Effect Of Sales Growth, ROE, ROA and FAR Towards DER in Real Estate And Property Companies In Indonesia Stock Exchange

Abstract

This study aims to analyze the influence of (1) sales growth (2) Return On Equity (ROA) (3) Return On Assets (ROE) and (4) Fixed Asset Ratio (FAR) to Debt to Equity Ratio (DER) in real companies estate and property listed on the Indonesia Stock Exchange. This research is a causative study with a population of all real estate and property companies listed on the Indonesia Stock Exchange (IDX) in 2013-2017 and samples determined by purposive sampling technique based on the criteria of (1) real estate and property companies listed on the IDX, (2 ) companies that publish financial statements during the year of observation and (3) companies that have net income during the year of observation to obtain 65 companies. The type of data used is secondary data and the analytical method used is multiple regression analysis. The results of this study indicate (1) sales growth has a negative and not significant effect on DER (2) ROE has a positive and significant effect on DER (3) ROA has a negative and significant effect on DER, and (4) FAR has a positive and significant effect on DER.