Jurnal Ekonomi
Vol. 27 No. 2 (2022): July 2022

Factors Affecting Firm Efficiency Of Manufacturing Companies Listed In Indonesia Stock Exchange

Kiky Agustina (Faculty of Economics and Business, Trisakti University Jakarta)
Alda Luppianti (Faculty of Economics and Business, Trisakti University Jakarta)
Susy Muchtar (Faculty of Economics and Business, Trisakti University Jakarta)



Article Info

Publish Date
09 Aug 2022

Abstract

This study aims to analyze the effect of financial ratios on company efficiency. This study was conducted using a data sample of 29 manufacturing companies in the various industrial sub-sectors listed on the Indonesia Stock Exchange (IDX) within a reporting period of 5 years (2016 – 2020). The sampling technique uses purposive sampling and uses panel data regression analysis methods. The independent variables in this study consist of leverage, tangibility, working capital, liquidity, productivity, and profitability, while the dependent variable is firm efficiency. The results show that leverage, tangibility, liquidity, and productivity have a significant negative effect on firm efficiency, while working capital, gross profit, and return on equity have no effect on firm efficiency. This finding is expected to be a reference for manufacturing companies in the various industrial sub-sectors in improving company efficiency.

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Journal Info

Abbrev

EJE

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of economics research. Jurnal Ekonomi invites manuscripts on the various topics include, but are not limited to, topics covered include: Business Studies, Ethics Education Issues, Entrepreneurship Services, ...