Pengaruh Likuiditas, Perputaran Modal Kerja, dan Leverage Terhadap Profitabilitas Perusahaan BUMN Non-Perbankan Yang Terdaftar di BEI
Main Article Content
Abstract
The main objective of this research is to study the impact of Leverage (X1), working capital turnover (X2) and liquidity (X3) on profitability (Y) of non-bank public enterprises. products listed on the Indonesia Stock Exchange in 2019 - Period 2021. The research method used is quantitative, with subjects including non-bank public companies that have become public companies from 2019 to 2021. Sampling was carried out using the purposive sampling method, which selected 13 non-bank public enterprises as the research sample. Data analysis was performed using a multiple linear regression model. The results of this study show that liquidity (X1) and working capital turnover (X2) have a significant positive impact on profitability, while Leverage (X3) has a significant negative impact on profitability. These results provide valuable information to stakeholders of non-banking public enterprises in managing their financial aspects to increase profitability and corporate performance.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
References
Amin, M. A. N., & Khilmi, T. A. (2023). Pengaruh Likuiditas, Leverage, dan Growth Terhadap Kinerja. JIBEMA: Jurnal Ilmu Bisnis, Ekonomi, Manajemen, dan Akuntansi, 1(1), 1-17.
Anggraini, I. D., & Cahyono, K. E. (2021). PENGARUH MODAL KERJA, LIKUIDITAS, LEVERAGE DAN AKTIVITAS TERHADAP PROFITABILITAS (Studi Pada Perusahaan Makanan dan Minuman yang Terdaftar Di Bursa Efek Indonesia). Jurnal Ilmu dan Riset Manajemen (JIRM), 10(5).
Anggraini, R., Rokhmawati, A., & Nurmayanti, P. (2023). Analisis Pengaruh Kebijakan Keuangan Terhadap Profitabilitas dengan Kebijakan Penurunan Tarif PPh Badan Sebagai Variabel Moderasi. Jurnal EMT KITA, 7(1), 90-102.
Dar, S. Q., & Dar, A. A. (2017). The Working Capital and Its Ratios: A Qualitative Study. International Journal of Statistics and Actuarial Science, 1(1), 24-30.
Enekwe, C. I., Agu, C. I., & Eziedo, K. N. (2014). The effect of financial leverage on financial performance: Evidence of quoted pharmaceutical companies in Nigeria. IOSR Journal of Economics and Finance, 5(3), 17-25.
Keramidou, I., Mimis, A., Fotinopoulou, A., & Tassis, C. D. (2013). Exploring the relationship between efficiency and profitability. Benchmarking: An International Journal, 20(5), 647-660.
Kustiyaningrum, D., Nuraina, E., & Wijaya, A. L. (2017). Pengaruh Leverage, Likuiditas, Profitabilitas, Dan Umur Obligasi Terhadap Peringkat Obligasi (Studi Pada Perusahaan Terbuka Yang Terdaftar Di Bursa Efek Indonesia). Assets: Jurnal Akuntansi dan Pendidikan, 5(1), 25-40.
Mulyana, A., Susilawati, E., Putranto, A. H., Arfianty, A., Muangsal, M., Supyan, I. S., ... & Soegiarto, D. (2023). Manajemen keuangan. Penerbit Widina.
Permata, A. G. (2023). Pengaruh Kinerja Keuangan Terhadap Financial Distress (Studi pada Perusahaan Asuransi yang Terdaftar di BEI Periode 2017-2021). Jurnal EMT KITA, 7(3), 711-720.
Samuel, C. (2001). Stock market and investment: the signalling role of the market. Applied Economics, 33(10), 1243-1252.
Sianturi, V., & Silaban, A. (2023). Determinan Audit Delay pada Perusahaan Manufaktur di Bursa Efek Indonesia. Jurnal EMT KITA, 7(2), 505-512.
Sitorus, D. A., & Silaban, A. (2023). Pengaruh Rasio Profitabilitas dan Rasio Leverage Terhadap Manajemen Laba. Jurnal EMT KITA, 7(2), 496-504.
Sugiyono. (2018). Metode Penelitian Kuantitatif. Bandung: Alfabeta.
Torok, R. M., & Cordon, P. J. (2002). Operational profitability: Systematic approaches for continuous improvement. John Wiley & Sons.
Tumanggor, A. H. (2023). Liquiditas, Profitabilitas dan Debt to Aseets Rasio pada Perusahaan Advertising, Media dan Printing yang Terdaftar di Bursa Efek Indonesia. Jurnal EMT KITA, 7(4), 864-871.
Yasar, B., Martin, T., & Kiessling, T. (2020). An empirical test of signalling theory. Management Research Review, 43(11), 1309-1335.