THE EFFECT OF SHORT-TERM DEBT, LONG-TERM DEBT, TANGIBILITY, SALES GROWTH, FIRM SIZE, AND DEBT TO ASSET RATIO ON THE PERFORMANCE OF MANUFACTURING COMPANIES
Article Sidebar
Main Article Content
Abstract
This study aims to obtain empirical evidence regarding the effect of short-term debt, long-term debt, tangibility, sales growth, firm size, and debt to asset ratio on the performance of manufacturing companies listed on the Indonesia Stock Exchange for the 2019-2021 period. The amount of data in this study was 243 samples with purposive sampling method. The test used in this study is the classical assumption test and uses multiple linear regression methods, and data processing using EViews 12 and IBM SPSS 26. The dependent variable in this study is company performance with the proxy Return on Asset (ROA), where the results obtained are sales growth has a positive effect on company performance, firm size and tangibility have a negative effect on company performance, and short-term debt, long-term debt, and debt to asset ratio have no negative effect on company 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
Nazir, Azam, Khalid, A. U. (2021). Debt Financing and Firm Performance: Empirical Evidence from the Pakistan Stock Exchange. Asian Journal of Accounting Research, 6.
Brigham, E. F., & Ehrhardt. (2015). Financial Management Theory and Practice 13th edition. Ohio: Southwestern Cengage Learning.
Tailab, M. K. (2014). The Effect of Capital Structure on Profitability of Energy American Firms. International Journal of Business and Management Invention, 3(12).
Kasmir. (2008). Analisis Laporan Keuangan, Jakarta: PT Raja Grafindo Persada,Jakarta.
Fahmi, I. (2015). Analisis Laporan Keuangan (Kelima). Bandung: Alfabeta.
Susan Yusofi’in, Yahya. (2016). Pengaruh Ukuran, Likuiditas, Profitbailitas dan Struktur Aktiva Terhadaap Struktur Modal. Jurnal ilmu dan riset management, 5(9).
Azizah, Ponziani, R. M. (2017). Nilai Perusahaan Pada Perusahaan Non Keuangan yangTerdaftar di BEi. Jurnal Bisnis dan Akuntansi, 19.
Jati, Sudaryanto, A. K. (2016). Pengaruh Hutang Jangka Pendek, Hutang Jangka Panjang, dan Total Hutang Terhadap ROA dan ROE Perusahaan yang Terdaftar Dalam Indeks LQ-45 di BEI Periode 2011-2014. Dipoengoro Journal of Management, 5(2337-3792), 7.
Hayati, Liztiara, Muchtar, D. (2022). Debt Financing and Firm Performance on Manufacturing Companies Listed on the IDX. Faculty of Economics and Business, XXVII, 91.
Hasan, Ahsan, M. B. (2014). Influence of Capital Structure on Firm Performance: Evidence from Bangladesh. International Journal of Business and Management, 9(5).
Nainggolan, W. M. (2019). Pengaruh Hutang Jangka Pendek dan Hutang Jangka Panjang terhadap Profitabilitas pada Profitabilitas pada Perusahaan Sub Sektor Pulp dan Kertas yang Terdaftar di Bursa Efek Indonesia. i.
Bokhari, Khan, H. W. (2013). The Impact of Capital Structure on Firm’s Performance (A case of Non-Financial Sector of Pakistan). European Journal of Business and Management, 5(31).
Tailab, M.M. (2014). Analyzing factors effecting profitability of non-financial US firms. Research Journal of Finance and Accounting, 5: 17-26.
Nursatyani, Wahyudi, Syaichu, A. S. (2014). ANALISIS PENGARUH CURRENT RATIO, FIRM SIZE, DAN ASSETS TANGIBILITY TERHADAP RETURN ON ASSET DENGAN DEBT TO TOTAL ASSET SEBAGAI VARIABEL INTERVENING (Studi pada Perusahaan Sektor Pertambangan yang Terdaftar di BEI Tahun 2008-2011).
Lumantobing, Sulivyo, Sukmayudi, Riski, I. P. (2020). The Effect of Debt to Asset Ratio and Debt to Equity Ratio on Return on Assets in Hotel, Restaurant, and Tourism Sub Sectors Listed on Indonesia Stock Exchange for the 2014-2018 Period. International Journal of Multicultural and Multireligious Understanding, 7(9).
Salsabella, F. F. (2020). Analisis Pengerahu Pembiayaan Modal Kerja terhadap Profitabilitas (Studi Kasus Pada Perusahaan Sektor Industri Dasar dan Kimia yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2015-2018). 1.
Tripuspitorini, Mauluddi, Asyifa, F. A. (2022). Pengaruh Current Ratio dan Debt to Assets Ratio terhadap Return on Asset pada Perusahaan Subsektor Makanan dan Minuman. Jurnal Accounting Information System (AIMS), 5(1)