The effect of profitability, capital structure and leverage on financial performance with audit committee as moderating variable audit committee as a moderating variable
Keywords:
Profitability, Capital Structure, Leverage, Financial Performance, Audit CommitteeAbstract
This research aims to analyze and obtain empirical evidence regarding Profitability, Capital Structure, Leverage on Financial Performance with the Audit Committee as a moderating variable. The novelty of this research is to test whether the audit committee can moderate the effect of profitability, capital structure, and leverage on financial performance. The data used in this study are panel data of 11 companies listed on the Indonesia Stock Exchange for the period 2018-2022. Data processing is done with WarpPLS 8.0. The results showed that Profitability, Capital Structure, Leverage had a significant effect on Financial Performance with the significance of P-Value = 0.001, 0.001 and 0.011 smaller than 0.050. Respectively, The Audit Committee can be a moderated variable for the relationship between Profitability and Capital Structure on Financial Performance with a significance value of P-Value = 0.002 & 0.007 respectively, while the Audit Committee didn't moderate the relationship between Leverage and Financial Performance with a significance value of P-Value = 0.197
Downloads
References
S. Arum, P. Adi, And T. Suwarti, “Pengaruh Penerapan Good Corporate Governance Terhadap Kinerja Keuangan Perbankan Yang Terdaftar Pada Bursa Efek Indonesia Tahun 2018-2020,” 2022.
S. S. Harahap, Analisis Kritis Dan Laporan Keuangan. 2014.
Y. A. Manuhutu, Karamoy Herman, And Rondonuwu Sintje, “Analisis Laporan Keuangan Untuk Mengukur Kinerja Keuangan Perusahaan Telekomunikasi Pt Smartfren Telecom Tbk,” Jurnal Riset Akntansi, Vol. 15, No. 2, 2020, Accessed: Nov. 11, 2023. [Online]. Available: Https://Ejournal.Unsrat.Ac.Id/Index.Php/Gc/Article/View/27852
Sopyan And D. Hikmah Perkasa, “Pengaruh Debt To Equity Ratio, Return On Asset Dan Price Earning Ratio Terhadap Harga Saham Pada Sub Sektor,” Vol. 1, No. 2, 2019, Doi: 10.31933/Jimt.
N. W. Mutiara Dewi And M. R. Candradewi, “Pengaruh Employee Stock Ownership Plan, Leverage, Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan,” E-Jurnal Manajemen Unud, Vol. 7, No. 9, 2018.
N. Afira, A. H. Wijaya, And W. Fitri, “Pengaruh Profitabilitas Dan Leverage Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening Dimasa Pandemi,” Jurnal Ekonomi Manajemen Dan Bisnis (Jemb), Vol. 2, No. 1, Pp. 121–128, Jan. 2023, Doi: 10.47233/Jemb.V2i1.538.
M. H. Juliansyah, L. Tripermata, And A. Munandar, “Pengaruh Rasio Profitabilitas Dan Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan Perbankan,” Jurnal Ilmiah Akuntansi Dan Keuangan, Vol. 5, No. 11, 2023, [Online]. Available: Https://Journal.Ikopin.Ac.Id/Index.Php/Fairvalue
A. Tambunan, “Pengaruh Ukuran Perusahaan, Leverage Dan Struktur Modal Terhadap Kinerja Keuangan Perusahaan (Studi Pada Perusahaan Manufaktur Sektor Aneka Industri Tahun 2012-2016),” 2018. [Online]. Available: Http://Ejournal-S1.Undip.Ac.Id/Index.Php/
H. Setiorini And L. Pitaloka, “Bilancia: Jurnal Ilmiah Akuntansi Influence Of Good Corporate Governance, Profitability, And Leverage Towards Companies Value At Indonesian Property And Real Estate Companies,” Jurnal Ilmiah, Vol. 3, No. 4, 2019, [Online]. Available: Http://Www.Ejournal.Pelitaindonesia.Ac.Id/Ojs32/Index.Php/Bilancia/Index
Y. K. Shanti, “Pengaruh Komite Audit Terhadap Kinerja Keuangan Perusahaan Dengan Dewan Komisaris Sebagai Variabel Intervening,” Iqtishaduna: Jurnal Ilmiah Ekonomi Kita, Vol. 9, No. 2, Pp. 147–158, Dec. 2020, Doi: 10.46367/Iqtishaduna.V9i2.241.
C. Jensen And H. Meckling, “Theory Of Firm : Managerial Behavior Agency Costs And Ownership Structure,” Journal Of Financial Economics 3, Vol. 3, Pp. 305–360, 1976.
A. Mardiana Ningsih, M. Ridwan, And A. Prz Putri, “Analisis Rasio Likuiditas, Solvabilitas, Aktivitas Dan Profitabilitas Untuk Menilai Kinerja Keuangan Pada Perusahaan Food And Beverage Yang Terdaftar Di Bursa Efek Indonesia Tahun 2019-2021,” 2023. [Online]. Available: Http://Jurnalnasional.Ump.Ac.Id/Index.Php/Kompartemen/
B. Subiyanto, A. Karina, D. A. Pramita, And N. P. Alvionita, “The Effect Of Company Profitability And Size On Corporate Social Responsibility Disclosure (Study On Manufacturing Companies In The Consumer Goods Industry Sector Listed On The Indonesia Stock Exchange 2016-2020 Period),” Vol. 5, No. 2, 2022, Doi: 10.33258/Birci.V5i2.5079.
