摘要:The purpose of this study is to investigate and analyze: First,the effect of capital structure decisions towards the level of productivity of firm.Second,the effect of capital structure decisions and the level of productivity towards the company's profitability.Third,the effect of capital structure decisions and profitability towards achievements of the value of firm.This study conducted at the manufacturing companies went public in the Indonesia Stock Exchange,with the observation period from 2010 to 2012.The results showed that the use of debt in the capital structure of firm is proxied total debt to total asset ratio (leverage) when controlled properly in the sense of caution or care,it will have a positive impact to the profitability proxy return on equity and value of the firm.is proxied price to book value.However,manufacturing firms are profitable in the period 2010 to 2012 in the Indonesia Stock Exchange has a strong tendency to reduce the portion of debt in their capital structure.
关键词:leverage;total asset turnover;return on investment;price to book value.