S. 2004. Metode Penelitian Akuntansi; Sebuah Pendekatan Replikasi.
Surakarta: Universitas Negeri Sebelas Maret.
Sundjaya, R. S. dan Barlian, I. 2002. Manajemen Keuangan. Edisi Ketiga. Jilid 2.
Jakarta: PT Prenhallindo.
Sujono dan Soebiantoro, U. 2007. Pengaruh Struktur Kepemilikan Saham,
Leverage, Faktor Intern dan Faktor Ekstern Terhadap Nilai Perusahaan
(Studi Empirik pada Perusahaan Manufaktur dan Non Manufaktur di
Bursa Efek Jakarta). Jurnal Manajemen dan Kewirausahaan. Volume 9
Nomor 1: 43-47.
Syamsudin, L. 2007. Manajemen Keuangan Perusahaan.Jakarta: Raja Grafindo
Persada.
Thadewald, T. and Büning, H. 2004. Jarque-Bera test and its competitors for
testing normality: A power comparison. Paper: Economics.School of
Business & Economics Discussion. Nomor 2004/9.
Ting, I. W. K. and Lean, H. H.2011. Capital Structure of Government-Linked
Companies in Malaysia. Asian Academy of Management Journal of
Accounting and Finance. Volume. 7 Nomor 2: 137-156.
Titman, S., and Wessels, R. 1988. The Determinants of Capital Structure Choice.
Journal of Finance. Volume 43 Nomor 1:1 19.
Umar, H. 2007. Metode Penelitian untuk Skripsi dan Tesis Bisnis. Jakarta: PT
Raja Grafindo Persada.
Verbeek, M.2004. A Guide to Modern Econometrics. 2nd edition. England: John
Wiley & Sons, Ltd.
Wiwattanakantang, Y. 1999. An Empirical Study on The Determinants of The
Capital Structure of Thai Firms. Pacific-Basin Finance Journal.
Volume7: 371-403.
Universitas Sumatera Utara
DAFTAR PUSTAKA
Asean Automotive Federation. www.asean-autofed.com. 2012
Badan Pusat Statistik. www.bps.go.id. 2012. Jakarta.
Barnae, A. and Rubin, A. 2005.Corporate Social Responsibility as a Conflict
betweenShareholders. Journal of Business Ethics. Volume 97 Nomor 1:
71-86.
Bathala, C. T., Moon, K. P. and Rao, R. P. 1994.Managerial Ownership, Debt
Policy, and the Impact of Institutional Holdings: An Agency Perspective.
Financial Management. Volume 23 Nomor 3: 38-50.
Bursa Efek Indonesia.Indonesian Capital Market Directory. www.idx.co.id
.2006-2012. Jakarta.
Bhayani, S. J. 2009.Impact of Financial Leverage on Cost of Capital and
Valuation of Firm: A Study of Indian Cement Industry. Paradigm l.
Volume 13 Nomor 2: 43-51.
Boateng A. 2004. Determinants of Capital Structure: Evidence from International
Joint Ventures in Ghana. International Journal of Social Economics.
Volume 31 Nomor 1/2: 56-66.
Brigham, E. F. 1983. Fundamentals of Financial Management. Third Edition.
Holt-Sounders Japan: The Dryden Press.
Brigham, E. F. and Houston, J. F. 2001. Manajemen Keuangan. Edisi
Delapan. Jakarta: Erlangga.
Chen, J.J. 2004. Determinants of Capital Structure of Chinese-Listed Companies.
Journal ofBusiness Research. Volume 57: 1341-1351.
Chen, Q., Goldstein, I. and Jiang, W. 2006. Price Informativeness and
Investments Sensitivity to Stock Price. The Review of Financial Studies.
Volume 20: 619-650.
Fabozzi, F.J. and Peterson, P. 2000. Financial Management and Analysis. Second
Edition. New Jersey: Prentice Hall.
Fakhruddin, H. M. 2008. Go Public : Strategi Pendanaan dan Peningkatan Nilai
Perusahaan. Jakarta: PT Elex Media Komputindo.
Universitas Sumatera Utara
110
Froot, K. A., Scharfstein, D. S.,and Stein, J. C. 2005. Risk Management:
Coordinating Corporate Investment and Financing Policies. Journal of
Finance. Volume 48 Nomor 5: 1629-1658.
Gabungan Industri Kendaraan Bermotor Indonesia, 2012. Jakarta,
Gaud P., Jani E., Hoesli M., and Bender A. 2005. The Capital Structure of Swiss
Companies : an Empirical Analysis Using Dynamic Panel Data.
European Financial Management. Volume 11 Nomor 1: 51-69.
