Erna Setijani_19215283294

INVESTIGASI KEWIRAUSAHAAN SEBAGAI VARIABEL MODERASI KEPUTUSAN STRUKTUR MODALTERHADAP KINERJA KEUANGAN

Erna Setijani
Pudjo Sugito
Chodidjah
Prodi Manajemen Fakultas Ekonomi dan Bisnis Universitas Merdeka Malang
Jl. Terusan Raya Dieng 62-64 Malang, 65146, Indonesia

Korespondensi dengan Penulis:
Pudjo Sugito: Telp.+62 341 568 395; Fax.+62 341 561 448
E-mail: pudjo.sugito@unmer.ac.id

Abstract
This study intends to analyze the role of entrepreneurship as a moderating variable on the effects of capital structure decisions on financial performance. Population, all the small and medium industries (SMEs) in the town of Probolinggo, with a sample set of 100 units of SMEs and data collection using purposive random sampling technique. Data were analyzed using factor analysis in the SEM is used to confirm the most dominant factors in a group of variables and regression weight on the SEM used for confirmatory examine how much the relationship between variables. Furthermore, SEM modeling needs to step (a) the development of a theoretical model, (b) the development path diagram (c) selecting an input matrix and estimation of covariance or correlation models, (d) the possibility of the emergence of problem identification, (e) evaluation criteria of goodness-of-fit and (f) the interpretation and modification of the model. The results showed, capital structure decisions have a significant effect on financial performance. Capital structure decisions have a significant
effect on the financial performance through entrepreneurship moderating variable. Entrepreneurship significant effect on the financial performance.

Keywords: capital structure, entrepreneurship, financial performance

19215283294_Erna Setijani (Full Text)

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