International Journal of Economics, Business and Innovation Research
Vol. 3 No. 06 (2024): International Journal of Economics, Business and Innovation Research (IJEBIR)

The Effect of Diversification and Business Risk on Financial Performance of Manufacturing Companies in the Various Industries Sector on the Indonesia Stock Exchange in 2019-2022

Nisrina Khairani Solinah (Unknown)
Zuhrotul Isnaini (Unknown)

Article Info

Publish Date
05 Nov 2024

Abstract

This study aims to analyze the impact of diversification and business risk on the financial performance of various industrial sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) in the 2019-2022 period using the Path Analysis model. The variables studied were the Herfindahl Index, Return On Assets, and Business Risk. The main data of this research comes from secondary data. The sampling method used purposive sampling method. The results state that diversification affects financial performance, business risk affects financial performance, diversification does not affect business risk, and business risk does not serve as a mediator in the relationship between diversification and financial performance.

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Journal Info
International Journal of Economics, Business and Innovation Research
Website

Abbrev

IJEBIR

Publisher

CV. Cita Utilitas Utama

Subject

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

Description

International Journal of Economics, Business and Innovation Research (IJEBIR) is a high quality open access peer reviewed research journal. providing a platform for the researchers, academicians, professional, practitioners and students to impart and share knowledge in the form of high quality ...