Journal of Applied Finance & Accounting
Vol. 11 No. 1 (2024): Publish on June 2024

FACTORS AFFECTING FINANCIAL PERFORMANCE COMPANY: STUDY FOR BISNIS27 LISTED COMPANY AT INDONESIA STOCK EXCHANGE

Vita Marina, Diana (Unknown)
Winoto, Agustinus (Unknown)



Article Info

Publish Date
30 Jun 2024

Abstract

The research objective is to measure whether company size, industry sensitivity, government ownership, liquidity and company age affect the financial performance of company that listed in Index BISNIS-27 between year 2021-2023. Data that use is secondary data and purposive sampling method. Data collected from list of company Index BISNIS-27 that listed on Indonesia Stock Exchange and consistently listed between 2021-2023. Index BISNIS-27 is an index that evaluated by the price performance from 27 shares that determined by the Indonesian Business Index Committee (idx.co.id). The data collected were processed using SmartPLS 4. From the analysis results liquidity (current ratio) has p values 0.044 (less than 0.05) and company size has p values 0.025 (less than 0.05). Meanwhile, the industry sensitivity has p values 0.158 (more than 0.05), government ownership has p values 0.392 (more than 0.05), and company age has p values 0.145 (more than 0.05). The research concludes that liquidity (current ratio), and company size positively and significantly affect on a company financial performance. Meanwhile, the industry sensitivity, government ownership, and company age positively and insignificantly affect on a company financial performance.

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Journal Info

Abbrev

JAFA

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Applied Finance & Accounting (JAFA) showcases useful theoretical and methodological results with the support of interesting empirical applications in the area of Finance and Accounting. Purely theoretical and methodological research with the potential for important applications is also ...