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JURNAL BISNIS DAN AKUNTANSI
Vol. 15, No. 1a, Is. 3, November 2013, Hlm. 39-48

FAKTOR-FAKTOR YANG MEMPENGARUHI PROFITABILITAS PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

HANDY NOERYANTO

STIE Trisakti
handy@stietrisakti.ac.id

 

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Official URL:
http://www.tsm.ac.id/JBA/JBAVOL15/FAKTOR-FAKTOR YANG MEMPENGARUHI PROFITABILITAS PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

ABSTRACT:

The purpose of this study is to identify the factors that influence profitability of manufacturing companies that listed in Indonesian Stock Exchange. This study is based on signalling theory and agency theory. The profitability determinants tested are management working capital, liquidity, firm size, firm age, financial leverage, and sales growth. The research data was obtained from financial statement of manufacturing companies that listed in Indonesian Stock Exchange for period 2010 until 2012. The study uses six independent variables and method selection sample in this research is purposive sampling method. The proxy for profitability is return on assets. The research uses multiple regression. The results of this study show that firm size and firm age positively influenced the profitability of manufacturing companies. Financial leverage negatively affected the profitability. This study also reveals that management working capital, liquidity, and sales growth are not the determinants of profitability.

Keyword :Profitability, Management Working Capital, Return on Assets, Signalling Theory, and Agency Theory.
 
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