FAKTOR-FAKTOR YANG MEMPENGARUHI FIRM PERFORMANCE PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI
Main Article Content
Abstract
The purpose of this study is to determine the effect of liquidity, leverage, firm size, and
institutional ownership on firm performance in manufacturing companies listed on the
Indonesia Stock Exchange during 2018-2020. The sampling technique used in this
research is purposive sampling method for a total of 72 companies. Data processing in
this study was carried out using SPSS program version 25. This study used multiple
linear regression analysis. The result of this study shows that liquidity has a negative
but insignificant influence on firm performance, leverage has a negative and significant
influence on firm performance, firm size has a positive and significant influence on firm
performance, and institutional ownership has a positive but insignificant influence on
firm performance.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
Abebe, A. K., & Abera, M. T. (2019). Determinants of Financial Performance;
Evidence from Ethiopia Insurance Companies. Journal of Accounting, Finance and
Auditing Studies, 5(1), 155-172.
Alkurdi, A., Hamad, A., Thneibat, H., & Elmarzouky, M. (2021). Ownership structure’s
effect on financial performance: An empirical analysis of Jordanian listed firms.
Cogent Business & Management, 8(1), 1-21.
Azzahra, A. S., & Nasib. (2019). Pengaruh Firm Size dan Leverage Ratio Terhadap
Kinerja Keuangan pada Perusahaan Pertambangan. JWEM STIE MIKROSKIL, 9(1),
-20.
Banafa, A. S. A., Muturi, W., & Ngugi, K. (2015). The impact of leverage on financial
performance of listed non-financial firm in Kenya. International Journal of Finance
and Accounting, 4(7), 1-20.
Brigham, E. F., & Houston, J. F. (2019). Fundamentals of Financial Management 15th
Edition. Boston: South-Western, Cengage Learning.
Cahyana, A. M. K., & Suhendah, R. (2020). Pengaruh Leverage, Firm Size, Firm Age
dan Sales Growth Terhadap Kinerja Keuangan. Jurnal Multiparadigma Akuntansi
Tarumanagara, 2(4), 1791-1798.
Charles, D., Ahmed, M. N., & Joshua, O. (2018). Effect of Firm Characteristics on
Profitability of Listed Consumer Goods Companies in Nigeria. Journal of
Accounting, Finance and Auditing Studies, 4(2), 14-31.
Debora, N., & Dewi, S. P. (2020). Faktor-Faktor Yang Mempengaruhi Firm
Performance Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal
Multiparadigma Akuntansi Tarumanagara, 2(1), 385-392.
Dhanendra., & Dewi, S. P. (2019). Faktor-Faktor Yang Mempengaruhi Firm
Performance Pada Perusahaan Manufaktur Di BEI. Jurnal Multiparadigma
Akuntansi, 1(4), 1104-1113.
Ekadjaja, A., Wijaya, A., & Vernetta. (2021). Factors Affecting Firm Performance in
manufacturing companies in Indonesia Stock Exchange. Jurnal Akuntansi, 25(1),
-167.
Hongli, J., Ajorsu, E. S., & Bakpa, E. K. (2019). The Effect of Liquidity and Financial
Leverage on Firm Performance: Evidence from Listed Manufacturing Firms on The
Ghana Stock Exchange. Research Journal of Finance and Accounting, 10(8), 91-
Iqbal, U., & Usman, M. (2018). Impact of Financial Leverage on Firm Performance:
Textile Composite Companies of Pakistan. SEISENSE Journal of Management, 1(2),
-78.
Jensen, M. C., & Meckling, W. (1976). Theory of the firm: managerial behavior, agency
costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
Jonatan, I. B. (2018). Pengaruh Struktur Modal, Ukuran Perusahaan, Pertumbuhan
Perusahaan Terhadap Kinerja Keuangan Pada Perusahaan Non Keuangan Dengan
Menggunakan Dupont System. Jurnal Muara Ilmu Ekonomi dan Bisnis, 2(2), 424-
Joshua., & Nugroho, V. (2020). Faktor-Faktor Yang Mempengaruhi Financial
Performance Pada Perusahaan Manufaktur Tahun 2015-2018. Jurnal
Multiparadigma Akuntansi Tarumanagara, 2(4), 1520-1530.
