Pengaruh Likuiditas, Pertumbuhan Perusahaan, Ukuran Perusahaan, Leverage, Dan Kekuatan Pasar Terhadap Kinerja Perusahaan
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Published:
Jan 21, 2025
Keywords:
Firm Performance, Liquidity, Firm Growth, Firm Size, Leverage, Market Power
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Abstract
The focus of this research is to examine the impact of liquidity, company growth, company size, leverage and market power on the performance of the manufacturing industry as recorded on the Indonesia Stock Exchange (BEI) in 2020 - 2022. This research is based on 5 independent variables with 5 types of measurements. empirically tested for its correlation with company performance. These variables are liquidity (current ratio), company growth (estimated by sales growth), company size (total sales), leverage (Debt Equity Ratio), and market power (Lerner index). Secondary data used in this research was obtained via the website www.idx.co.id. The purposive sampling method is used as a sampling method by selecting a population sample based on the criteria of the researcher's wishes. Multiple regression analysis is used as a research method to understand the correlation between more than two variables. The results of data processing show that liquidity has a partial positive impact on company performance as measured by ROA. Meanwhile, the variables company growth, company size, leverage and market power have no impact on company performance as measured by ROA.
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How to Cite
Sekar, L. (2025). Pengaruh Likuiditas, Pertumbuhan Perusahaan, Ukuran Perusahaan, Leverage, Dan Kekuatan Pasar Terhadap Kinerja Perusahaan . Permana : Jurnal Perpajakan, Manajemen, Dan Akuntansi, 16(2), 665–681. https://doi.org/10.24905/permana.v16i2.608
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a Creative Commons Attribution-NonCommercial 4.0 International License
References
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Syahzuni, B. A., & Jimmy, J. (2022). Pengaruh Modal Kerja, Perputaran Aktiva, Dan Leverage Terhadap Profitabilitas. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(3), 1231–1237. Https://Doi.Org/10.32670/Fairvalue.V5i3.2131
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Afrianti, D., & Purwaningsih, E. (2022). Pengaruh Leverage, Likuiditas Dan Pertumbuhan Aset Terhadap Profitabilitas. Jurnal Ilmiah Mea (Manajemen, Ekonomi, Dan Akuntansi), 6(2), 1781–1796.
Agnes, & Darmansyah. (2020). Analysis Of Company Size, Company Growth, Financial Distress And Liquidity On The Trend Of Accepting Going Concern Audit Opinions. Ica Ekonomi, 1(1), 78–87.
Alarussi, A. S., & Alhaderi, S. M. (2018). Factors Affecting Profitability In Malaysia. Journal Of Economic Studies, 45(3), 442–458. Https://Doi.Org/10.1108/Jes-05-2017-0124
Andinata, W. (2021). Pengaruh Size Dan Sales Growth Terhadap Profitabilitas Perusahaan Manufaktur Sektor Konsumsi Dengan Struktur Modal Sebagai Variable Moderasi. Diponegoro Journal Of Economics, 10(2), 1–16.
Aprilliani, M. T., & Totok, D. (2018). Pengaruh Tata Kelola Perusahaan Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan Artikel Ilmiah. Diponegoro Journal Of Accounting, 7(1), 1–10.
Arhinful, R., & Radmehr, M. (2023). The Impact Of Financial Leverage On The Financial Performance Of The Firms Listed On The Tokyo Stock Exchange. Sage Open, 13(4), 1–22. Https://Doi.Org/10.1177/21582440231204099
Averio, T. (2020). The Analysis Of Influencing Factors On The Going Concern Audit Opinion – A Study In Manufacturing Firms In Indonesia. Asian Journal Of Accounting Research, 6(2), 152–164. Https://Doi.Org/10.1108/Ajar-09-2020-0078
Azzahra, A. S., & Wibowo, N. (2019). Pengaruh Firm Size Dan Leverage Ratio Terhadap Kinerja Keuangan Pada Perusahaan Pertambangan. Jurnal Wira Ekonomi Mikroskil, 9(1), 13–20. Https://Doi.Org/10.55601/Jwem.V9i1.588
Badan Pusat Statistik. (2022). Perkembangan Indeks Produksi Industri Manufaktur 2021. Badan Pusat Statistik, 1–24.
Badan Pusat Statistik. (2023). Laju Pertumbuhan Pdb Industri Manufaktur, 2020-2022. Badan Pusat Statistik.
Bintara, R. (2020). The Effect Of Working Capital, Liquidity And Leverage On Profitability. Saudi Journal Of Economics And Finance, 04(01), 28–35. Https://Doi.Org/10.36348/Sjef.2020.V04i01.005
Datun, F. W., & Indrati, M. (2022). Pengaruh Leverage, Debt Maturity, Ukuran Perusahaan, Dan Usia Perusahaan Terhadap Kinerja Perusahaan. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(5), 2136–2146. Https://Doi.Org/10.32670/Fairvalue.V5i5.2725
Ghozali, I. (2016). Aplikasi Analisis Multivariete Dengan Program Ibm Spss 23 (8th Ed.). Badan Penerbit Universitas Diponegoro.