Ghozali, I. 2006. Aplikasi Analisis Multivariate dengan Program SPSS, Cetakan
IV. Semarang : Badan Penerbit Universitas Diponegoro.
Glen, J., and Pinto, B. 1994. Debt or equity? How Firms in Developing Countries
Choose. International Finance Corporation Discussion Paper. Volume 1
Nomor 22.
Hadianto, B. 2008. Pengaruh Struktur Aktiva, Ukuran Perusahaan, dan
Profitabilitas Terhadap Struktur Modal Emiten Sektor Telekomunikasi
Periode 2000-2006: Sebuah Pengujian Hipotesis Pecking Order. Jurnal
Manajemen. Volume 7 Nomor 2: 14-29.
Harahap, S. S. 2010. Analisis Kritis atas Laporan Keuangan. Edisi Satu. Jakarta:
Raja Grafindo Persada.
Harris, M., and A. Raviv, (1991). The Theory of Capital Structure. Journal of
Finance. Volume 46 Nomor 2: 297- 355.
Higgins, R. C. 2004. Analysis For Financial Management. New York: Mc Graw
Hill.
Husnan, S. 1996. Manajemen Keuangan Teori dan Penerapan Keputusan Jangka
Panjang. Edisi 4.Yogyakarta: BPFE.
________. 1998. Dasar-Dasar Teori Portofolio dan Analisis Sekuritas. Edisi
Kedua. Yogyakarta: UUP-AMP YKPN.
Husnan, S. dan Pudjiastuti. 2004. Dasar-dasar Manajemen Keuangan. Edisi
Empat. Yogyakarta: UPP AMP YKPN.
Indahningrum, R. P. dan Handayani, R. 2009.Pengaruh Kepemilikan
Manajerial,Kepemilikan Institusional, Dividen,Pertumbuhan Perusahaan,
Free CashFlow dan Profitabilitas TerhadapKebijakan Hutang
Perusahaan. Jurnal Bisnis dan Akuntansi. Volume 11 Nomor 3: 189-207.
Joni dan Lina. 2010. Faktor-Faktor yang MempengaruhiStruktur Modal. Jurnal
Bisnis dan Akuntansi. Volume 12 Nomor 2: 81-96.
Universitas Sumatera Utara
111
Kaaro, H. 2003. Keputusan Pendanaan dan Keputusan Investasi Berbasis Peluang
Investasi dan Kendala Keuangan : Pembuktian Empiris dalam Kondisi
Normal dan Kondisi Krisis. Jurnal Ekonomi dan Bisnis (Dian Ekonomi).
Volume9 Nomor 1: 15 34.
Karadeniz, E., Kandir, S.Y., Mehmet, B. and Onal, Y.B. 2009. Determinants of
Capital Structure: Evidence from Turkish Lodging Companies.
International Journal of Contemporary Hospitality. Volume 21 Nomor 5:
594-609.
Kasmir. 2010. Analisis Laporan Keuangan. Cetakan Ketiga. Jakarta: Raja
Grafindo Persada.
Kester, W. C. 1986. Capital and Ownership Structure: A Comparison of United
States and Japanese Manufacturing Corporations. Financial
Management. Volume 15 Nomor 1: 5-16.
Lee, I. C.,Rosenstein, R., Rangan, N.and Davidson III, W.N. 1992. Board
Composition and Shareholder Wealth: The Case of Management
Buyouts.Financial Management. Volume 21 Nomor 1:58-72.
Lubis, A. F. 2012. Metode Penelitian Akuntansi dan Format Penulisan Tesis.
Terbitan pertama. Medan: USU Press.
Marsh, P. (1982), The Choice Between Equity and Debt: An Empirical Study.
Journal of Finance. Volume 37 Nomor 1: 121-44.
Mayangsari, S. 2001. Analisis Faktor-Faktor yang Mempengaruhi Keputusan
Pendanaan Perusahaan : Pengujian Pecking Order Hypothesis. Media
Riset Akuntansi, Auditing dan Informasi. Volume 1 Nomor 3: 1 26.
Modigliani, F. and Miller, M. H. 1958. The Cost of Capital, Corporation Finance
and The Theory of Investment. American Economic Review. Volume 48
Nomor 3: 261 297.
Munawir, S. 2010. Analisis Laporan Keuangan. Edisi Keempat Cetakan Kelima
Belas. Yogyakarta: Liberty Yogyakarta.
Myers, S. C. 1977. Determinants of Corporate Borrowing.Journal of Financial
Economics. Volume 5 Nomor 2:147 175.
Nanok, Y. 2008. Capital Structure Determinant di Indonesia. Jurnal Akuntabilitas.
Volume 7 Nomor 2: 122-127.
Niu, X. 2008. Theoretical and Practical Review ofCapital Structure and its
Determinants. International Journal of Business and Management.
Volume 3 Nomor 3: 133-139.
