Uji Empiris Nisbah Keuangan Leverage, Indebtedness dan Produktivitas sebagai Pembeda Pertumbuhan Earning di Masa Krisis
Abstract
The research focused on the investigation of two variables: interest rate cost and sales, one of
them is able to differentiate positive and negative earnings among firms. Sales level proxies by
productivity ratio and interest rate cost proxies by leverage and indebtedness ratio. Discriminant
analysis was used and the result supported the null hypothesis that indebtedness ratio (proxy for interest rate cost) dominantly differentiates firm with positive earnings from firms with negative
earnings in the period of crisis.
them is able to differentiate positive and negative earnings among firms. Sales level proxies by
productivity ratio and interest rate cost proxies by leverage and indebtedness ratio. Discriminant
analysis was used and the result supported the null hypothesis that indebtedness ratio (proxy for interest rate cost) dominantly differentiates firm with positive earnings from firms with negative
earnings in the period of crisis.
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