Journal of Management and Creative Business
Vol. 4 No. 4 (2026): Oktober : Journal of Management and Creative Business

Pengaruh Beban Underwriting dan Arus Kas Operasional terhadap Profitabilitas pada Bei : Studi Kasus PT Asuransi Bina Dana Arta Tbk

Elisabet Pali (Universitas Kristen Indonesia Toraja)
Yohanis L. Tadung (Universitas Kristen Indonesia Toraja)
Deni Rizky Toding Bua (Universitas Kristen Indonesia Toraja)



Article Info

Publish Date
01 Oct 2026

Abstract

This study aims to determine the effect of Underwriting Expenses and Operating Cash Flow on Profitability at Asuransi Bina Dana Arta Tbk on the Indonesia Stock Exchange partially or simultaneously. The method used is a documentation form and analyzed using SPSS 31. The results of this study indicate that Underwriting Expenses do not affect profitability with -ttable > tcount < ttable (-2179 > 1.934 < 2.179), Underwriting Expenses do not affect because in the 15 periods studied, although Underwriting Expenses increased, profitability growth did not decrease. Operating Cash Flow has a negative effect on Profitability (tcount (-4.445) < -2.179), Operating Cash Flow has a negative effect because there are 10 of the 15 periods studied showing cash outflows and cash outflows of 157.98 billion higher than cash inflows. Based on the results of this study, the company is advised to carry out cash flow planning so that cash outflows from operational activities can be suppressed and cash use becomes more efficient.

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Journal Info

Abbrev

jmcbus

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Promote the results of recent research on management and or informatics. Publish only research on management (such as information management, marketing management, financial management, management of resources, operation/production, business management, ...