The Effect of Human Capital , Total Assets , Total Liabilities on the Net Income of a Company |

The problem in this study is that every company wants low costs and high profits for the company, every employee wants a high salary/wages for payment of performance, also how much influence the assets and debts of the company in providing net profit for the company. This study aims to determine the effect of Human Capital, Total Assets and Total Liabilities on the company's Net Profit in companies listed on the Indonesia Stock Exchange LQ-45 index. The sampling method used was purposive sampling, with a total sample of 27 companies, for 2017-2018 there were 54 samples. The results show that Human Capital, Total Liabilities and Total Assets simultaneously have a significant effect on company net income.

INTRODUCTION make a net income. Due to the existence of large assets, something that the company uses in trying to get a profit will be even greater.
Asian Umobong's research (2015) found that debt affects the growth of company profits, with the growth of company profits, there is an opportunity to maximize the company's net profit. Companies that have gone public definitely need additional funds or capital for their operational activities. In this study, the variable used is debt. According to Herispon, to get funds, it can be through external sources, such as debt. Debt is all the company's financial obligations to other parties that have not been fulfilled where this debt is a source of funds or company capital that comes from creditors (Herispon, 2016). With corporate debt, you can buy assets or anything that can be used by the company to create profits for the company. the. This research is a replication of research by Olayinka Akinlo & and John Olayiwola (2017) entitled "human capital reporting and corporate earnings: evidence from Nigeria". The difference between this study and previous research is that this study does not use the share prices variable, the indicators used for the human capital variable are salaries and wages only, population and research samples, company data sources.

RESEARCH METHODS
This research is quantitative, the research was conducted on the financial statements of companies in IHSG which are listed in the LQ-45 index for 2017-2018. There was a sample of 32 companies after being selected with various criteria, then analyzed using SPSS in multiple linear regression analysis.

Figure 1. Framework Thinking
Here are the sampling method based on the aims and objectives of the study with the following criteria:

RESULTS AND DISCUSSION
The sample of this study is a company registered in LQ-45 and fulfills the criteria in this study. The following is a The table above explains that 32 companies were selected as research samples after undergoing a selection process based on predetermined criteria. There were 32 companies out of 45 companies that were still listed on the LQ-45 Index during that year, then there were 2 companies that did not publish annual reports consistently and clearly in the 2017-2018 period on the Indonesia Stock Exchange, so the salaries and wages data of these companies did not It can be seen, there is 1 company that experienced negative net profit during the 2017-2018 period. Furthermore, there are 32 companies left after making the selection.  Based on the table aboive, it can be concluded that the residual is random or there is no autocorrelation between residual values because the significance exceeds α = 0.05.  It is known that all independent variables (HCC, TL and TA) have a Sig level above 0.05. In the regression model there is no heteroscedasticity problem. The calculated R2 coefficient (coefficient of determination) is 0.846 (84.6%). This magnitude indicates the effectiveness of the regression line obtained in explaining variations in the dependent variable on Net Income (TE). These results can be concluded that the ability of the independent variable Human Capital (HCC), Total Liabilities (TL) and Total Assets (TA) affects Net Profit (TE) by 84.6%. Based on the hypothesis test of the effect of Total Liabilities (TL) (X2) on Net Income (TE) (Y), it is found that the Sig value of TL is 0,000. If the significance value <0.05. It means that partially the independent variable Total Liabilities has a significant effect on the dependent variable Net Income.

One-Sample Kolmogorov-Smirnov Test
Based on the hypothesis test of the effect of Total Assets (TA) (X3) on Net Profit (TE) (Y), it is found that the Sig value of the variable TA is 0,000. It means that Total Assets has a significant effect on the dependent variable Net Income. The table shows that the sig value is 0,000 or less than 0.005. If the significance value <0.05. It means that the independent variable simultaneously has a significant effect on the dependent variable.