R. Mahmudah, “Pengaruh Profitabilitas, Likuiditas, Kecukupan Modal Dan Aset Produktif Terhadap Kinerja Keuangan Perusahaan Perbankan,” Jurnal Ilmu Dan Riset Manajemen, Vol. 11, No. 9, 2022.
J. Jufrizen, A. M. Putri, M. Sari, R. Radiman, And M. Muslih, “Pengaruh Debt Ratio, Long Term Debt To Equity Ratio Dan Kepemilikan Institusional Terhadap Return On Asset Pada Perusahaan Sub Sektor Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia,” Jurnal Manajemen Motivasi, Vol. 15, No. 1, P. 7, Aug. 2019, Doi: 10.29406/Jmm.V15i1.1376.
K. Digdowiseiso And S. Santika, “Pengaruh Rasio Solvabilitas, Profitabilitas, Dan Likuiditas Terhadap Pertumbuhan Laba Pada Perusahaan Pertambangan Batubara Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2020,” 2022, [Online]. Available: Www.Idx.Co.Id.
A. E. Devi Yunita, “Pengaruh Kepemilikan Manajerial, Leverage, Dan Ukuran Perusahaan Pada Kebijakan Dividen Perusahaan Manufaktur,” E Journal Akuntansi, Vol. 9, No. 3, 2014.
D. Islami And A. Wulandari, “Pengaruh Gcg, Struktur Modal, Dan Leverage Terhadap Kinerja Keuangan Perusahaan Tambang,” Nominal Barometer Riset Akuntansi Dan Manajemen, Vol. 12, No. 2, Pp. 254–268, Sep. 2023, Doi: 10.21831/Nominal.V12i2.60207.
S. Djamilah, “Corporate Social Responsibility Sebagai Variabel Pemediasi Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan,” Akrual: Jurnal Akuntansi, Vol. 9, No. 1, Pp. 41–53, 2017, [Online]. Available: Http://Journal.Unesa.Ac.Id/Index.Php/Aj
Kashmir, Analisis Laporan Keuangan, 8th Ed. Jakarta: Pt Rajagrafindo Persada, 2018.
J. Marzoeki, “Pengaruh Intelektual Kapital Terhadap Kinerja Keuangan Perusahaan Perbankan Di Indonesia,” Jurnal Akuntansi Dan Manajemen , Vol. 14, No. 1, 2018, Accessed: Nov. 11, 2023. [Online]. Available: Https://Ejournal.Stei.Ac.Id/Index.Php/Jam/Article/View/144
M. Rahmatin, “Pengaruh Good Corporate Governance, Leverage, Struktur Modal Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Pada Perusahaan Sektor Aneka Industri Yang Terdaftar Di Bursa Efek Indonesia,” Jurnal Ilmiah Manajemen Dan Akuntansi, Vol. 2, No. 4, 2020.
B. Subiyanto, D. T. Awaludin, R. H. Demolingo, R. Ifani, And K. Wiweka, “Exploring The Effect Of Corporate Social Responsibility, Leverage, And Intellectual Capital On Financial Performance (Empirical Evidence From Banking Sector Companies Period 2015-2019),” International Journal Of Management, Innovation & Entrepreneurial Research, Vol. 7, No. 1, Pp. 01–11, Jul. 2021, Doi: 10.18510/Ijmier.2021.711.
N. R. Yuliani, “Pengaruh Komisaris Independen, Komite Audit Dan Rasio Leverage Terhadap Kinerja Keuangan Perusahaan,” Jurnal Akuntansi, Vol. 6, No. 8, 2018.
I. Ghozali, Partial Lieast Squares Konsep, Metode, Dan Aplikasi Menggunakan Program Warppls 7.0. Semarang: Badan Penerbit Universiatas Diponegoro, 2022.
F. Affi And H. As’ari, “Pengaruh Profitabilitas, Solvabilitas Dan Likuiditas Terhadap Kinerja Keuangan Perusahaan,” Jurnal Kewirausahaan, Akuntansi Dan Manajemen Tri Bisnis, Vol. 5, No. 1, Pp. 59–77, 2023, Doi: 10.59806/Tribisnis.V5i1.246.
K. C. Firdarini And M. M. Kundala, “Pengaruh Komite Audit Sebagai Variabel Pemoderasi Struktur Modal Terhadap Kinerja Keuangan,” Jurnal Riset Akuntansi Dan Bisnis Indonesia, Vol. 2, No. 4, Pp. 1056–1068, 2022, Doi: 10.32477/Jrabi.V2i4.610.
D. Mardaningsih, S. Nurlaela, And A. Wijayanti, “Pengaruh Leverage, Likuiditas, Firm Size Dan Sales Growth Terhadap Kinerja Keuangan Pada Perusahaan Lq45,” Inovasi: Jurnal Ekonomi, Keuangan Dan Manajemen, Vol. 17, No. 1, Pp. 47–53, 2021.
Kashmir, Analisis Laporan Keuangan, 8th Ed. Jakarta: Pt Rajagrafindo Persada, 2018.
