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All Journal ProBisnis : Jurnal Manajemen
Diana Safira
Program Studi Manajemen, Fakultas Ekonomi dan Bisnis Universitas Potensi Utama Medan
Humanities Computer Science & IT Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

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Pengaruh Kualitas Laba, Kebijakan Dividen, dan Cash Holdings Terhadap Kinerja Keuangan Pada Sektor Energi Yang Terdaftar di Bei Tahun 2020-2024 Diana Safira; Asnahwati
ProBisnis : Jurnal Manajemen Vol. 16 No. 06 (2025): December: Management Science
Publisher : Lembaga Riset, Publikasi dan Konsultasi JONHARIONO

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Abstract

This study analyzes the influence of Profit Quality, Dividend Policy, and Cash Holdings on Financial Performance of energy sector companies. Using a quantitative approach with regression analysis, this research aims to test for partial and simultaneous relationships. The results of the partial tests show significant findings. Profit Quality has a negative and significant effect on Financial Performance (t-statistic = -93.373; sig = 0.000), indicating that lower profit quality can harm performance. Similarly, Dividend Policy has a negative and significant effect (t-statistic = -43.320; sig = 0.000), implying that higher dividend payouts can reduce funds for investment and negatively impact performance. In contrast, Cash Holdings have a positive and significant effect (t-statistic = 94.891; sig = 0.000), demonstrating that higher cash reserves can improve financial performance. Simultaneously, the three variables combined have a significant influence on Financial Performance (sig = 0.000). The research model is considered a good fit, with very high predictive power. This conclusion affirms that Profit Quality, Dividend Policy, and Cash Holdings are crucial factors that collectively influence financial performance in the energy sector.
Co-Authors Asnahwati