THE IMPROVEMENT OF CORPORATE PROFITABILITY AND ITS POLICIES

Widya Sari, Camelia Chandra, William Ciawan

Abstract


With this exploration directs to explore the effect of Current Ratio (CR), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) on Return on Equity (ROE) to Dividend Payout Ratio (DPR) and Corporate Social Responsibility (CSR) in the Basic Industrial and Chemical sector which was listed on Indonesia Stock Exchange (IDX) 2015-2019. The population in this exploration amounted to 78 companies and the sample used was 13 companies. The method used in this research is an analysis of multiple linear regression and classical assumption test. The results showed that simultaneously CR, DER, TATO had sig effect on ROE. But, partially CR, DER had no significant effect on ROE, while TATO had sig affect ROE. Partially ROE had a negative sig effect on DPR and Corporate Social Responsibility. The result of coefficient determination with an Adjusted R 2 was 38.8% means the change of ROE had 38.8% can be explained by CR, DER, and TATO meanwhile 61.2% can be explained by the other variables outside from this study. For another analyst, it is suggested to attach other variables as reference material for further research.

Keywords


Profitability; Dividend Payout Ratio; Corporate Social Responsibility; Current Ratio; Debt to Equity Ratio; Total Assets Turnover

Full Text:

PDF

References


Alpi, M. F. 2018. The Influence of The Debt To Equity Ratio, Inventory Turn Over, and Current Ratio Against The Return On Equity in The Pharmaceutical Sector Companies. The 11 th International Workshop and Conference of Asean Studies in Linguistics, Islamic and Arabic Education, Social Sciences and Educational Technology, pp. 758–767. Universiti Kembangan Malaysia.

Animah, A., Sasanti, E., and Bambang, B. 2020. Pengaruh Pertumbuhan Penjualan, ROE, Dan Size terhadap Corporate Social Responsibility. Jurnal Tata Sejuta STIA MATARAM, 6(1), pp. 116–123.

Destari, A. Y. And Hendratno. 2019. Analisis pengaruh Debt to Equity Ratio, Current Ratio, Total Asset Turnover, dan Size terhadap Return on Equity. Journal of Chemical Information and Modeling, 3(1), pp. 1689–1699.

Harahap, S. S. 2015. Analisis Kritis atas Laporan Keuangan. 12th edn. Jakarta: PT. Rajagrafindo Persada.

Jessica, J., Wirda Lilia, Cherlyn Leonardy, Meiluawaty Kartika, and Nehemia Panggabean. 2019. Pengaruh ITO, CR, DER, TATO dan WCTO Terhadap ROE Pada Perusahaan Aneka Industri Terdaftar Di BEI. Berkala Akuntansi dan Keuangan Indonesia, 4(2), p. 43. Doi: 10.20473/baki.v4i2.16792.

Kartini, P. T., Reka Maiyarni, and Wiwik Tiswiyanti. 2019. Pengaruh Return on Asset (ROA), Return on Equity (ROE) dan Ukuran Perusahaan terhadap Corporate Social Responsibility Disclosure. Jurnal Riset Akuntansi dan Keuangan, 7(2), pp. 143–168. Doi: 10.17509/jrak.v7i2.15636.

Kasmir. 2018. Analisis Laporan Keuangan. 8th edn. Jakarta: PT. Rajagrafindo Persada.

Mauludy, M. I. A. And Faiqoh, S. 2019. Penerapan GriG4 sebagai Pedoman Baku Sistem Pelaporan Berkelanjutan bagi Perusahaan di Indonesia. Jurnal Akuntansi Universitas Jember, 16(2), p. 111. Doi: 10.19184/jauj.v16i2.7260.

Murhadi, Werner R. 2013. Analisis Laporan Keuangan, Proyeksi, dan Valuasi Saham. Jakarta: Salemba Empat.

Musthafa, P. D. H. 2017. Manajemen Keuangan. 1st edn. Yogyakarta: CV. Andi Offset.

Pongrangga, R. A., Moch. Dzulkirom, and Muhammad Saifi. 2015. Pengaruh Current Ratio, Total Asset Turnover dan Debt to Equity Ratio terhadap Return On Equity (Studi pada Perusahaan Sub Sektor Property dan Real Estate yang Terdaftar di BEI periode 2011-2014). Jurnal Administrasi Bisnis S1 Universitas Brawijaya, 25(2), p. 86188.

Pratiwi, R. D. Et al. 2016. Pengaruh Return on Equity, Debt to Equity Ratio, Current Ratio, dan Firm Size terhadap Price Earning Ratio Perusahaan Manufaktur yang Terdaftar di BEI, Jurnal Ekonomi Bisnis, 21(Skripsi. Program Studi Manajemen, Fakultas Ekonomi, Universitas Negeri Yogyakarta), p. 136.

Sanjaya, I Dewa Gd Gina, I Md. Surya Negara Sudirman, and M. Rusmala Dewi. 2015. Pengaruh Likuiditas dan Aktivitas terhadap Profitabilitas pada PT. PLN (Persero). E-Jurnal Manajemen Universitas Udayana, 4(8), p. 247517.

Sartono, D. R. A. 2015. Manajemen Keuangan Teori dan Aplikasi. 4th edn. Yogyakarta: BPFE-Yogyakarta.

Sitanggang, D. J. P. 2014. Manajemen Keuangan Perusahaan. 2nd edn. Jakarta: Mitra Wacana Media.

Sulaeman, M. 2018. Pengaruh Return on Equity (ROE) terhadap Dividend Payout Ratio (DPR). Jurnal Riset Akuntansi dan Keuangan, 1(1), pp. 73–88.

Supardi, Herman, H. Suratno H. Suratno, and Suyanto Suyanto. 2016. Pengaruh Current Ratio, Debt to Asset Ratio, Total Asset Turnover dan Inflasi terhadap Return on Asset. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 2(2), pp. 16–27. Doi: 10.34204/jiafe.v2i2.541.

Syaifullah, H. 2014. Buku Praktis Akuntansi Biaya & Keuangan. 1st edn. Jakarta Timur: Laskar Aksara.

Wahyudiono, B. 2014. Mudah Membaca Laporan Keuangan. 1st edn. Jakarta: Raih Asa Sukses.




DOI: http://dx.doi.org/10.21776/ub.jam.2021.019.01.03

Refbacks

  • There are currently no refbacks.