FAKTOR-FAKTOR YANG MEMPENGARUHI KINERJA KEUANGAN PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BEI 2015-2021
DOI:
https://doi.org/10.37932/je.v13i2.816Kata Kunci:
Tobins'Q, financial ratios, current ratio, debt to equity ratio, return on assets, company performanceAbstrak
This study aims to determine the effect of several financial ratios on the performance of telecommunications infrastructure provider companies focused on telecommunications tower infrastructure provider companies at PT Sarana Menara Nusantara Tbk, PT Tower Bersama Infrastruktur Tbk, PT Solusi Tunas Pratama Tbk, PT Centratama Telekomunikasi Indonesia Tbk and PT Bali Towerindo Sentra for the 2015 - 2021 period taking into account the current ratio (CR), debt to equity ratio (DER) and return on asset ratio (ROA). The method used in this research is descriptive method with quantitative approach. The data analysis technique in this study uses the Tobin's Q value ratio. The results show that the variable current ratio (CR), debt to equity ratio (DER) and return on asset ratio (ROA) together have significant effect on company performance of Tobin's Q for telecommunications companies, the current ratio (CR) variable has negative effect but not significant on the company performance of the Tobin's Q proxy, then the debt to equity ratio (DER) variable has positive effect but not significant on the Tobin's Q proxy company performance, and finally the return on assets (ROA) has positive and significant effect on the company performance of the Tobin's Q proxy for telecommunications tower provider companies.Referensi
Afinindy, I., & Budiyanto. (2017). Pengaruh DER, PER, ROE Terhadap Return Saham Perusahaan Telekomunikasi. Jurnal Ilmu dan Riset Manajemen., 6(6).
Afriadin, Susyanti, J., & Khoirul, M. (2018). Analisis Perbandingan Kinerja Keuangan Perusahaan Telekomunikasi yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2014-2017. Studi Kasus pada PT. XL Axiata Tbk dan PT. Indosat Tbk. Jurnal Riset Manajemen.
Annisa, R. &. (2017). ). Analisis Pengaruh Current Ratio (CR), Debt to Equity Ratio (DER), Return on Asset (ROA) Terhadap Price to Book Value (PBV), dengan Devidend Payout Ratio (DPR) Sebagai Variabel Intervening. Diponegoro Journal of Management, 5(1), 1-12.
Azhari. (2014). Pengaruh Kebijakan Deviden, Kebijakan Hutang dan Profitabilitas Terhadap Nilai Perusahaan Manufaktur Sektor Pertambangan Terdaftar di Bursa Efek Indonesia Periode 2019 – 2014. Jurnal Business Administration, 5(1), 1-18.
Basuki, A. T. (2017). Pengantar Ekonometrika. Bandung: Alfabeta.
Enekwe, C. I., Agu, C. I., & Nnagbogu, E. K. (2014). The Effect of Financial Leverage on Financial Performance: Evidence of Quoted Pharmaceutical Companies in Nigeria. Journal of Economics and Finance, 5(3), 17-25.
https://selular.id/2020/07/membandingkan-empat-provider-digital-pilihan-anak-muda/. (2020). Retrieved from https://selular.id.
Indonesia, B. E. (n.d.). https://www.idx.co.id/id/perusahaan-tercatat/laporan-keuangan-dan-tahunan/. Retrieved 2023, from https://www.idx.co.id/id.
Jermsittiparsert, K., Ambarita, D. E., Mihardjo, L. W., & Ghani, E. K. (2019). Risk-Return Through Financial Ratios as Determinants of Stock Price: a Study From Asean Region. Journal of Security and Sustainability Issues, 9(1), 199-210.
Kasmir. (2013). Analisis Laporan Keuangan. Jakarta: Rajawali Pers.
Krisnando. (2019). Pengaruh Return On Asset Terhadap Nilai Perusahaan dengan Kepemilikan Manajerial Sebagai Variabel Moderasi. STEI Ekonomi, 28(2).
Liviani, R., & Rachman, Y. T. (2021). The Influence Of Leverage, Sales Growth, and Dividend Policy on Company Value. International Journal of Financial, Accounting, and Management. 3(2), 165-178.
Nainggolan, I. P., & Pratiwi, M. W. (2017). Analisis Faktor-faktor yang Mempengaruhi Kinerja Keuangan Perusahaan. Jurnal Media Ekonomi dan Manajemen, 32(1).