Herdiyana, H., Sumarno, A., & Endri, E. (2020). The Effect Of Financial Performance On The Profitability Of Food And Beverage Companies In Indonesia. International Journal Of Financial Research, 12(1), 30. Https://Doi.Org/10.5430/Ijfr.V12n1p30
Hermanto, H., & Dewinta, A. (2023). Pengaruh Ukuran Perusahaan, Efisiensi Perusahaan, Likuiditas, Kekuatan Pasar, Pertumbuhan Perusahaan Dan Leverage Terhadap Profitabilitas. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (Mea), 7(2), 846–871. Https://Doi.Org/10.31955/Mea.V7i2.3060
Hikmah, N., & Munandar, A. (2020). Analisis Sales Growth Pada Pt Xl Axiata Tbk. Ekonomi, Keuangan, Investasi …, 2(1), 50–53.
Indrati, M., & Pangestu, R. D. D. (2022). Proporsi Kebijakan Dividen Sektor Non-Keuangan. Moneter - Jurnal Akuntansi Dan Keuangan, 9(2), 171–179. Https://Doi.Org/10.31294/Moneter.V9i2.13828
Injayanti, S. O., Maemumah, M., & Lukita, C. (2023). Pengaruh Good Corporate Governance Dan Ukuran Perusahaan Terhadap Kinerja Keuangan. 1–13.
Lim, H., & Rokhim, R. (2020). Factors Affecting Profitability Of Pharmaceutical Company: An Indonesian Evidence. Journal Of Economic Studies, 48(5), 981–995. Https://Doi.Org/10.1108/Jes-01-2020-0021
Naziah, R., & Nyale, M. H. Y. (2022). Pengaruh Profitabilitas, Likuiditas, Pertumbuhan Perusahaan Dan Opini Audit Tahun Sebelumnya Terhadap Penerimaan Opini Audit Going Concern. Jiip - Jurnal Ilmiah Ilmu Pendidikan, 5(7), 2687–2699. Https://Doi.Org/10.54371/Jiip.V5i7.747
Prisca, P. W., & Vidyarto, N. (2022). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan Pada Sub Sektor Makanan Dan Minuman. Jurnal Paradigma Akuntansi, 4(2), 847–857. Https://Doi.Org/10.24912/Jpa.V4i2.19587
Putri, A. Z., & Basuki. (2020). Relationship Of Company’s Characteristics And Markets Power On Leverage In Indonesian Manufacturing Companies. Cuadernos De Economia, 43(123), 401–409. Https://Doi.Org/10.32826/Cude.V4i123.402
Qur’ani, F. I., & Purwaningsih, E. (2022). The Effect Of Capital Structure , Liquidity , Company Size , And Inventory Turnover On Profitability. Internasional Journal Of Future Studies, 5(2), 95–105.
Rakshit, B., & Bardhan, S. (2022). An Empirical Investigation Of The Effects Of Competition, Efficiency And Risk-Taking On Profitability: An Application In Indian Banking. Journal Of Economics And Business, 118(Xxxx), 106022. Https://Doi.Org/10.1016/J.Jeconbus.2021.106022
Rousilita Suhendah, A. M. K. C. (2020). Pengaruh Leverage, Firm Size, Firm Age Dan Sales Growth Terhadap Kinerja Keuangan. Jurnal Paradigma Akuntansi, 2(4), 1791. Https://Doi.Org/10.24912/Jpa.V2i4.9375
Saefullah, E., Listiawati, & Abay, P. M. (2018). Analisis Kinerja Keuangan Menggunakan Rasio Profitabilitas Pada Pt Xl Axiata, Tbk Dan Pt Indosat Ooredoo, Tbk Periode 2011 - 2016 Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Banquesyar’i, 4 No. 1.
Shahnia, C., & Endri, E. (2020). Dupont Analysis For The Financial Performance Of Trading, Service & Investment Companies In Indonesia. International Journal Of Innovative Science And Research Technology, 5(4), 193–211.
Syahzuni, B. A., & Jimmy, J. (2022). Pengaruh Modal Kerja, Perputaran Aktiva, Dan Leverage Terhadap Profitabilitas. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(3), 1231–1237. Https://Doi.Org/10.32670/Fairvalue.V5i3.2131
Yameen, M., Farhan, N. H. S., & Tabash, M. I. (2019). The Impact Of Liquidity On Firms’ Performance: Empirical Investigation From Indian Pharmaceutical Companies. Academic Journal Of Interdisciplinary Studies, 8(3), 212–220. Https://Doi.Org/10.36941/Ajis-2019-0019