Financial Performance and Some Factors that Influence: An Empirical Study on Manufacturing Company
Article Sidebar
Main Article Content
Abstract
Financial performance is a complex matter and it cannot be separated from the efficiency of the company's activities. Regarding to the statement, the purpose of this study is to find out empirically how the influence of leverage, firm size, firm age, and cash flow on financial performance of manufacturing companies in the non-cyclical consumption sector period 2017-2020. The sample collection method used is judgement sampling with 31 manufacturing companies and 124 total observations of manufacturing companies data. This research uses EViews version 12.0 as a data processing software. This study shows results that cash flow have a positive effect on financial performance, but leverage, firm size, and firm age have no effect on financial performance.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
IJAEB by Graduate Program of Universitas Tarumanagara is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.. Permissions beyond the scope of this license may be available at https://journal.untar.ac.id/index.php/ijaeb
References
Ajmera, Butalal (2019). An Empirical Study on Effect of Capital Structure on Financial Performance of Paper Manufacturing Companies in India: Penal Data Analysis. International Journal of Financial Management, 9(3), 18 - 25.
Ang, Jessica, dkk. (2020). Pengaruh Corporate Social Responsibility Terhadap Kinerja Keuangan Perusahaan dan Earning Management Sebagai Variabel Moderasi. Journal of Entrepreneurship & Business, Vol.1(1).
Azzahra, An Suci & Nasib (2019). Pengaruh Firm Size dan Leverage Ratio Terhadap Kinerja Keuangan pada Perusahaan Pertambangan. JWEM STIE MIKROSKIL, Vol.9(1).
Basuki, Agus Tri (2017). Ekonometrika dan Aplikasi Dalam Ekonomi. Yogyakarta: Danisa Media.
Egbunike, Chinedu Francis & Chinedu Uchenna Okerekeoti (2018). Macroeconomic Factors, Firm Characteristics, and Financial Performance: A Study of Selected Quoted Manufacturing Firms in Nigeria. Asian Journal of Accounting Research, 3(2), 142 - 168.
Ekananda, Mahyus (2014). Analisis Ekonometrika Data Panel. Jakarta: Penerbit Mitra Wacana Media.
ELIF AKBEN-SELCUK (2016). Does Firm Age Affect Profitability? Evidence from Turkey. International Journal of Economic Sciences, Vol. V(3), pp. 1-9., 10.20472/ES.2016.5.3.001
Erdogan, Mahmut & Adilya Yamaltdinova (2019). A Panel Study of the Impact of R&D on Financial Performance: Evidence from an Emerging Market. Procedia Computer Science, 158, 541 - 545.
Ghozali, Imam & Dwi Ratmono (2017). Analisis Multivariat dan Ekonometrika Teori, Kondep, dan Aplikasi dengan EViews 10. Semarang: Badan Penerbit Universitas Diponegoro.
Ghozali, Imam (2018). Aplikasi Analisis Multivariete SPSS 25 (9th ed.). Semarang: Badan Penerbit Universitas Diponegoro.
Hendrani, Widya & Rosmita Rasyid (2020). Faktor-Faktor Yang Mempengaruhi Kinerja Keuangan Pada Perusahaan Manufaktur. Jurnal Multiparadigma Akuntansi Tarumanagara, 2, 1632 - 1640.
Hermanto, Bambang, dkk (2019). Analisa Laporan Arus Kas untuk Mengukur Kinerja Keuangan Perusahaan pada Pt. Topjaya Sarana Utama Jakarta. Jurnal Lentera Akuntansi, ISSN 2339-2991.
Ichsan, dkk (2021). The Financial Performance of Manufacturing Companies in Idx and Some Factors that Influence. Journal of Applied Management (JAM), Vol.19(2).
Irma, Amelya Dwi Ade (2019). Pengaruh Komisaris, Komite Audit, Struktur Kepemilikan, Size dan Leverage Terhadap Kinerja Keuangan Perusahaan Properti, Perumahan dan Konstruksi 2013-2017. Jurnal Ilmu Manajemen, 7(3).
