Pengaruh Leverage, Likuiditas, dan Inflasi terhadap Profitabilitas Perusahaan Perdagangan, Jasa dan Investasi Yang Tercatat di Bursa Efek Indonesia

Amelia Amelia, Irham Fahmi

Abstract


This study aims to analyze the effect of leverage, liquidity and inflation on the profitability of trading, service and investment companies listed on the Indonesia Stock Exchange. This test was carried out for five years, namely the 2017-2021 period. The sample selection technique uses a purposive sampling method. This research uses quantitative methods. The type of data used in this study is secondary data, which is quantitative data which includes data on leverage, liquidity, inflation and company profitability proxied by Return On Assets (ROA) in trading, service and investment companies listed on the Indonesia Stock Exchange. The data collection technique used is panel data. Research analysis using multiple linear regression test. The results of this study found that the leverage measured using the Debt Equity Ratio (DER) has a negative and significant effect on profitability. Liquidity as measured using the Current Ratio (CR) has a significant negative effect on profitability. While inflation has no significant negative effect on profitability.


Keywords


Leverage; liquidity; inflation; profitability

Full Text:

PDF

References


Afrinda, N. (2013). Analisis Pengaruh Likuiditas dan Solvabilitas terhadap Profitabilitas pada Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia (BEI). Jurnal Ekonomi Palembang.

Azwar, S. (2007).Validitas dan reliabilitas. Yogyakarta: Pustaka Pelajar.

Bintara Rista. (2019). The effect of Working Capital, Liquidity and Leverage on Profitability.

Brigham, Eugene F. dan Houston, J. F. (2015). Fundamentals of Financial Management (8th ed.). Cengage Learning.

Chinedu Francis Egbunike & Chinedu Uchenna Okerekeoti. (2018). Macroeconomic factors, firm characteristics and financial performance. A study of selected quoted manufacturing firms in Nigeria. Emerald Publishing Limited.

Elek Sarmigi, Z. A. (2021). Dasar-Dasar Pengukuran Kinerja Manajemen. Yogyakarta: Deepublish.

Fahmi, I. (2012). Pengantar Manajemen Keuangan Teori dan Soal Jawab. Alfabeta.

Felany, I., A. dan S. W. (2018). Pengaruh Perputaran Modal Kerja, Leverage, dan Likuiditas Terhadap Profitabilitas. (Studi Pada Perusahaan Sub Sektor Makanan dan Miinuman yang Terdaftar di Bursa Efek Indonesia Pada Tahun 2012-2016). Jurnal Administrasi Bisnis, 58(02), 119–128.

Ghozali, I. (2013). Analisis Multivariat dan Ekonometrika: Teori, Konsep, dan Aplikasi dengan Eviews 8. Badan Penerbit Universitas Diponegoro.

Harahap, S. S. (1998). Analisa Kritis atas Laporan Keuangan. PT Rajagrafindo Persada.

Hermawan, I. (2019). Metodologi Penelitian Pendidikan : Kuantitatif, Kualitatif & Mixed Methode. Hidayatul Quran Kuningan.

Intanie Dewi Vera, C. T. L. S. & F. O. S. (2019). The Impact of Macroeconomic Factors On Firms Profitability (Evidence From Fast Moving Consumer Good Firms Listed On Indonesian Stock Exchange.

Kasmir. (2013). Bank dan Lembaga Keuangan Lainnya. PT.Raja Grafindo Persada.

Maula, I. Y. (2012). Analisis Perbandingan Tingkat Profitabilitas Bank Syariah Dan Bank Konvensional Tahun 2005-2009.

Pradhan, R. S., & Upadhaya, S. (2018). Impact of financial structure and macro-economic variables on profitability of Nepalese commercial banks. Nepalese Journal of Business, 5(2), 1-14.

Qaisar Ali, Selamah Mamoor, H. Y. & M. U. T. G. (2018). Impact of Macroeconomic Variables on Islamic Banks Profitability.

Sudana, M. (2015). Manajemen Keuangan Perusahaan Teori dan Praktek. Erlangga.

Sugiyono. (2018). Metode Penelitian Bisnis : Pendekatan Kuantitatif, Kualitatif, Kombinasi dan R&D. Alfabeta.

Suharli, M. (2004). Pengaruh Profitabilitas dan Investment Opportunity Set terhadap Kebijakan Dividen Tunai dengan Likuiditas sebagai Variabel Penguat. Jurnal Akuntansi Dan Keuangan., 9(1), 9–17.

Swagatika Nanda & Ajaya Kumar Panda. (2018). The determinants of corporate profitability: an investigation of Indian manufacturing firms. Emerald Publishing Limited.

Tandelilin, E. (2010). Portofolio dan Investasi; Teori dan Aplikasi. (Edisi ke-1).

Wisnu, Mawardi. (2005). ―Analisis Faktor-faktor Yang Mempengaruhi Kinerja Keuangan Bank Umum di Indonesia (Studi Kasus Pada Bank Umum Dengan Total Assets Kurang Dari 1 Trilyun)‖.Jurnal Bisnis Dan Strategi. Vol.14.No.1. Juli 2005

Weston. J. Fred and Thomas E. Copeland. (1997). Manajemen Keuangan (2nd ed.).

Widati, S., & Yuliandri, R. P. (2020). Pengaruh rasio keuangan terhadap perubahan laba. Jurnal Akuntansi Bisnis Pelita Bangsa, 5(1), 63–72. https://doi.org/Vol 5 No 1

Widhi, Niluh Nugrahaning & Suarmanayasa, I Nengah (2021). Pengaruh Leverage dan Pertumbuhan Penjualan terhadap Profitabilitas pada Perusahaan Subsektor Tekstil dan Garmen. Jurnal Ilmiah Akuntansi dan Humanika, 11 (2), 267-275.

Yonas Nigussie Isayas. (2022). Determinants of banks’s profitabiliy: Empirical evidence from banks in Ethiopia. Emerald Publishing Limited.

Yuliani. (2007). Hubungan Efisiensi Operasional dengan Kinerja Profitabilitas pada Sektor Perbankan yang Go Publik di Bursa Efek Jakarta.Jurnal Manajemen & Bisnis Sriwijaya Vol. 5 No 10 Desember 2007.

Zaman, M. B., Surya, J., No, K., & Selatan, T. (2021). Influence of Debt To Total Asset Ratio (DAR) Current Ratio (CR) and Total Asset Turnover (TATO) on Return On Asset (ROA) and Its Impact on Stock Prices on Mining Companies on the Indonesia Stock Exchange in 2008-2017. Journal of Industrial Engineering & Management Research, 2(1), 2722–8878. http://www.jiemar.org




DOI: https://doi.org/10.24815/jimen.v10i1.26801

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

 

Tim Redaksi:

Jurusan Manajemen Fakultas Ekonomi dan Bisnis, Universitas Syiah Kuala

Lantai II Gedung Induk

Darussalam, Banda Aceh, 2311

email: jim.manajemen@feb.usk.ac.id

 
Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.