Pengaruh Financial Leverage terhadap Financial Performance pada Sektor Industri Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2015

Februansyah, Rivaldy; Yanuarti, Ika

doi:10.31937/manajemen.v9i2.719

Cited by 3 publications

(4 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The results of this study are in accordance with the research results of Arif (2015) as well as Barus (2016) which claimed that debt to asset ratio has a positive and significant effect on return on assets. However, the results of this study are different from the research results conducted by Februansyah & Yanuarti (2017) as well as Gunde et al, (2017) which found that debt to asset ratio has a negative and significant effect on return on assets.…”

Section: The Effect Of Debt To Asset Ratio On Return On Assetscontrasting

confidence: 99%

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

Lumbantobing

Sulivyo

Sukmayuda

et al. 2020

IJMMU

View full text Add to dashboard Cite

This study aims to determine 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 the Indonesia Stock Exchange for the 2014-2018 period, either partially or simultaneously. This research is a quantitative research. The sampling technique in this study was purposive sampling with a sample of 16 companies from a population of 35 sub-sector companies including hotel, restaurant and tourism listed on Indonesia Stock Exchange. The data analysis techniques used in this study included descriptive statistics, classic assumption tests, partial correlation analysis, coefficient of determination, multiple regression analysis, and hypothesis testing. Additionally, multiple regression equation in this study was ROA= 0.308 + 0.154DAR – 0.038DER. The results of this study indicated that debt to asset ratio partially had a positive and significant effect on return on assets. It was indicated by β value of 0.154 and significance level of 0.000 < 0.05. In addition, the results also found that debt to equity ratio had a negative effect on return on assets, in which β value was -0.038 and significance level of 0.000 < 0.05. Debt to asset ratio and debt to equity ratio simultaneously have a significant effect on return on assets, indicated by a significance level of 0.000 <0.05.

show abstract

Section: The Effect Of Debt To Asset Ratio On Return On Assetscontrasting

confidence: 99%

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

Lumbantobing

Sulivyo

Sukmayuda

et al. 2020

IJMMU

View full text Add to dashboard Cite

show abstract

“…Meanwhile, study by Zulaecha (2017) shows that leverage have no significant effect to company performance. Contrast from idea that leverage could boost the financial performance, Februansyah & Yanuarti (2017) shows that debt ratio have negative impact on return on assets (ROA).…”

Section: Introductionmentioning

confidence: 93%

“…This phenomenon shows the two side of debt. On one hand debt are generally accepted as a tools to increasing financial performance, since its interest could reduce the tax payment (Februansyah & Yanuarti, 2017). On the other hand too much debt can cause financial distress in the companies.…”

Section: Figure 1 Indonesian Public Companies' Leverage and Performamentioning

confidence: 99%

Testing marketing expenses role on the relation between leverage and performance

Setyawati

Ramadhanti

2019

Jurnal Keuangan Dan Perbankan

View full text Add to dashboard Cite

Marketing expenses usually one of the most important cost for the companies, but still few research in finance discussing about this. Previous study still inconsistent about the role of marketing expenses as moderator or mediator between the effects of leverage on financial performance. This research intended to empirically test on that subject. This research is using 1792 panel financial report data taken from 256 companies listed in Indonesian Stock Exchange during 2010-2016. There are three main variables in this research: performance that measures using returns on assets (ROA), marketing expenses is measures using natural logarithm of marketing expenses. Leverage is calculated using total debt per total asset. Data is analyzed using panel data regression. The results shows that marketing expense is a moderator but not mediator variable in the effect of leverage on financial performance. Marketing expense moderates negatively the relation between financial leverage on ROA. This is consistent with strategic management using Resources Advantage Theory and Du Pont Business Model. AbstrakBeban pemasaran biasanya adalah biaya yang paling penting bagi perusahaan, namun masih sedikit riset di bidang keuangan yang membahas tentang hal ini. Beberapa penelitian empiris sebelumnya memang telah menguji beban pemasaran dan kaitannya dengan leverage serta kinerja keuangan perusahaan, namun demikian belum konsisten hasilnya sebagai variabel pemoderasi atau pemediasi. Penelitian ini bermaksud mengkonfirmasi peranan beban pemasaran tersebut. Sampel yang digunakan dalam studi ini adalah 1792 data panel dari Laporan Keuangan 256 perusahaan yang terdaftar di Bursa Efek Indonesia selama periode 2010-2016. Ada tiga variabel utama dalam penelitian ini, yaitu kinerja diukur dengan tingkat pengembalian aset (return on assets atau ROA), beban pemasaran diukur dengan logaritma natural dari beban pemasaran, serta leverage keuangan yang diukur dengan total utang dibagi dengan total aset. Sampel selanjutnya dianalisis dengan regresi data panel. Hasilnya menunjukkan bahwa beban pemasaran merupakan variabel pemoderasi, bukan pemediasi, dalam hubungan leverage dengan kinerja keuangan. Beban pemasaran memoderasi negatif pengaruh leverage keuangan terhadap ROA. Hasil ini konsisten dengan manajemen strategi menggunakan Resources Advantage Theory dan Du Pont Business Model. How to Cite: Setyawati, S. M., & Ramadhanti, W. (2019). Testing marketing expenses role on the relation between leverage and performance. Jurnal Keuangan dan Perbankan, 23(3), 469-478. https://doi.| 470 | 1.

show abstract

“…The impact of total debt and different types of debt, such as bank loans and trade credit, on corporate performance is negative and significant. If the company's overall debt ratio is more than its own capital, the higher the risk that the company must face, which can lead the company to go bankrupt or cause the company to go bankrupt because the firm is not disciplined in paying debts (Februansyah & Yanuarti, 2017). Roden and Lewellen (2002) discovered a positive association between profit and overall debt as a percentage of debt payments in their debt research.…”

Section: Introductionmentioning

confidence: 99%

The Pandemic Influence to Firm Size and Financial Ratio on Listed Companies in the Healthcare Industry

Ramdhani,

Mulyono,

Wulandari

2023

ULTIMA Management

View full text Add to dashboard Cite

- During the pandemic, the government enacted policies that restricted people's travel, impacting corporate development across the board. The study's goal is to analyze the influence of the pandemic on firm size and financial ratios of companies listed on the Indonesia Stock Exchange in the Healthcare industry. Market capitalization statistics, return on assets, and debt to equity ratios were used as study samples. To assess the research hypothesis, the Wilcoxon sign rank test was performed. According to the findings of the study, return on assets decreased significantly during the pandemic, debt to equity ratio remained stable and did not vary significantly, and company size increased significantly during the pandemic. Companies in the post-pandemic period must pay close attention to the proper composition of funding sources in order to boost profitability and gain the trust of investors. Keywords: Debt to Equity; Financial Ratio; Firm Size; Pandemic Covid-19; Return on Asset

show abstract

Pengaruh Financial Leverage terhadap Financial Performance pada Sektor Industri Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2015

Cited by 3 publications

References 0 publications

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

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

Testing marketing expenses role on the relation between leverage and performance

The Pandemic Influence to Firm Size and Financial Ratio on Listed Companies in the Healthcare Industry

Contact Info

Product

Resources

About