Jurnal Riset Akuntansi dan Bisnis
Vol 15, No 2

PENGARUH KINERJA KEUANGAN TERHADAP DEVIATION ACTUAL GROWT RATE DARI SUSTAINABLE GROWTH RATE

Barbara Gunawan (Fakultas Ekonomi Universitas Muhammadiyah Yogyakarta)
Dian Puteri Leonnita (Fakultas Ekonomi Universitas Muhammadiyah Yogyakarta)



Article Info

Publish Date
23 Jan 2018

Abstract

The purpose of this research wa to analyze the influence of financial performance to the deviation of  actual growth rate of sustainable growth rate with the financial performance includes of profitability, liquidity, leverage, and asset management. This reseacrh uses secondary data are derived of the financial statements companies listed on the Indonesian Stock Exchange and Kuala Lumpur Stock Exchange during 2013-3014. This research used a purposive sampling method and obtained as much as 186 companies consist of 72 companies from Indonesia and 76 companies from Malaysia. The method of analysis in this study using multiple linear regression with SPSS 20.0.  The results showed that return on asset (ROA), current ratio (CR), debt to equity ratio (DER), and inventory turnover (IT) together have a significant effect on the deviation actual growth rate from sustainable growth rate in Indonesia but haven’t a significant effect in Malaysia. The partial test result showed that CR has negative significant effect to dependent variable in Indonesia but hasn’t significant effect to dependent variable in Malaysia. DER has positive significant effect to dependent variable in Indonesia but hasn’t significant effect to dependent variable in Malaysia. IT has negative significant effect to dependent variable in Malaysia but hasn’t significant effect to dependent variable in Indonesia. ROA has no significant effect to variable dependen in Indonesia and Malaysia.  

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Journal Info

Abbrev

akuntan

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Description

JURNAL RISET AKUNTANSI DAN BISNIS, published by the Departement Accounting, Faculty of Economics and Business, University of Muhammadiyah Sumatera Utara (UMSU), Medan, North Sumatra, Indonesia, which includes articles on the scientific research field of Management Sciences, includes the results of ...