Universitas Sumatera Utara
112
Narita, R. M. 2012. Analisis Kebijakan Hutang.Accounting Analysis Journal.
Volume 1 Nomor 2: 1-6.
Oxford. 2010. Oxford Advanced Learner's Dictionary, 8th edition CD-ROM. New
York: Oxford University Press.
Ozkan, A. 2001. Determinants of Capital Structure and Adjustment to Long Run
Target:Evidence from UK Company Panel Data.Journal of Business
Finance and Accounting. Volume 28: 175-199.
Padron Y.G., Apolinario R.M.C., Santana O.M, Conception M, Martel V. and
Sales L.J. 2005. Determinant factors of leverage: an empirical analysis of
Spanish corporations.Journal of Risk Finance. Volume 6 Nomor 1:60-68.
Pietrovito, F. 2009. Investment Decisions, Price-Earnings Ratios and Finance:
Evidence from Firm-Level Data. SSRN Electronic Journal. Volume
7/2009: 1-39.
Prabansari, Y. dan Kusuma, H. 2005. Faktor-faktor yang Mempengaruhi
StrukturModal Perusahaan Manufaktur Go Public di Bursa Efek Jakarta.
Journal Sinergi. Edisi khusus on Finance: 1-15.
Prawirosentono, S. 2002. Pengantar Bisnis Modern : Studi Kasus Indonesia dan
Analisis Kuantitatif. Jakarta: Bumi Aksara.
Republik Indonesia. 2007. Undang-Undang Nomor 40 Tahun 2007 tentang
Perseroan Terbatas, Jakarta.
Rodoni, A. dan Ali, H. 2010. Manajemen Keuangan. Edisi Pertama. Jakarta:
MitraWacana Media.
Rusdin. 2006. Pasar Modal: Teori, Masalah dan Kebijakan dalam Praktik.
Bandung: Alfabeta.
Sabir, M. and Malik, A. Q. 2012. Determinants of Capital Structure A Study of
Oil and Gas Sector of Pakistan. InterdisciplinaryJournal of
Contemporary Research in Business. Volume 3 Nomor 10: 395-400.
Santoso, S. 2003. Statistik Deskriptif: Konsep dan Aplikasi dengan Microsoft
Excel dan SPSS. Yogyakarta : Andi Offset.
Sartono, A. 2001. Manajemen Keuangan Teori dan Aplikasi. Edisi Empat.
Yogyakarta: BPFE.
Sekaran, U. 2003. Research Methods for Business; A Skill Building
Approach.Second Edition. New York: John Wiley and Sons, Ltd.
Universitas Sumatera Utara
113
Shiller, R. J. and Pound, J. 1989. Survey Evidence on Difussion of Interest and
Information Among Investors. Journal of Economic Behavior and
Organization.Volume 12: 47-66.
Sularso, S. 2004. Metode Penelitian Akuntansi; Sebuah Pendekatan Replikasi.
Surakarta: Universitas Negeri Sebelas Maret.
Sundjaya, R. S. dan Barlian, I. 2002. Manajemen Keuangan. Edisi Ketiga. Jilid 2.
Jakarta: PT Prenhallindo.
Sujono dan Soebiantoro, U. 2007. Pengaruh Struktur Kepemilikan Saham,
Leverage, Faktor Intern dan Faktor Ekstern Terhadap Nilai Perusahaan
(Studi Empirik pada Perusahaan Manufaktur dan Non Manufaktur di
Bursa Efek Jakarta). Jurnal Manajemen dan Kewirausahaan. Volume 9
Nomor 1: 43-47.
Syamsudin, L. 2007. Manajemen Keuangan Perusahaan.Jakarta: Raja Grafindo
Persada.
Thadewald, T. and Büning, H. 2004. Jarque-Bera test and its competitors for
testing normality: A power comparison. Paper: Economics.School of
Business & Economics Discussion. Nomor 2004/9.
Ting, I. W. K. and Lean, H. H.2011. Capital Structure of Government-Linked
Companies in Malaysia. Asian Academy of Management Journal of
Accounting and Finance. Volume. 7 Nomor 2: 137-156.
Titman, S., and Wessels, R. 1988. The Determinants of Capital Structure Choice.
Journal of Finance. Volume 43 Nomor 1:1 19.
Umar, H. 2007. Metode Penelitian untuk Skripsi dan Tesis Bisnis. Jakarta: PT
Raja Grafindo Persada.
Verbeek, M.2004. A Guide to Modern Econometrics. 2nd edition. England: John
Wiley & Sons, Ltd.
Wiwattanakantang, Y. 1999. An Empirical Study on The Determinants of The
Capital Structure of Thai Firms. Pacific-Basin Finance Journal.
Volume7: 371-403.
Universitas Sumatera Utara