Pengaruh Resiko Bisnis Dan Ukuran Perusahaan Terhadap Return On Asset Dengan Struktur Modal Sebagai Variabel Moderasi Pada Perusahaan Asuransi Yang Terdaftar Di Bursa Efek Indonesia Periode

Abstract

This study was conducted to obtain empirical evidence regarding the effect of business risk and company size on return on assets with capital structure as a moderating variable in insurance companies listed on the Indonesia Stock Exchange for the 2015-2018 period. This study uses secondary data from insurance companies listed on the Indonesia Stock Exchange using a sample of 11 insurance companies. The sampling technique used is purposive sampling. The classic assumption test in this study uses the normality test, multicollinearity test, heteroscedasticity test, autocorrelation test and linearity test. Data analysis on this research uses multiple linear regression analysis, moderation regression analysis, t-test, f and coefficient of determination test. The results of this study indicate that business risk partially has a significant positive effect, while company size does not have a significant effect on Return on Assets. In addition, the capital structure is not able to moderate the effect of business risk and company size on the insurance company's Return on Assets. The results of the simultaneous study of business risk and company size together have a significant influence on the Retrun on Assets of insurance companies listed on the Indonesia Stock Exchange (IDX).