Journal of Applied Islamic Economics and Finance
Vol. 5 No. 2 (2025): Journal of Applied Islamic Economics and Finance (Februari 2025)

Analysis of Financial Performance (Leverage, Company Size, and Profitability) in Sharia Insurance Companies Listed on the OJK for the 2020–2022 Period

Aini, Risma Nurul (Unknown)
Kristianingsih, Kristianingsih (Unknown)

Article Info

Publish Date
29 Oct 2025

Abstract

This study aims to analyze the financial performance of Islamic insurance companies in Indonesia based on leverage, company size, and profitability for the 2020–2022 period. Amidst the economic instability caused by the COVID-19 pandemic, fluctuations in profitability were observed, particularly in Return on Assets (ROA). Using the Vector Autoregressive (VAR) method, this quantitative study evaluated data from 37 Islamic insurance companies registered with the Financial Services Authority (OJK). Results revealed a short-run relationship among variables with no cointegration in the long term. Leverage and firm size significantly influence profitability, with shocks and dynamic interactions mapped through impulse response and variance decomposition analysis.

Copyrights © 2025




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Journal of Applied Islamic Economics and Finance
Website

Abbrev

jaief

Publisher

Politeknik Negeri Bandung

Subject

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

Description

Journal of Applied Islamic Economics and Finance is a journal published by the Accounting Department of Politeknik Negeri Bandung, Indonesia. JAIEF (e-ISSN: 2746-6213) is published thrice a year (October, February, and June). As the name implies, this journal brings two major themes, namely Islamic ...