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Journal : Journal of Contemporary Accounting

Does financial performance follow firm life cycle? Evidence from Indonesian firms M Kemal Al Rasyid; Poppy Nurmayanti; Hariadi
Journal of Contemporary Accounting Volume 4 Issue 2, 2022
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol4.iss2.art4

Abstract

This study aims to determine whether the asset turnover ratio, current ratio, debt ratio and return on net worth influences profitability at each firm life cycle stages in manufacturing companies on the Indonesia Stock Exchange. The study only focuses on introduction stage and growth stage. The classification at each stage of the firm life stages uses the sales growth variable to categorize it. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The sampling technique in this study used purposive sampling technique and obtained a sample of 36 companies. The data analysis method used is panel data multiple regression analysis. The results indicate that at introduction stage only debt ratio and return on net worth that found has a significance influences on profitability. At growth stage almost all independent variable has a significance influences on profitability, except current ratio variable.
Co-Authors Afrina Afrina Alamsyah, Mudrika Alfarisy, Ibnu Alfiati Silfi Alfiati Silvi Amani Ruhil Andewi Rokhmawati Andreas Andreas Anggraini, Maiza Annisa Dwi Yuliana Annisa Wulandari Anugrah, Rita Aurelia, Clara Azwir Nasir Azwir Nasir Bayu Adriantama Benny Hamdi Rhoma Putra Cantika, Mona Ayu Citra Rezki Ramadhani David Febryant Dika Miftah Faridh Dira Febrianti Doddy Setiawan Edfan Darlis Edy Darminto Eka Hariyani Eka Lestari Eka Setiawati Eliza Khoirunisa EMRINALDI NUR DP Emrinaldi Nur DP Emrinaldi Nur DP Enni Savitri Evi Suryawati Fifi Nofiani Firzal, Yohannes Fitri Fitri fitri yunina Gusrian, Virgo Hafiz Tri Zuriansyah Hanny Putri Sari Hardi ' Hariadi Hariadi Yasni, Hariadi Harnedi Maizir Herwika, Essi Ibrahim, Malahayati Ika Berty Apriliyani Indrawati, Novita Indriani, Putri Jeni Wardi Kamaliah Kamaliah M Kemal Al Rasyid MAGRETA MAGRETA Malahayati Ibrahim Margaret RMP Mayla Khoiriyah Mega Riska Meisy Dwi Intan Sari Meisy Zahrati Afifah Melta Suplina Mukhlis Mukhlis Nanda Fatmawati Nesya Billa Sausan Niko Andriansyah Nita Wahyuni Novita Indrawati Nurhafida Nurhafida Pipin Kurnia Putri Badriah Mukarromah Rahmita Khairani Asrar Raihan Arditama Harnedi Ramadahniel Islami Reni Suryanita Restu Agusti Ria Nelly Sari Rialdy Rita Anugerah Riyan Hidayat Riztari Anggraini Rokhmawati, Andewi Rosmayani Rosmayani Ruminda Ruminda Samsiar, Samsiar Sem Paulus Sem Paulus Silalahi Sinta Ramaiyanti Siska Rohaliza Supriono Supriono Syarifah Farra Annisa Tiara Dewi Sundari Tumpal Pandiangan Ulfa Afifah, Ulfa Vince Ratnawati Wandrianto, Rio Widiasti Sukmaningrum Wiwik Pujiati Yenita Roza Yesi Mutia Basri Yuana Nurulita Yusma Dani Yusni Maulida Yusralaini Yusralaini