STUDI EMPIRIS: HUBUNGAN INFLASI, SUKU BUNGA, LIKUIDITAS, DAN LEVERAGE TERHADAP PROFITABILITAS

Authors

  • Ady Inrawan Sekolah Tinggi Ilmu Ekonomi Sultan Agung
  • Ruth Tridianty Sianipar Sekolah Tinggi Ilmu Ekonomi Sultan Agung
  • Juan Anastasia Putri Sekolah Tinggi Ilmu Ekonomi Sultan Agung
  • Hery Pandapotan Silitonga Sekolah Tinggi Ilmu Ekonomi Sultan Agung

DOI:

https://doi.org/10.37403/financial.v10i2.646

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh inflasi, suku bunga, likuiditas, dan leverage terhadap profitabilitas. Data yang digunakan dalam penelitian ini adalah data sekunder perusahaan sektor properti dan real estate BEI periode 2019–2023. Penelitian ini menggunakan data panel dengan sampel sebanyak 45 perusahaan yang dipilih menggunakan teknik purposive sampling, menghasilkan 225 observasi. Analisis dilakukan dengan metode regresi data panel menggunakan perangkat lunak EViews 13, dengan model terbaik yang dipilih melalui uji Chow, Hausman, dan Lagrange Multiplier. Hasil penelitian menunjukkan bahwa secara simultan, inflasi, suku bunga, likuiditas, dan leverage berpengaruh signifikan terhadap profitabilitas. Secara parsial, likuiditas berpengaruh positif, sedangkan inflasi, suku bunga, dan leverage tidak berpengaruh terhadap profitabilitas. Penelitian ini memberikan implikasi bahwa perusahaan perlu memprioritaskan pengelolaan likuiditas yang baik dan strategi mitigasi risiko ekonomi makro guna menjaga kinerja keuangan yang stabil

References

Bintara, R. (2020). The Effect of Working Capital, Liquidity and Leverage on Profitability. Saudi Journal of Economics and Finance, 04(01), 28–35. https://doi.org/10.36348/sjef.2020.v04i01.005

Brigham, E. F., & Houston, J. F. (2020). Dasar-Dasar Manajemen Keuangan (14th ed.). Salemba Empat.

Hamidah, H. (2016). Analysis of Factors Affecting the Capital Structure and Profitability in Indonesian’s Manufacturing Company Year 2009 - 2013. Jurnal Keuangan Dan Perbankan, 20(2), 167–175. https://doi.org/10.26905/jkdp.v20i2.1473

Handayani, R. H., Indarto, I., & Santoso, A. (2022). Determinants of firm value with profitability as intervening variables. Asian Management and Business Review, 2(1), 74–89. https://doi.org/10.20885/ambr.vol2.iss1.art7

Inrawan, A., Lie, D., Nainggolan, L. E., Silitonga, H. P., & Sudirman, A. (2022). Pengaruh Inflasi, Suku Bunga, Kurs, Pertumbuhan Ekonomi, Capital Expenditure, dan Leverage Terhadap Profitabilitas (Studi Pada Perusahaan Indeks LQ 45 Yang Terdaftar Di Bursa Efek Indonesia). Seminar Nasional Hasil Riset Dan Pengabdian Kepada Masyarakat Universitas Sahid Surakarta, 2, 136–155.

Isnurhadi, H., Taufik, H., & Herwanto, D. (2018). The Effect of Macroeconomic Fundamental Factors On Corporate Value Through Financial Performance As Intervening Variables In Manufacturing Companiesn In Indonesia Stock Exchange H. JURNAL MANAJEMEN, 6, 1–26. http://jurnal.unpal.ac.id/index.php/jm/article/view/176/143

Khotijah, N. Z., Suharti, T., & Yudhawati, D. (2020). Pengaruh Tingkat Suku Bunga Dan Inflasi Terhadap Profitabilitas. Manager : Jurnal Ilmu Manajemen, 3(1), 40. https://doi.org/10.32832/manager.v3i1.3831

Krismunita, D., & Imronudin, I. (2021). the Effect of Liquidity and Leverage on Company Value With Profitability As a Mediating Variable on Manufacturing Companies Listed on the Indonesia Stock Exchange for the Period of 2017-2019. Journal of Management and Islamic Finance, 1(2), 231–248. https://doi.org/10.22515/jmif.v1i2.4102

Makhdalena, M. (2018). Pengaruh Blockholders Ownership, Firm Size Dan Leverage Terhadap Kinerja Keuangan Perusahaan. EKUITAS (Jurnal Ekonomi Dan Keuangan), 18(3), 277–292. https://doi.org/10.24034/j25485024.y2014.v18.i3.136

Mishkin, F. S. (2017). Ekonomi Uang Perbankan Dan Pasar Keuangan (11 Buku 1). Salemba Empat.

