ANALISIS PENGARUH PENGGUNAAN FINANCIAL LEVERAGE DAN OPERATING LEVERAGE TERHADAP RETURN ON EQUITY PADA PERUSAHAAN DI SEKTOR PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Basically every company that was established already set targets or goals to be achieved from the beginning. In the development of the business world, which is accompanied by information technology and the rapid development resulted in changes in the competitive development, marketing, management of existing resources that the Company must have good management in terms of processing resources and the ability to fund any of its activities as well as improving performance His company so that the Company's objectives achieved.

This study aims to determine the effec used financial leverage and operating leverage to return on equity. In this study, the authors will focus research on few a company in the industrial sector Mining is listed on the Indonesia Stock Exchange in the period 2009-2012. The tools used to analyze the multiple linear regression analysis.

These research result test t show that the financial leverage negative effects and significantly to return on equity, and operating leverage have no influence against return on equity. While test f showed that dfl and dol there are influence significantly to return on equity.

Companies that use debt as a source, preferably based on a proportion of the debt calculations right, so in the end use of the loan will be profitable for the company. If the user financial leverage and operating leverage profitable for the company revenue will be greater than in other expenses to be paid, this will increase the Company's earnings for a capital that has been invested.Increase of value growth return on equity by adding or enlarge value profit after tax and pressed the capital value of own, to prospect company the better to potentially increasing profits gained company. Increase profit before interest and taxes (EBIT) interest expense and on financial leverage to give a value on profitability more loans to the company.

Keywords : Financial Leverage, Operating Leverage, Return On Equity