Kasmir. (2017). Analisis Laporan Keuangan. Jakarta: PT Raja Grafindo Persada.
Khan, F. U., & Nouman, M. (2017). Does Ownership Structure Affect Firm’s
Performance? Empirical Evidence From Pakistan. PAKISTAN BUSINESS REVIEW,
(1), 1-23.
Laurent., & Salim, S. (2019). Pengaruh Corporate Governance Dan Ukuran Perusahaan
Terhadap Kinerja Perusahaan Di BEI. Jurnal Multiparadigma Akuntansi, 1(2), 135-
Margo, L. V. E., & Sudirgo, T. (2020). Faktor-Faktor Yang Mempengaruhi Firm
Performance Pada Perusahaan Manufaktur Di BEI. Jurnal Multiparadigma
Akuntansi, 2(2), 613-621.
Moerdiyanto. (2010). Tingkat Pendidikan Manajer dan Kinerja Perusahaan Go-Public.
Yogyakarta: FISE Universitas Negeri Yogyakarta.
Myers, S. C. (2001). Capital Structure. Journal of Economic Perspectives, 15(2), 81-
Novyanny, M. C., & Turangan, J. A. (2019). Pengaruh Likuiditas, Ukuran Perusahaan,
Umur Perusahaan dan Pertumbuhan Perusahaan terhadap Profitabilitas pada
Perusahaan Jasa Sektor Perdagangan, Jasa & Investasi yang terdaftar pada Bursa
Efek Indonesia. Jurnal Manajerial Dan Kewirausahaan, 1(1), 8-21.
Pramana, I. W. S., & Darmayanti, N. P. A. (2020). Profitabilitas, Struktur Aktiva, dan
Ukuran Perusahaan Berpengaruh Terhadap Struktur Modal Perusahaan Otomotif. EJurnal Manajemen, 9(6), 2127-2146.
Putri, M. C., & Dermawan, E. S. (2020). Faktor- Faktor yang Mempengaruhi Kinerja
Keuangan pada Perusahaan Manufaktur. Jurnal Multiparadigma Akuntansi
Tarumanagara, 2(1), 469-477.
Rahman, M. M., Kakuli, U. K., Parvin, S., & Sultana, A. (2020). Debt Financing and
Firm Performance: Evidence from an Emerging South-Asian Country. Business and
Economic Research, 10(1), 40-54.
Rashid, M. M. (2020). Ownership structure and firm performance: the mediating role of
board characteristics. Corporate Governance, 20(4), 719-737.
Rezensky, R., & Lukman, H. (2023). The Role Of Ownership Concentration As
Moderation On Biological Asset Intensity, Company Size, And Firm Growth On Biological Asset Disclosure In Agricultural Industry In Indonesia. International
Journal of Application on Economics and Business. Vol. 1 (2), pp. 45-56
Taouab, O., & Issor, Z. (2019). Firm Performance: Definition and Measurement
Models. European Scientific Journal, 15(1), 93-106.
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2015). Financial Accounting 3rd
Edition. Hoboken: John Wiley & Sons, Inc.
Yuanita., Dilla, J. R., & Suwarno, P. S. (2019). The Effect of Intellectual Capital,
Institutional Ownership and Managerial Ownership on Company’s Performance.
Jurnal Akuntansi Trisakti, 6(1), 99-118.
Zaitoun, M., & Alqudah, H. (2020). The Impact of Liquidity and Financial Leverage on
Profitability: The Case of Listed Jordanian Industrial Firm’s. International Journal of
Business and Digital Economy, 1(4), 29-35.
www.idx.co.id