Nguyen, T. T. C., Le, A. T. H., & Nguyen, C. Van. (2024). The Impact of Liquidity and Corporate Efficiency on Profitability. Emerging Science Journal, 8(1), 180–191. https://doi.org/10.28991/ESJ-2024-08-01-013

Nugraha, N. M., Sulastri, L., Nugraha, D. N. S., Puspitasari, D. M., & Putra, R. G. (2020). Effect of Leverage and Liquidity on Financial Performance of Companies in the Property and Real Estate Sub Sector in Indonesia. Global Business & Management Research, 17(10), 3675–3688. https://archives.palarch.nl/index.php/jae/article/view/5993

Putong, I. (2013). Economics Pengantar Mikro dan Makro (Cecep Hida). Mitra Wacana Media.

Ramadhanti, A. A., Amaliawiati, L., & Nugraha, N. M. (2021). Inflation, Leverage, and Company Size and Their Effect on Profitability. Journal of Applied Accounting and Taxation, 6(1), 63–70. https://www.neliti.com/id/publications/420331/inflation-leverage-and-company-size-and-their-effect-on-profitability

Ripaluddin, Pasulu, M., & Taufiq, A. (2023). The Effect of Liquidity and Leverage on Firm Value Through Profitability at PT . Indofood Sukses Makmur Tbk. Jurnal Economic Resources, 6(1), 47–55. https://doi.org/https://doi.org/10.57178/jer.v6i1.532

Setyaningsih, C. A., Sriwidodo, U., & Utami, S. S. (2018). Analisis pengaruh suku bunga, inflasi, dan nilai tukar rupiah terhadap profitabilitas bank umum swasta nasional di bursa efek indonesia. Jurnal Ekonomi Dan Kewirausahaan, Vol. 18 No, 323–331. https://ejurnal.unisri.ac.id/index.php/Ekonomi/article/view/2394

Suhendry, W., Toni, N., & Simorangkir, E. N. (2021). Effect of Debt to Equity Ratio and Current Ratio on Company Value with Return on Assets as Intervening Variable in Consumer Goods Industrial Companies Listed on the Indonesia Stock Exchange for the 2015–2018 Period. Journal of Economics, Finance And Management Studies, 04(08), 1444–1449. https://doi.org/10.47191/jefms/v4-i8-22

Sukirno, S. (2014). Ekonomi Pembangunan: Proses, masalah, dan dasar Kebijakan (2nd ed.). Kencana Prenadamedia Group.

Tandelilin, E. (2021). Pasar Modal Manajemen Fortofolio & Investasi (G. Sudibyo (ed.); Cetakan Ke). PT Kanisius.

Tui, S., Nurnajamuddin, M., Sufri, M., & Nirwana, A. (2017). Determinants of Profitability and Firm Value: Evidence from Indonesian Banks. IRA-International Journal of Management & Social Sciences (ISSN 2455-2267), 7(1), 84. https://doi.org/10.21013/jmss.v7.n1.p10

Zulfiqar, Z., & Din, N. U. (2015). Inflation, Interest rate and firms’ performance: the evidences from textile industry of Pakistan. International Journal of Arts and Commerce, 4(2). https://www.semanticscholar.org/paper/Inflation%2C-Interest-rate-and-firms%27-performance%3A-of-Zulfiqar-Din/f2a1300b15f83b22f23ac3efc8855483fc94d2f6

Downloads

Published

2024-12-27

How to Cite

Inrawan, A., Sianipar, R. T., Putri, J. A., & Silitonga, H. P. (2024). STUDI EMPIRIS: HUBUNGAN INFLASI, SUKU BUNGA, LIKUIDITAS, DAN LEVERAGE TERHADAP PROFITABILITAS. FINANCIAL: JURNAL AKUNTANSI, 10(2), 304–316. https://doi.org/10.37403/financial.v10i2.646

Issue

Section

Articles

Most read articles by the same author(s)

1 2 3 4 5 > >>