Jurnal Scientia
Vol. 13 No. 02 (2024): Education and Sosial science, March - May 2024

Analysis Of Factors Affecting Financial Performance In Construction Sector Bumn Companies 2017-2022

Faizal Rahmad (Magister Manajemen, Universitas Bakrie Jakarta)
Dudi Rudianto (Dosen Magister Manajemen, Universitas Bakrie Jakarta)



Article Info

Publish Date
16 May 2024

Abstract

The aim of this research is to investigate whether corporate governance mechanisms, solvency, and corporate social responsibility simultaneously influence the financial performance of state-owned enterprises (SOEs) in the construction sector. The data used are from SOE companies in the construction sector in Indonesia listed on the Indonesia Stock Exchange (IDX) for the years 2017-2022. The research employs a quantitative method with an associative approach. The analytical model begins with tabulating and categorizing quantitative data, followed by testing the data's normality using Eviews 9 software. Subsequently, classic assumption tests were conducted to obtain unbiased best linear estimators, and panel data regression estimation is performed using the common effect model, fixed effect model, and random effect model approaches. The research results reveal that public ownership and debt to asset ratio have a significant negative impact on financial performance, institutional ownership and debt to equity ratio have a significant positive impact on financial performance, and there is no significant impact of the global reporting initiative on financial performance. Thus, it can be concluded that corporate governance mechanisms, solvency, and corporate social responsibility have a significant simultaneous impact on the financial performance of state-owned enterprises in the construction sector.

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Journal Info

Abbrev

pendidikan

Publisher

Subject

Education Mathematics

Description

Scientific Journal is a publication by Sean Institute, which is devoted to the field of education with the topic of Learning Effectiveness studies, Analysis of Learning Influences, Application of Learning Models and the development of instructional media; we also invite the teachers, researchers, ...