流动性、杠杆作用、效率和通货膨胀对财务业绩的影响

Giany Febriyanti, Zainal Zawir Simon, Dinda Oktavia
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引用次数: 0

摘要

本研究调查了2018年至2022年流动性、杠杆率、总资产周转率和通货膨胀对印尼证券交易所上市的食品饮料公司财务绩效的影响。采用二手数据定量研究方法和目的性抽样方法,选取了 19 家公司进行分析。研究采用了结合时间序列和横截面数据的面板数据分析。研究结果表明,从整体上看,流动比率、债务权益比、总资产周转率、债务总资产比和通货膨胀率等变量对财务业绩有显著影响。然而,在单独研究时,流动比率和债务与总资产比率的影响为负且不显著,而债务与股本比率的影响为正但不显著。相反,总资产周转率和通货膨胀率则对财务业绩产生了积极而显著的影响。这项研究强调了在决策过程中监控特定财务比率的重要性,特别是在管理流动性和资产效率方面的管理意义。建议管理者在财务规划和决策中考虑通货膨胀因素,以优化财务业绩。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The Effect of Liquidity, Leverage, Efficiency, and Inflation on Financial Performance
This research investigates the influence of liquidity, leverage, total asset turnover ratio, and inflation on the financial performance of food and beverage companies listed on the Indonesia Stock Exchange from 2018 to 2022. Using a quantitative research method with secondary data and a purposive sampling method, 19 companies were selected for analysis. The research employed panel data analysis combining time series and cross-sectional data. The findings reveal that collectively, variables such as current ratio, debt to equity ratio, total asset turnover ratio, debt to total asset ratio, and inflation significantly impact financial performance. However, when examined individually, the current ratio and debt to total asset ratio show a negative and insignificant influence, while the debt to equity ratio displays a positive yet insignificant effect. Conversely, the total asset turnover ratio and inflation demonstrate a positive and significant impact on financial performance. This research underscores the managerial implications concerning the importance of monitoring specific financial ratios in decision-making processes, particularly in managing liquidity and asset efficiency. Managers are advised to consider inflation factors in financial planning and decision-making to optimize financial performance.
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