Analisis Pengaruh Ukuran Perusahaan, Kebijakan Hutang dan Likuiditas Terhadap Kinerja Keuangan Perusahaan Telekomunikasi di Bursa Efek Indonesia 2019-2023
DOI:
https://doi.org/10.55606/jurima.v6i1.6181Keywords:
Company Size, Debt Policy, Liquidity, Financial PerformanceAbstract
This study aims to analyze the influence of company size, debt policy, and liquidity on the financial performance of telecommunications companies listed on the Indonesia Stock Exchange (IDX) for the 2019–2023 period. The independent variables in this study consist of company size, measured by Ln total assets, debt policy, measured by the Debt to Equity Ratio (DER), and liquidity, measured by the Current Ratio (CR). Meanwhile, the dependent variable is financial performance, measured by Return on Assets (ROA). The analytical method used was multiple linear regression with SPSS version 25 software. The results indicate that company size, debt policy, and liquidity have a positive and significant effect on financial performance, both partially and simultaneously. The coefficient of determination (Adjusted R²) of 0.671 indicates that the three independent variables explain 67.1% of the variation in financial performance, while 32.9% is explained by factors outside the model. Therefore, increasing company size, efficient debt management, and good liquidity can improve the financial performance of telecommunications companies in Indonesia.
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