Kajian Empirik terhadap Determinan Solvabilitas dan Rentabilitas pada Pasar Sedang Berkembang (Studi pada Perusahaan Multifinance di Bursa Efek Indonesia)

Yuliani, Yuliani (2012) Kajian Empirik terhadap Determinan Solvabilitas dan Rentabilitas pada Pasar Sedang Berkembang (Studi pada Perusahaan Multifinance di Bursa Efek Indonesia). In: Konferensi Nasional Kewirausahaan III "Pengembangan Kewirausahaan: Masa Lalu, Sekarang dan Yang Akan Datang"., 17-18 September 2012, Fakultas Ekonomi Universitas Brawijaya, Malang, Jawa Timur.

[img]
Preview
PDF
Download (127Kb) | Preview
    [img]
    Preview
    PDF
    Download (127Kb) | Preview
      [img]
      Preview
      PDF
      Download (127Kb) | Preview

        Abstract

        Purpose – The purpose of this paper is to measure and find empirical evidence determinants about (1) Growth, financing, equity, efficiency to solvency, (2) Growth, financing, equity, efficiency to profitability and (3) Effect from solvency to profitability are related of the multifinance company in Indonesia. Design/methodology/approach – Explanatory research are used to examine determinants of growth, financing, equity to solvency and profitability of the multifinance company. Utilizing a sample of nine multifinance Indonesia firms are listed companies in Indonesia Stock Exchange over a period an 4-year period from 2008-2011. We test determinants of growth, financing, equity, efficiency to solvency and profitability using Structural Equation Model (using SmartPLS sofware) Ver 2.0 M3. Findings – (1) Determinants of solvency are growth, equity and efficiency. Financing variable not significant to solvency. (2) Determinants of profitability are financing, equity and efficiency. Growth not significant to profitability. (3) Solvency not significant to profitability. Research limitations – The period of study is limited 4-year. This period is considered relatively short so that the researchers can further extend the period of observation. This study examines the qualitative yet, such as management and service that the multifinance company provides to its customers. This is due to lack of information about the qualitative data that can be obtained. Practical implications – For decision makers in multifinance company need to pay attention to solvency ratios that can reduce the level of profitability. Multifinance company should be aware of external conditions such as government regulation increases the Down Payment rules, as global competition or the weakening of national exports. Originality/value – This paper provides new insights into the determinants of solvency and profitability in multifinance company associated with the company's financial performance. Simultaneous discussion of the variables that are used to expand the repertoire of general bank management and bank financial institutions in particular.

        Item Type: Conference or Workshop Item (Paper)
        Uncontrolled Keywords: Solvency, Profitability, Multifinance
        Subjects: H Social Sciences > HG Finance
        Divisions: Faculty of Economics > Department of Management
        Depositing User: Yuliani yuliani Yuliani
        Date Deposited: 18 Sep 2014 12:28
        Last Modified: 18 Sep 2014 12:28
        URI: http://eprints.unsri.ac.id/id/eprint/4717

        Actions (login required)

        View Item