The Effect of Human Capital (HCC) (X1) on Net Income (TE)
Hypothesis 1 test, the test results show the regression coefficient value of the Human Capital variable (HCC) of 1.491 where this identifies that if there is an increase and decrease in the value of the Human Capital variable (HCC), then the value of Net Profit (TE) will increase or decrease by 1.491 with other variable assumptions remain. This means that if the value of the Human Capital (HCC) variable increases by 1, then Net Profit (TE) will increase by 1.491 and vice versa if the value of the Human Capital (HCC) variable decreases by 1, then Net Profit (TE) will decrease by 1.491.
Based on the hypothesis test of the effect of Human Capital (HCC) (X1) on Net Profit (TE) (Y), it was found that the Sig value of the HCC variable was 0,000. meaning that H1 is accepted, it can be concluded that the Human Capital (HCC) (X1) variable has a significant effect on Net Income. The results of this study are in line with the research of Akinlow Olayiowola (2017) which states that Human Capital with indicators of salaries and wages has a significant effect on company net income.
Based on the results of the study, it shows that Human Capital has a positive regression coefficient value on Net Income, the condition of Human Capital is considered to be one of the causes of increased profits, so the higher the salary and wages given by the company, the higher the net profit that will be received by the company.

The Effect of Total Liabilities (TL) (X2) on Net Profit (TE)
Hypothesis test 2, the test results show the value of the Total Liabilities (TL) variable regression coefficient of -0.183 where it identifies that if there is an increase and decrease  and Mayasari (2018). This is probably due to differences in the research sample, because the research of Vera Handayani and Mayasari (2018) only examined one company. Total Liabilities has a negative regression coefficient value on Net Income, meaning that Total Liabilities has a negative relationship with net income, the condition of Total Liabilities is considered as one of the causes for the ups and downs of net income, so the higher the debt the company has, the lower it is net income to be received by the company.

Effect of Total Assets (TA) (X3) on Net Income (TE)
Hypothesis 3 test, the test results show that the regression coefficient value of the Total Assets (TA) variable is 0.162 where this identifies that if there is an increase and decrease in the value of the Total Assets (TA) variable, then the value of Net Profit (TE) will increase or decrease by 0.162 with other variable assumptions remain. This means that if the value of the Total Assets (TA) variable increases by 1, then Net Profit (TE) will decrease by 0.162 and vice versa if the value of the Total Liabilities (TL) variable decreases by 1, then Net Profit (TE) will increase by 0.162.
Total assets have a positive regression coefficient value on net income, meaning that total assets have a positive relationship with net income, the condition of total assets is considered as one of the causes for the ups and downs of net income, so the higher the assets owned by the company, the higher it is. net income to be received by the company.

The effect of Human Capital (HCC) (X1), Total Liabilities (TL) (X2) and Total Assets (TA) (X3) on Net Income (TE)
In testing hypothesis 3 simultaneously it can be seen that the significance level is 0.000, It means that the Human Capital (HCC), Total Liabilities (TL) and Total Assets (TA) variables have a simultaneous (joint) effect on the Company's Net Profit (TE). From the simultaneous significance test (Test F), it can be seen that when the company has more and more assets, higher employee salaries and less debt, the company's Net Profit will increase. Companies that have a lot of total assets can carry out more production activities, because their production activities are more so that the profits that the company will get will be more and more, then the driving force of a company is its human resources, when human resources are in the company. given a good feedback in the form of high salaries and wages, it will likely encourage the morale of the company workers so that it can cause the company's net profit to increase. Then the company that has less debt, the greater the net profit that the company will get because the costs incurred by the company in that period will be less if the company's debt is small.

CONCLUSION
Human Capital has a significant positive effect on the net income of a company. This proves that in line with Agency theory, namely the principal wants good results and the agent also wants something good for the business he does.
Total Liabilities of a company have a significant negative effect on the Company's Net Profits. This proves that the amount of debt can increase Net Income. This increase was due to the reduction in company debt which could make the company spend less in that period so that its net profit would increase. Total company assets have positive effect on company net income. This proves that the more assets the company has, the more net profit the company generates, because with more assets, the company can produce more and more, thereby increasing the company's net profit.
Human Capital, Total Liabilities and Total Assets simultaneously have a significant effect on company net income. It can be concluded that when the company has higher assets, higher company salaries and lower debt, the company's net profit will increase.