FAKTOR-FAKTOR PENENTU KINERJA KEUANGAN PERUSAHAAN ASURANSI UMUM (STUDI PADA PERUSAHAAN ASURANSI TERDAFTAR DI BURSA EFEK INDONESIA)

ARARO JIRAH TULUS SI, I Wayan Nuka Lantara, M.Si., Ph.D.

2017 | Tesis | S2 Manajemen

Tujuan dari penelitian ini adalah untuk menguji dan menganalisis rasio-rasio keuangan Fixed Asset Turnover, Asset Turnover, Current Ratio, Debt to Asset Ratio, Debt to Equity Ratio dan Risk Based Capital sehingga dapat ditemukan rasio penentu kinerja keuangan perusahaan asuransi lokal di Indonesia. Metode penelitian yang digunakan adalah metode kuantitatif yang juga dinamakan sebagai metode tradisional, positivistik, scientific dan metode discovery. Penelitian ini menggunakan analisa kausal yaitu “menganalisis bagaimana satu atau lebih variabel mempengaruhi perubahan pada variabel lainnya, dan merupakan studi hubungan fungsional antara dua variabel atau lebih. Populasi dalam penelitian ini adalah perusahaan jasa sektor asuransi yang terdaftar di Bursa Efek Indonesia. Sampel yang digunakan adalah perusahaan sektor Asuransi di Bursa Efek Indonesia tahun 2010-2014. Dari hasil analisis yang telah dilakukan, diperoleh kesimpulan bahwa: Fixed asset turnover memeperoleh hasil bahwa thitung = 1,563 < ttabel = 2,015 maka Ho diterima dan Ha ditolak yang artinya tidak ada pengaruh yang signifikan antara variabel X1 (fixed asset turnover) terhadap variabel Y (kinerja keuangan). Asset Turnover memperoleh hasil bahwa thitung = 2,492 > ttb = 2,015, maka Ho ditolak dan Ha diterima yang artinya ada pengaruh positif dan signifikan antara variabel X2 (asset turnover) terhadap variabel Y (kinerja keuangan). Curent Ratio memperoleh hasil bahwa thitung = 2,367 > ttb = 2,015, maka Ho ditolak dan Ha diterima yang artinya ada pengaruh positif dan signifikan antara variabel X3 (current ratio) terhadap variabel Y (kinerja keuangan). Debt to Asset Ratio memperoleh hasil bahwa thitung = 3,590 > ttb = 2,015, maka Ho ditolak dan Ha diterima yang artinya ada pengaruh positif dan signifikan antara variabel X4 (debt to asset ratio) terhadap variabel Y (kinerja keuangan). Debt to equity ratio memperoleh hasil bahwa thitung = -0,231 < ttabel = 2,015 maka Ho diterima dan Ha ditolak yang artinya mempunyai pengaruh yang tidak signifikan antara variabel X5 (debt to equity ratio) terhadap variabel Y (kinerja keuangan). Risk Based Capital memperoleh hasil bahwa thitung = 3,636 > ttb = 2,015, maka Ho ditolak dan Ha diterima yang artinya ada pengaruh positif dan signifikan antara variabel X6 (risk based capital) terhadap variabel Y (kinerja keuangan).

The purpose of this study was to examine and analyze financial ratios Fixed Asset Turnover, Asset Turnover, Current Ratio, Debt to Asset Ratio, Debt to Equity Ratio and Risk Based Capital ratios that can be found determinant of financial performance of local insurance companies in Indonesia. The method used is quantitative method which is also named as the traditional method, positivistic, scientific and discovery methods. This study uses the causal analysis is to "analyze how one or more variables affect changes in other variables, and a study of the functional relationship between two or more variables. The population in this study is the insurance sector services company listed on the Indonesia Stock Exchange. The samples are insurance sector companies in the Indonesia Stock Exchange in 2010-2014. From the analysis that has been done, the conclusion that: Fixed asset turnover obtain results that t-count = 1.563 < t-table = 2.015 then Ho is accepted and Ha rejected, which means there is no significant relationship between the variables X1 (fixed asset turnover) to variable Y ( financial performance). Asset Turnover obtain results that t-count = 2,492 > t-table = 2.015, then Ho is rejected and Ha accepted, which means there is a positive and significant influence between the variables X2 (asset turnover) to variable Y (financial performance). Curent Ratio obtained results that t count = 2,367> t table = 2.015, then Ho is rejected and Ha accepted, which means there is a positive and significant influence between the variables X3 (current ratio) to variable Y (financial performance). Debt to Asset Ratio obtained results that t count = 3,590> t table = 2.015, then Ho is rejected and Ha accepted, which means there is a positive and significant influence between the variables X4 (debt to asset ratio) to variable Y (financial performance). Debt to equity ratio obtained results that t-count = -0.231 <t-table = 2.015 then Ho is accepted and Ha rejected, which means having no significant effect among the variables X5 (debt to equity ratio) to variable Y (financial performance). Risk Based Capital obtained results that t count = 3,636> t-table = 2.015, then Ho is rejected and Ha accepted, which means there is a positive and significant influence between the variables X6 (risk based capital) to variable Y (financial performance).

Kata Kunci : Fixed asset ratio, asset turnover, current ratio, debt to asset ratio, debt to equity ratio, risk based capital, return on equity.