Factors Affecting The Profitability Ratio Of General Insurance Companies On The Indonesia Stock Exchange For The Years 2018 – 2022 Using Panel Regression
Keywords:
fixed effect model, panel regression, ROA, ROE.
Abstract
Financial performance analysis can provide insights into a company's business outcomes over a given period. This research aims to identify factors influencing the Return on Assets (ROA) and Return on Equity (ROE) of general insurance companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022 using panel regression. Data were collected from idx.co.id and emiten.kontan.co.id. This research produced two models, which show each with different independent and dependent variables, revealing significant effects of the variables on ROA and ROE. The ROA equation shows only the EPS variable is partially significant. Meanwhile, the ROE equation shows only DAR and NPM variables are partially significant in influencing ROE.
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References
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[3] S. Wahyuni, S. Andriani and S. Martadinata, "Analisis Pengaruh Current Ratio, Debt To Equity dan Total Asset Turnover Terhadap Profitabilitas Perusahaan (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Tahun 2013-2015)," Jurnal Manajemen dan Bisnis, vol. I, no. 2, 2018.
[4] L. Renaldy, "Analisa Pengaruh Return On Asset (ROA) Dan Return On Equity (ROE) Terhadap Pertumbuhan Laba Pt. Bank NTB Syariah (Studi Kasus PTt. Bank NTB Syariah Tahun 2018-2021)," skripsi, 2022.
[5] N. L. Pasaribu and K. Ritonga, "Pengaruh ROA Dan ROE Terhadap Pertumbuhan Laba Pada Sektor Perbankan Di BEI," Akuntansi Prima, vol. V, no. 2, pp. 36-51, 2023.
[6] D. P. Lestari and P. Sulastri, "Pengaruh Return On Asset (ROA), Return On Equity (ROE) Dan Net Profit Margin (NPM) Terhadap Pertumbuhan Laba Pada Perusahaan Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia Tahun 2017 – 2019," Dharma Ekonomi, vol. XXVIII, no. 53, pp. 45-55, 2021.
[7] N. Wedyaningsih, S. Nurlaela and K. H. Titisari, "Earning Per Share, Debt To Equity Ratio Dan Current Ratio Terhadap Profitabilitas Perusahaan Sub-Sektor Barang Konsumsi Di Bursa Efek Indonesia," Edunomika, vol. III, no. 1, pp. 97-107, 2019.
[8] A. A. Ulzanah and I. Murtaqi, "The Impact Of Earnings Per Share, Debt To Equity Ratio, And Current Ratio Towards The Profitability Of Companies Listed In LQ45 From 2009 to 2013," Journal of Business and Management , vol. IV, no. 1, pp. 18-27, 2015.
[9] R. H. Laela and Hendratno, "Pengaruh Current Ratio, Debt To Equity Ratio Dan Total Asset Turnover Terhadap Return On Asset," Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi, vol. III, no. 1, pp. 120-131, 2019.
[10] T. Wanny, Jenni, L. Yeni, Merrisa, Erlin and I. A. Nasution, "Pengaruh TATO, DER dan Current Ratio terhadap ROA pda Perusahaan Property dan Real Estate," Riset dan Jurnal Akuntansi, vol. III, no. 2, pp. 139-152, 2019.
[11] S. Joana and E. Pitaloka, "Pengaruh Earning Per Share Terhadap Return On Asset Serta Dampaknya Terhadap Harga Saham PT. Elnusa Tbk," Widyakala, vol. IV, no. 2, pp. 80-85, 2017.
[12] S. F. Wahyuni, "Peran Kepemilikan Institusional Dalam Memoderasi Pengaruh Current Ratio, Debt To Equity Ratio, Total Asset Turnover Dan Inventory Turnover Terhadap Return On Equity Di Bursa Efek Indonesia," Jurnal Riset Finansial Bisnis, vol. I, no. 2, pp. 147-158, 2017.
[13] Amminatuzzahra, "Analisis Pengaruh Current Ratio, Debt To Equity Ratio, Total Asset Turnover, Net Profit Margin Terhadap ROE," skripsi, 2010.
[14] R. A. Pngrangga, M. Dzulkirom and M. Saifi, "Pengaruh Current Ratio, Total Asset Turnover Dan Debt To Equity Ratio Terhadap Return On Equity (Studi Pada Perusahaan Sub Sektor Property Dan Real Estate Yang Terdaftar Di BEI Periode 2011-2014)," Jurnal Administrasi Bisnis, vol. XXV, no. 2, pp. 1-8, 2015.
[15] G. Wiyono, R. Kusumawardhani and A. Heriawan, "Pengaruh Current Ratio, Debt To Assets Ratio, Total Asset Turnover, Dan Perputaran Kas Terhadap Return On Equity," Jurnal Akuntansi dan Keuangan, vol. XIX, no. 4, pp. 740-745, 2022.
[16] H. Yulsiati, "Pengaruh Debt To Assets Ratio, Debt To Equity Ratio Dan Net Profit Margin Terhadap Return On Equity Pada Perusahaan Property Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia," Jurnal Akuntanika, vol. I, no. 2, pp. 1-25, 2016.
[17] S. Side, Sukarna and R. Nurfitrah, "Analisis Regresi Panel Pada Pemodelan Tingkat Kematian Bayi di Provinsi Sulawesi Selatan," Journal of Mathematics, Computations, and Statistics, vol. II, no. 2, pp. 115-125, 2019.
Published
2024-10-20
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