Istiyandra & Ihwan Susila (2018). Analisis Pengaruh Umur Perusahaan dan Pertumbuhan Perusahaan terhadap [15] Kinerja Keuangan pada Perusahaan Manufaktur Sub Sektor Industri Semen yang Terdaftar di BEI. UMKT-DR.
Jie, Leslie & Bayu Laksma Pradana (2021). Pengaruh Debt To Asset Ratio, Return On Asset, Total Asset Turnover dan Current Ratio Terhadap Pertumbuhan Laba Perusahaan Manufaktur Sektor Industri Barang Konsumsi Terdaftar di Bei Periode 2016 – 2019. Jurnal Bina Akuntansi, Vol.8(1),34 - 50.
Kieso, Donald E., Warfield, Terry D., Weigandt, Jerry J. (2018). Intermediate Accounting: IFRS Edition 3rd ed. (3rd). New Jersey: John Wiley & Sons.
Kuncoro, Mudjarat (2013). Metode Riset untuk Bisnis & Ekonomi. Jakarta: Penerbit Erlangga.
Kieschnick, Robert & Rabih Moussawi (2017). Firm age, corporate governance, and capital structure choices. Journal of Corporate Finance, Vol. 48, 597-614
Lastri, Surna, dkk (2018). Pengaruh Leverage Terhadap Kinerja Keuangan pada Subsektor Lembaga Pembiayaan yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2017. KOLEGIAL, Vol.6(1).
Le, H.L., Vu, K.T., Le, T.B.N., Du, N.K., & Tran, M.D. (2018) Impact of Working Capital Management on Financial Performance: The Impact of Vietnam. International Journal of Applied Economics, Finance and Accounting. ISSN 2577-767X.
Manisa, Dea Eka & F. Defung (2017). Pengaruh Pengungkapan Sustainability Report terhadap Kinerja Keuangan Perusahaan Infrastruktur yang Terdaftar di Bursa Efek Indonesia. Forum Ekonomi, 19(2).
Nuryanto & Zulfikar Bagus Pambuko (2018). Eviews untuk Analisis Ekonometrika Dasar: Aplikasi dan Interpretasi. Magelang: Unimma Press.
Rahman, Abdul & Raj Bahadur Sharma (2020). Cash Flows and Financial Performance in the Industrial Sector of Saudi Arabia: With Special Reference to Insurance and Manufacturing Sectors. Investment Management and Financial Innovations, 17(4).
Rahman, Faizar & Sunarti (2017). Pengaruh Marketing Expense, Ukuran Perusahaan, dan Umur Perusahaan Terhadap Tingkat Profitabilitas Perusahaan : Studi Empiris pada Industri Sektor Perbankan Indonesia yang Listing di BEI Periode 2011-2015. Jurnal Administrasi Bisnis (JAB), Vol. 52(1).
Rahman, Md. Musfiqur & Farjana Nur Saima (2018). Efficiency of Board Composition on Firm Performance: Empirical Evidence from listed Manufacturing Firms. Journal of Asian Finance, Economics and Business, Vol 5(2), 53-61
Sitanggang, Agnes Veronica, dkk. (2021). Pengaruh Laporan Arus Kas, Umur Perusahaan, dan Ukuran Perusahaan terhadap Kinerja Keuangan. Scientific Journal of Reflection: Economic, Accounting, Management, and Business, 4(4).
Tongli, Bernadeth, dkk. (2018). Financial Performance Analysis in Manufacturing Companies of the Cement Sectors Listing on Indonesia Stock Exchange (IDX) Period 2013 - 2017. SSRN Electronic Journal.
Wardaya, Sri & Maria Magdalena Dhelo. (2020). Pengaruh Asset Growth, Arus Kas Operasi, Kepemilikan Institusional dan Ukuran Perusahaan terhadap Kinerja Keuangan Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia periode 2014 - 2017. Media Akuntansi, 32(1).
Zuhroh, Idah & Faizal Amir (2021). Ekonometrika Dengan Software EViews. Malang: UMMPress.
www.idx.com