Prasetyorini, B. F. (2013). Pengaruh Ukuran Perusahaan, Price Leverage, Earning Ratio dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Ilmu Manajemen, 1(1), 183-196.
Prawirodipoero, G. M., Rahadi, R. A., & Hidayat, A. (2019). The Influence of Financial Ratios Analysis on the Financial Performance of Micro Small Medium Enterprises in Indonesia. Review of Integrative Business and Economics Research, 8(4), 393-400.
Rahmawati, S. A. (2021). Pengaruh Debt to Equity Ratio dan Net Profit Margin Terhadap Price to Book Value Pada Perusahaan Sub Sektor Tourism, Restaurant, dan Hotel yang Terdaftar di BEI Periode 2015-2019. Jurnal Inovatif Manajemen, 1(3), 279-289.
Ramadhani, S., & Fitra, H. (2019). Pengaruh Rasio Likuiditas, Pofitabilitas dan Struktur Aktiva terhadap Struktur Modal Pada Perusahaan Telekomunikasi Indonesia yang terdaftar di BEI Periode 2010-2017. Jurnal Kajian Manajemen dan Wirausaha, 1(1), 259-269.
Rodoni, A., & Ali, H. (2014). Manajemen Keuangan Modern. Jakarta: Mitra Wacana Media.
Shabrina, W., & Hadian, N. (2021). The Influence of Current Ratio, Debt To Equity Ratio, and Return on Assets on Dividend Payout Ratio. International Journal of Financial, Accounting, and Management, 3(3), 193-204.
Sondakh, R. (2019). The Effect of Dividend Policy, Liquidity, Profitability and Firm Size on Firm Value in Financial Service Sector Industries Listed in Indonesia Stock Exchange 2015-2018 Period. 9(2), 91-101.
Sugianto, I., & Nugraha. (2017). Analisis Komparatif Metode Rasio Keuangan dan Economic Value Added untuk Menilai Kinerja Keuangan Perusahaan. Jurnal Economica, 2(2).
Sugiono. (2012). Statistik Untuk Penelitian. Bandung: Alfabeta.
Tauke, P. Y. (2017). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Real Estate dan Property yang Terdaftar di Bursa Efek Indonesia Tahun 2021-2015. ISSN 2303, 5(2), 919-927.
Tim Peneliti Puslitbang SDPPI. (n.d.). Studi Analisis Industri Telekomunikasi Indonesia untuk Mendukung Efisiensi. 2018: Kominfo, Jakarta.
Ulum, H., Mardani, R. M., & Wahono, B. (2017). Analisis Perbandingan Kinerja Keuangan Perusahaan Telekomunikasi yang Tercatat Di BEI (Studi kasus pada PT. Telekomunikasi Indonesia Tbk. dan PT. Indosat Tbk. periode 2006 – 2015). E – Jurnal Riset Manajemen.
Umaroh, S. (2018). Pengaruh Keputusan Investasi dan Kebijakan Hutang Terhadap Nilai Perusahaan (Perusahaan Telekomunikasi yang Terdaftar Di BEI 2013-2017). Jurnal Manajemen, 4(1), 20-24.
Wardoyo, & Purnomo, J. (2018). Analisis Kinerja Keuangan Perusahaan Telekomunikasi dengan Menggunakan Analisis Sistem Du Pont. 20(2).
Yuniningsih, Pertiwi, T. K., & Purwanto, E. (2019). Fundamental Factor of Financial Management in Determining Company Values. Management Science Letters, 9, 205–216.
##submission.downloads##
Diterbitkan
Cara Mengutip
Terbitan
Bagian
Lisensi
Hak Cipta (c) 2023 Jurnal Ekobis : Ekonomi Bisnis & Manajemen
Artikel ini berlisensiCreative Commons Attribution-ShareAlike 4.0 International License.
Copyright Notice
Copyright
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgment of initial publication in this journal.
Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges and earlier and greater citation of published work (See The Effect of Open Access).
License
You are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material
- for any purpose, even commercially.
Under the following terms:
-
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.
Jurnal Ekobis: Ekonomi Bisnis & Majemen is licenced under Creative Commons Attribution-ShareAlike 4.0 International (CC BY-SA 4.0).
Privacy Statement
The names and email addresses entered in this journal site will be used exclusively for the stated purposes of this journal and will not be made available for any other purpose or to any other party.