PENGARUH LEVERAGE, FIRM SIZE, DAN LIQUIDITY TERHADAP PROFITABILITY
Main Article Content
Abstract
This study aims to determine the effect of leverage (DER), firm size (SIZE), and liquidity (CR) on profitability (ROA) of manufacturing companies listed on the Indonesia Stock Exchange for the period 2017-2019. The sample was selected using purposive sampling technique and the valid data were 73 companies. The data processing technique using multiple regression analysis was carried out using the random effects method assisted by the E-views 12 program and Microsoft Excel 2010. The results of the partial study showed that there was a significant negative effect between leverage on profitability, company size had a significant positive effect on profitability. And liquidity had no effect on profitability.
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
Harjito, D. A., & Martono. (2013). Manajememen Keuangan, Edisi kedua. Yogyakarta: EKONISA
Ajanthan, A. (2013). A Nexus Between Liquidity & Profitability: A Study of Trading Companies in Sri Lanka. European Journal of Business and Management, 5(7), 221-237. (2), 43-52.
Brigham, E. F., & Houston, J. F. (2013), Dasar-dasar Manajemen Keuangan. Jakarta: Salemba Empat.
Fransisca, E., & Widjaja, I. (2019). Pengaruh Leverage, Likuiditas, Pertumbuhan Penjualan dan Ukuran Perusahaan Terhadap Profitabilitas Perusahaan Manufaktur. Jurnal Manajerial dan Kewirausahaan, Vol 1(2), hal 199-206
Fahmi, I. (2014). Analisis Laporan Keuangan. Bandung: Penerbit Alfabeta.
Gitman, L. J., & Zutter, C. J. (2015). Principles of Managerial Finance. 14th Edition. Global Edition. Pearson Education Limited
Jensen, M., & Meckling, W. (1976) Theory of The Firm: Managerial Behavior, Agency and Ownership Structure. Journal of Financial Economics: 305-360
Maria, C. N., & Turangan, J. A. (2019). Pengaruh Likuiditas, Ukuran Perusahaan, Umur Perusahaan dan Pertumuhan Perusahaan terhadap Profitabilitas pada Perusahaan Jasa Sektor Perdagangan, Jasa & Investasi yang Terdaftar di BEI. Jurnal Manajerial dan Kewirausahaan. Vol 1(1)
Niresh, J. A., & Velnampy, T. (2014). Firm size and profitability: a study of listed manufacturing firms in Sri Lanka. International Journal of Business and Management, 9(4), 57-64.
Sagita, N., & dkk. (2015). Pengaruh Modal Kerja, Likuiditas, Aktivitas dan Ukuran Perusahaan Terhadap Profitabilitas Pada Perusahaan Manufaktur yang Terdaftar di BEI. E-journal. Vol 3(1)
Reni, Y. R. S., & Antung, N. A. (2016) Pengaruh Leverage Keuangan Terhadap Perusahaan Manufaktur Yang Terdaftar di BEI Periode 2010-2013. Jurnal Manajemen dan Akuntansi. Vol 16(1)
Sartono, A. (2016). Manajemen Keuangan Teori dan Aplikasi. (Edisi Keempat. Cetakan Kedelapan). Yogyakarta: BPFE-Yogyakarta.
Sunarto., & Agus, P. B. (2009). Pengaruh Leverage, Ukuran dan Pertumbuhan Perusahaan terhadap Profitabilitas. Vol 6(1)
Umobong, A. A. (2015). Asessing the impact of liquidity and profitability ratios on growth of profits in pharmaceutical firms in Nigeria. European Journal of Accounting, Auditing and Finance Research, 3(10), 97-114.