Pengaruh financial dan economic factor terhadap profitability pada industri asuransi yang terdaftar di Bursa Efek Indonesia
P Penelitian ini bertujuan untuk mengetahui pengaruh financial dan economic factor terhadap profitability perusahaan. Sampel yang digunakan dalam penelitian ini adalah perusahaan asuransi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2007 – 2017. Variabel independen dalam penelitian ini adalah financial factor yang diukur dengan leverage, liquidity, size of the firm, tangibility, growth opportunity, dan managerial efficiency. Economic factor diukur dengan inflation dan economic growth. Jumlah sampel penelitian adalah sebanyak 11 perusahaan asuransi dengan menggunakan teknik purposive sampling. Berdasarkan hasil regresi data panel menunjukkan bahwa liquidity memiliki pengaruh positif terhadap profitability, sedangkan leverage dan growth opportunity memiliki pengaruh negatif terhadap profitability. Hasil penelitian ini diharapkan dapat memberikan masukan bagi perusahaan dan investor agar mempertimbangkan leverage, liquidity dan growth opportunity karena bisa meningkatkan profitability perusahaan.
T This Research aims to determine the effect of financial and economic factor on profitability. Sample used in this research were insurance firms listed on Indonesia Stock Exchange (IDX) in the period 2009 – 2017. The independent variables are financial factor measured by leverage, liquidity, size of the firm, tangibility, growth opportunity, and managerial efficiency. Economic factor measured by inflation and economic growth. The dependent variable is profitability. The numbers of this sample in this research are 11 insurance firms by using purposive sampling technique. Based on the results of panel data regression model indicates that liquidity has a positive impact on profitability, meanwhile leverage and growth opportunity has negative impact on profitability. The results of this research are expected to be the reference for companies and investors to pay attention to leverage, liquidity and growth opportunity because it can increase firm profitability.