Pengaruh Frekuensi Rapat Dewan Komisaris, Komisaris Independen, Leverage, dan Likuiditas Terhadap Profitabilitas
Abstract
Penelitian ini menguji pengaruh frekuensi rapat dewan komisaris, komisaris independen, leverage dan likuiditas terhadap profitabilitas. Metode purposive sampling digunakan untuk pengambilan sampel terhadap data sekunder laporan tahunan 32 perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia dengan periode penelitian tahun 2020-2022. Data dianalisis menggunakan regresi linier berganda dengan alat Eviews versi 12. Temuan dalam penelitian ini menunjukkan bahwa frekuensi rapat dewan komisaris berpengaruh negatif dan signifikan terhadap profitabilitas, begitu juga komisaris independen berpengaruh negatif tidak signifikan terhadap profitabilitas. Selanjutnya, leverage berpengaruh negatif tidak signifikan terhadap profitabilitas. Dan yang terakhir likuiditas yang juga tidak signifikan, memiliki arah negatif terhadap profitabilitas. Implikasi dari penelitian ini menunjukkan bahwa ada sejumlah faktor internal perusahaan yang dapat berpotensi menghambat profitabilitas. Pengaruh negatif dari frekuensi rapat dewan komisaris, keberadaan komisaris independen, leverage, dan likuiditas terhadap profitabilitas menegaskan pentingnya pengelolaan yang efisien dan efektif dalam organisasi.
References
Alhassan, I., & Islam, K. M. A. (2021). Liquidity Management and Financial Performance of Listed Oil and Gas Companies in Nigeria. International Journal of Accounting & Finance Review, 8(1 SE-Regular Research Article/ Short Communication Article). https://doi.org/10.46281/ijafr.v8i1.1364
Alimah, A., & Sihono, A. (2023). Analisis Faktor-Faktor Yang Mempengaruhi Profitabilitas. Kinerja, 5(01), 189–201. https://doi.org/10.34005/kinerja.v5i01.2436
Anderson, R. C., & Reeb, D. M. (2004). Board Composition: Balancing Family Influence in S&P 500 Firms. Administrative Science Quarterly, 49(2), 209–237. https://doi.org/10.2307/4131472
Bintara, R. (2020). The Effect of Working Capital, Liquidity and Leverage on Profitability. Saudi Journal of Economics and Finance, 04(01), 28–35. https://doi.org/10.36348/sjef.2020.v04i01.005
Enjela, L. M., & Wahyudi, I. (2022). Capital Adequancy Ratio Terhadap Harga Saham. Jurnal Manajemen Dan Ekonomi Bisnis, 2(3), 78–86.
Gati, V., Nasih, M., Agustia, D., & Harymawan, I. (2020). Islamic index, independent commissioner and firm performance. Cogent Business and Management, 7(1). https://doi.org/10.1080/23311975.2020.1824440
Ichsani, S., Ratu, A., Taswa, P., Aprianto, F., & Hermawan, H. (2021). Effect of Good Corporate Governance Mechanism on Company Profitability Ratios Turkish Journal of Computer and Mathematics Education. Turkish Journal of Computer and Mathematics Education, 12(8), 1793–1805.
Ismawati, A. D., Info, A., & Ismawati, A. D. (2022). Effect of Corporate Social Responsibility , Capital Intensity , Independent Commissioner And Profitability On Tax Avoidance ( Study on Food and Beverage Companies Listed on the Indonesia Stock Exchange in 2017 – 2020 ). 1(1), 44–51.
Kiptoo, I. K., Kariuki, S. N., & Ocharo, K. N. (2021). Corporate governance and financial performance of insurance firms in Kenya. Cogent Business and Management, 8(1). https://doi.org/10.1080/23311975.2021.1938350
Koming, N., & Praditasari, A. (2017). Pengaruh Good Corporate Governance, Ukuran Perusahaan, Leverage Dan Profitabilitas Pada Tax Avoidance. E-Jurnal Akuntansi, 2017(1), 1229–1258.
Kurniawan, E. R. (2021). Pengaruh Goodcorporate Governance Terhadap Nilai Perusahaan dan Profitabilitas. Jurnal Ilmu Dan Riset Akuntansi.
Kusmawati, Y., & Ovalianti, N. (2022). Pengaruh Current Ratio dan Debt To Equity Ratio terhadap Return on Equity Pada PT . Permodalan Nasional Madani ( PNM ) Periode 2012-2021. 1.
Lukviarman. (2016). Analisis Laporan Keuangan. PT. Raja Grafindo Persada.
Lulu, L., Sundarta, M. I., Muniroh, L., & Prasetia, A. (2022). The Influence of the Independence of the Board of Commissioners, Audit Quality, and Company Size on Banking Profitability. Jurnal HARMONI: Jurnal Akuntansi Dan Keuangan, 1(2), 118. https://doi.org/10.32832/jharmoni.v1i2.8765
M. Gunde, Y., Murni, S., & H. Rogi, M. (2017). Analisis Pengaruh Leverage Terhadap Profitabilitas Pada Perusahaan Manufaktur Sub Industri Food and Beverages Yang Terdaftar Di Bei (Periode 2012-2015). Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 5(3), 4185–4194.
