The Effect of Company Size and Debt Ratio on Financial Performance of Bank Sub-Sector Companies Listed on The Indonesia Stock Exchange (IDX) in 2020–2023
##plugins.themes.EpsilonTheme.article.main##
Wahyu Indah Mursalini
Nurhayati
Harry Budiman*
The main goal of this research is to gather empirical data on how the size and debt levels of companies affect their financial performance in the banking sector of the Indonesia Stock Exchange (IDX) from 2020 to 2023. Regression analysis with a quantitative approach was used as the research method, focusing on company financial statement data. The research sample was deliberately chosen using purposive sampling. 36 banking sub-sector companies that fit the research criteria were selected as the samples for this study. The results suggest that the size of a company has a notable impact on its financial performance, as shown by a t-value of 2.425 exceeding 1.987 and a significance value of 0.017 below 0.05. This indicates that the t-value exceeds the threshold set by the t-table and the significance value is below 0.05. Therefore, hypothesis (H₁) is confirmed, while H₀ is invalidated. In contrast, the level of debt a company holds does not significantly influence financial performance, as evidenced by a t-value of -1.410 < 1.987 and a significance value of 0.162 > 0.05. This means that hypothesis (H₂) is not supported. However, it is noted that both the size of the firm and the debt ratio do have a significant impact on financial performance, with an F-value of 3.612 surpassing 3.103 and a significance value of 0.031 falling below 0.05, leading to the acceptance of hypothesis (H₃). This study proves that the size of a company has a key influence on its financial performance, while the debt ratio alone does not have a noticeable effect. Nevertheless, when tested simultaneously, Firm Size and Debt Ratio jointly have a significant influence on Financial Performance.
Donny, R. P., Nirwana, I., & Roza, S. (2023). Dampak Pertumbuhan Modal Dan Utang Terhadap Kinerja Keuangan Perusahaan Sub Sektor Kontruksi Dan Bangunan Yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2016-2020. Jurnal Penelitian Ekonomi Manajemen Dan Bisnis (JEKOMBIS), 2(1), 18–30. https://doi.org/10.55606/jekombis.v2i1.960
Esislahyenti, E., Mursalini, W. I., & Indrawati, N. (2023). Analisis Kinerja Keuangan Pemerintah Daerah dengan Pendekatan Value For Money (Studi Kasus Pada Dinas Sosial Kabupaten Solok). Jurnal Pendidikan Tambusai, 7(3), 26454–264465.
Loho, B., Elim, I., & Walandouw, S. K. (2021). Analisis Rasio Likuditas, Solvabiitas, Aktivitas dan Profitabilitas Untuk Menilai Kinerja Keuangan pada PT Tanto Intim Line. Jurnal EMBA, 9(3), 1368–1374.
Monika, S., & Hartono, U. (2023). Pengaruh struktur kepemilikan, kebijakan hutang, dan ukuran perusahaan terhadap kinerja keuangan perusahaan sektor energi di BEI periode 2018-2021. Jurnal Ilmu Manajemen (JIM), 11(1), 155–169.
Muhammad, R., & Roza, S. D. (2019). Pengaruh Cash Flow Dan Debt Ratio Terhadap Struktur Modal Pada Perusahaan Manufaktur Sub Sektor Industri Tekstil Dan Garmen Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ekonomi, 22(2), 145–154.
Mursalini, W. I., Afniyeni, A., Yuliza, M., & Putri, L. R. (2022). Analisis Pertumbuhan Perusahaan, Kebijakan Hutang dan Ukuran Perusahaan terhadap Profitabilitas. Jurnal Ekobistek, 290–295.
Mursalini, W. I., Nasrah, R., & Anggriani, S. Y. (2024). Analysis of Current Ratio and Debt Ratio on Profitability of Retail Trade Sub-Sector Companies Listed on the Indonesian Stock Exchange for the Period 2018-2022. Journal Of Management, Accounting, General Finance And International Economic Issues, 4(1), 12–21. https://doi.org/10.55047/marginal.v4i1.1477
Nirwana, I., & Ardeski, S. (2022). Pengaruh Budaya Organisasi, Lingkungan Kerja dan Kecerdasan Emosional Terhadap Kinerja Guru SMA N 1 Bukit Sundi Kabupaten Solok. Jurnal Advanced, 16(2), 24–39.
Purwanti, D. (2021). Determinasi Kinerja Keuangan Perusahaan : Analisis Likuiditas, Leverage Dan Ukuran Perusahaan (Literature Review Manajemen Keuangan). Jurnal Ilmu Manajemen Terapan, 2(5), 692–698. https://doi.org/10.31933/jimt.v2i5.593
Puspitaningrum, A., & Hanah, S. (2024). Pengaruh Ukuran Perusahaan, Kebijakan Dividen dan Kebijakan Hutang terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Manufaktur Sektor Consumer Non- Cyclicals Subsektor Makanan & Minuman di Bursa Efek Indonesia Tahun 2018 - 2022). Jurnal Economina, 3(2), 180–196. https://doi.org/10.55681/economina.v3i2.1180
Ramandhika, D. P. (2019). Kegiatan Brand Activation di Divisi Marketing. Undergraduate Thesis, Universitas Pembangunan Jaya.
Sigalingging, K., Jonathan, R., & Latif, I. N. (2016). Kebijakan Utang Perusahaan yang Terdaftar di Bursa Efek Indonesia Sub Sektor Makanan dan Minuman Tahun 2011-2014. Ekonomia, 5(3), 127–142.
