PENGARUH LAPORAN ARUS KAS, UMUR PERUSAHAAN, DAN UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN (Studi Empiris Perusahaan LQ45 yang terdaftar di BEI Periode 2018-2020)

Abstract

The study aims to analyze the impact the company's cash flow statements, firm age, and firm size on financial performance. The population in this study is the LQ45 company listed in the BEI 2018-2020 period. The data was analyzed using the regression panel data. Research indicates that the unequaled cash flow report, firm age, and firm size have no effect on financial performance. This finding is factually contradictory to the theoretical explanation, so it cannot be used as a general reference. However, what can be explained is that there is no regression model that can be used in this study, indicating that a company's financial performance is not enough just to be seen or assessed from some data. As a result, the results of the study have not been able to reveal relevant findings. Nevertheless, this is evidence of the importance of a study to accommodate all aspects, so that the research results can explain the existing phenomena.

Financial Performance and Some Factors that Influence: An Empirical Study on Manufacturing Company

“…Istiyandra and Susila [15] concluded that firm age has a significant influence on financial performance. However, other studies from Sitanggang et al [27] state that the firm age does not have a significant influence on financial performance. H3: Firm age has a positive and significant effect on financial performance.…”

“…This means that companies with a long life but not accompanied by an increase in operations, cause the production of goods will decrease and have an impact on the company's profits. However, Sitanggang et al [27] stated that the age of the company does not have a significant influence on financial performance.…”

Influence of Company age and Profitability on the Financial Distress of IDX Listed Manufacturing Companies 2020-2022

“…An information includes a note or description as well as the condition of the company's description. For manufacturing companies, this is done in the form of financial reports that contain all accurate and reliable information about companies and investments that will be useful in supporting successful business development (Sitanggang et al, 2021).…”

Financial Performance and Their Effects on Basic Material Companies in Indonesia

“…These companies usually have a good reputation so they can earn high profit margins when selling goods (Endaryono, Nurhayati, and Setiawati, 2019). According to research from (Melania & Tjahjono, 2022) and (Sitanggang, 2021) says that the older the firm means it does not guarantee that it will always go according to plan in generating profits. The age of the firm will show a lot of experience, but showing a lot of experience does not make the firm generate maximum profits.…”