PERAN KEPEMILIKAN ISNTITUSIONAL DALAM MEMODERASI PENGARUH LEVERAGE, LIKUIDITAS DAN AKTIVITAS TERHADAP PROFITABILITAS

  • Ni Made Ayu Martiani Universitas Udayana
  • Ida Bagus Anom Purbawangsa Universitas Udayana
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Abstrak

Profitability is a company's ability to earn profits in relation to sales, total assets and own capital. Profitability ratios also illustrate the company's ability in capital management to be effective and efficient. Various studies have been conducted to determine the factors that affect profitability and obtained various results. Based on this research, this study aims to determine the role of institutional ownership in moderating the effects of leverage, liquidity, and activity on profitability. This research analyzes consumer goods companies listed on Indonesia Stock Exchange (BEI) during 2012-2016. Determination of sample selection in this study is to use the census technique so that obtained sample of 34 samples. Moderated Regression Analysis (MRA) is used in this study as a data analysis technique. Based on the results of data analysis, debt to asset ratio has a significant negative effect on ROA. Inventory turnover has a significant positive effect on ROA. Furthermore, current ratio has no significant effect on ROA. Institutional ownership is able to moderate the influence of debt to asset ratio, current ratio and inventory turnover to ROA.


Keyword:leverage, liquidity, activity, institutional ownership, profitability

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Diterbitkan
2018-04-03
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MARTIANI, Ni Made Ayu; PURBAWANGSA, Ida Bagus Anom. PERAN KEPEMILIKAN ISNTITUSIONAL DALAM MEMODERASI PENGARUH LEVERAGE, LIKUIDITAS DAN AKTIVITAS TERHADAP PROFITABILITAS. E-Jurnal Manajemen, [S.l.], v. 7, n. 4, p. 2256 - 2288, apr. 2018. ISSN 2302-8912. Tersedia pada: <https://ojs.unud.ac.id/index.php/manajemen/article/view/37242>. Tanggal Akses: 05 nov. 2025 doi: https://doi.org/10.24843/EJMUNUD.2018.v07.i04.p19.
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Terbitan
Vol 7 No 4 (2018)
Bagian
Articles
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