Molnar, M., Wang, B., & Chen, W. (2017). Corporate governance and firm performance in China. Economics Division Working Papers, 2017/53. https://doi.org/10.1787/0d6741fd-en
Munandar, A., Ikhsan, M., Jumono, S., & Abdurrahman, A. (2022). The Effect of Non Performing Loan (NPL), Independent Commissioner (KMI), and Capital Adequacy Ratio (CAR) on Firm Value (PBV) Mediated by Return on Asset (ROA). Quantitative Economics and Management Studies, 3(5), 810–824. https://doi.org/10.35877/454ri.qems1063
Musleh Alsartawi, A. (2019). Board independence, frequency of meetings and performance. Journal of Islamic Marketing, 10(1), 290–303. https://doi.org/10.1108/JIMA-01-2018-0017
Nawaz Khan, S., Hussain, R. I., Ur-Rehman, S., Maqbool, M. Q., Engku Ali, E. I., & Numan, M. (2019). The mediating role of innovation between corporate governance and organizational performance: Moderating role of innovative culture in Pakistan textile sector. Cogent Business and Management, 6(1). https://doi.org/10.1080/23311975.2019.1631018
Ntim, C. G., Soobaroyen, T., & Broad, M. J. (2017). Governance structures, voluntary disclosures and public accountability: The case of UK higher education institutions. Accounting, Auditing and Accountability Journal, 30(1), 65–118. https://doi.org/10.1108/AAAJ-10-2014-1842
Nugraha, N. M., Sulastri, L., Nugraha, D. N. S., Puspitasari, D. M., & Putra, R. G. (2020). Effect of Leverage and Liquidity on Financial Performance of Companies in the Property and Real Estate Sub Sector in Indonesia. PalArch’s Journal of Archeology of Egypt/Egyptology, 17(10), 3675–3688. https://archives.palarch.nl/index.php/jae/article/download/5993/5898
Nurhayati, S. A., & Wijayanti, A. (2022). Volume . 18 Issue 2 ( 2022 ) Pages 360-368 INOVASI : Jurnal Ekonomi , Keuangan dan Manajemen ISSN : 0216-7786 ( Print ) 2528-1097 ( Online ) Pengaruh kepemilikan institusional , likuiditas , dan leverage terhadap profitabilitas The effect of institutional. 18(2), 360–368. https://doi.org/10.29264/jinv.v18i2.10616
Oktaviyani, R., & Munandar, A. (2017). Effect of Solvency, Sales Growth, and Institutional Ownership on Tax Avoidance with Profitability as Moderating Variables in Indonesian Property and Real Estate Companies. Binus Business Review, 8(3), 183. https://doi.org/10.21512/bbr.v8i3.3622
Rahman, M. M., Saima, F. N., & Jahan, K. (2020). The Impact of Financial Leverage on Firm’s Profitability: An Empirical Evidence from Listed Textile Firms of Bangladesh. Journal of Business Economics and Environmental Studies, 10(2), 23–31. https://doi.org/10.13106/jbees.2020.vol10.no2.23
Rahmat, S. T. Y., Arjanto, B., & Rina, A. (2019). The effect of cash Flows of Operation and Liquidity on Profitability: a Study in Processing and Manufacturing Industry Sector’s Companies in PT Bank BRI Syariah, TBK. RJOAS, 4(88), 4(April), 18–24. https://doi.org/10.18551/rjoas.2019-04.03
Satriadi, F., Kara, M. A. B., Pranoto, T., & Haryono, L. (2018). Pengaruh Tata Kelola Perusahaan Terhadap Profitabilitas Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia. Studi Akuntansi Dan Keuangan Indonesia, 1(2), 134–157. https://doi.org/10.21632/saki.1.2.134-157
Setiadewi, K. A. Y., & Purbawangsa, I. B. A. (2015). Pengaruh Ukuran Perusahaan dan Leverage Terhadap Profitabilitas dan Nilai Perusahaan. 596–609.
Solihah, E., & Sihono, A. (2023). Profitabilitas , Tata Kelola Perusahaan dan Penghindaran Pajak Perusahaan Otomotif di Indonesia. XI(11), 97–113.
Tylova, J. B., & Nyale, M. H. Y. (2023). Analisis Profitabilitas, Likuiditas, Struktur Modal dan Ukuran Perusahaan terhadap Nilai Perusahaan. Reslaj : Religion Education Social Laa Roiba Journal, 5(5), 2936–2949. https://doi.org/10.47467/reslaj.v5i5.3543
Utami Budi W, & Pardanawati Laksmi S. (2017). Pengaruhlikuiditas,Solvabilitas,Danmanajemenasetterhadapkinerjakeuanganpadaperusahaangopublikyangterdaftardalamkompas100Diindonesia. Jurnal Akuntansi Dan Pajak, 17(1), 1–63.
Wibowo, A., & Wartini, S. (2012). Efisiensi Modal Kerja, Likuiditas, dan Leverage Terhadap Profitabilitas Pada Perusahaan Manufaktur di BEI. Jurnal Dinamika Manajemen, 3(1), 49–58.
Wintoki, M. B., Linck, J. S., & Netter, J. M. (2012). Endogeneity and the dynamics of internal corporate governance. Journal of Financial Economics, 105(3), 581–606. https://doi.org/https://doi.org/10.1016/j.jfineco.2012.03.005
Zahra, F. N. (2016). The Effect of Independent Directors, Board Size, and Frequency of Board Meetings to Profitability. Quarterly Journal of Knowledge and Information Management, 3(3), 49–59.
Zaitoun, M., & Alqudah, H. (2020). The Impact of Liquidity and Financial Leverage on Profitability: The Case of Listed Jordanian Industrial Firm’s. International Journal of Business and Digital Economy, 1(November), 29–35.
Zulfikar, R., Lukviarman, N., & Agustiningsih, W. (2017). Competition, Independent Commissioner, Risk Disclosure and Financial Performance. Review of Integrative Business and Economics Research, 6(1), 76–91. http://buscompress.com/journal-home.html
