LIQUIDITY, SOLVABILITY AND FINANCIAL PERFORMANCE (STUDY ON MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE)
Abstract
Good company performance will be able to help management in achieving the company's goals. The higher the company's performance, the better the company's value in the eyes of investors. Assessment of the company's financial performance is one of the ways that management can meet its obligations to funders and also achieve the goals set by the company. The purpose of this study is to test and analyze the effect of liquidity, debt to assets ratio solvency and equity ratio affect the profitability of Return On Assets of manufacturing companies listed on the Indonesia Stock Exchange from 2015 to 2019. This research data is panel data where panel data is a combination of cross section and time series. The samples in this study were nine pulp and paper sub-sector manufacturing companies listed on the Indonesia Stock Exchange from 2015 to 2019. Data analysis techniques using panel data regression analysis. The results explain that the liquidity ratio calculated by cash ratio has no significant effect on financial performance. The solvency ratio calculated by the Debt to Assets Ratio affects financial performance. The solvency ratio calculated by the Debt to Equity Ratio affects the company's financial performance.
Downloads
Published
Issue
Section
License
PERCIPIENCE The International Journal of Social, Administration, & Entrepreneurship with registration number of ISSN xxxx-xxxx (online) published by Faculty of Administrative Science of the University of Islam Malang by applying copyright and License.
Copyright:
- Copyright in each text is the property of the author.
- The author agrees that JISoP has the right to the first license issued with a Creative Commons Attributions-ShareAlike 4.0 International License.
- The author can write the article separately through non-exclusive distribution with other versions related to the article that was first published in the Jurnal Inovasi Ilmu Sosial dan Politik (JISoP).
Licence:
- Attribution: You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- ShareAlike: If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
- No additional restrictions: You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
You are free to:
- Share a copy and redistribute this material in any form or format.
- Change and make derivatives of this material for any purpose, including commercial interests.
- The licensor cannot revoke the above conditions as long as authors comply with the terms of this license.
Â
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.