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The Effect of Capital Structure on Financial Performance in Food and Beverage Subsector Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) for the Period 2017-2022. Ernawati Ridjal; Masdar Mas’ud; Asdar Djamereng
Economos : Jurnal Ekonomi dan Bisnis Vol. 8 No. 1 (2025): ECONOMOS : Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31850/economos.v8i1.3192

Abstract

This study was conducted with the following objectives: (1) to determine and analyze the effect of the Debt to Equity Ratio (DER) on Return on Equity (ROE) in food and beverage sector companies listed on the Indonesia Stock Exchange (IDX); (2) to determine and analyze the effect of the Debt to Asset Ratio (DAR) on ROE in food and beverage sector companies listed on the IDX; (3) to determine and analyze the effect of the Equity to Asset Ratio (EAR) on ROE in food and beverage sector companies listed on the IDX. This research approach is quantitative, specifically causal-comparative research, using secondary data from financial reports. The population in this study consists of 84 companies, and using purposive sampling techniques, a sample of 22 companies over a period of 3 years was obtained. Data analysis was conducted using multiple linear regression analysis with the help of Statistical Package for the Social Sciences (SPSS 25) software. The results of this study indicate that (1) DER has a negative and significant effect on ROE in manufacturing companies in the food and beverage subsector listed on the IDX; (2) capital structure with the DAR variable has a positive and significant effect on ROE in manufacturing companies in the food and beverage subsector listed on the IDX; (3) EAR has a negative and significant effect on ROE in manufacturing companies in the food and beverage subsector listed on the IDX.
Analisis Kesulitan Keuangan Pada Perusahaan Kosmetik dan Barang Keperluan Rumah Tangga di BEI Tahun 2023 Nurwahida Mustika Diyanti; Bahar Sinring; Asdar Djamereng
Center of Economic Students Journal Vol. 8 No. 4 (2025): October-December (2025)
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56750/156g2173

Abstract

Penelitian ini bertujuan untuk menganalisis tingkat kesulitan keuangan pada perusahaan manufaktur yang bergerak di subsektor kosmetik dan barang keperluan rumah tangga yang tercatat di Bursa Efek Indonesia (BEI) pada tahun 2023. Metode penelitian yang digunakan adalah pendekatan kuantitatif deskriptif dengan memanfaatkan data sekunder yang diperoleh dari laporan keuangan tahun 2023 yang telah dipublikasikan melalui situs resmi BEI masing-masing perusahaan. Pemilihan sampel dilakukan dengan metode purposive sampling berdasarkan kriteria tertentu, sehingga diperoleh enam perusahaan yang memenuhi syarat dan dijadikan sebagai sampel penelitian. Berdasarkan hasil analisis laporan keuangan menggunakan metode Altman Z-Score, diketahui bahwa tiga perusahaan berada dalam kategori aman (safe zone), satu perusahaan berada dalam kategori abu-abu (grey zone), dan dua perusahaan tergolong dalam kategori kesulitan keuangan (distress zone).