Analysis of industry profitability, and weighted ratios to firm's profitability

ANDRIANI, Octaria Diah, Dr. Indra Wijaya Kusuma, MBA

2004 | Tesis | Magister Manajemen

Studi ini bertujuan untuk mempelajari pengaruh kinerja industri terhadap kinerja pemsahaan. Variabel-variabel yang diuji: variabel bebas (rasio industri return on assets, rasio leverage tertimbang, rasio intensitas modal, dan pangsa pasar) terhadap rasio return on assets perusahaan. Penelitian ini menggunakan data perusahaan-perusahaan yang terdaftar di Bursa Efek Jakarta sejak tahun 2000 sampai dengan 2002. Perusahaan-perusahan yang digunakan sebagai sampel terdapat dalam industri perbankan, lembaga keuangan selain bank, sekuritas, asuransi, dan property dan real estat. Pengujian dilakukan dengan metode regresi. Hasil dari analisis regresi berganda bahwa; pertama, berdasarkan R2, 53% variasi proporsi return on asset dapat dijelaskan oleh variabel independent. Kedua, berdasarkan t-test variabel rasio retum on assets industri dan intensitas modal berpengaruh significant terhadap rasio retum on assets industri.

This study attempts to examine the influence of industry performance to firm's performance. The examined variables are: independent variables (industry profitability ratio, weighted leverage, weighted capital intensiveness, and market share) to dependent variable (firm's rate of return on assets). This research uses the data of listed companies in the Jakarta Stock Exchange from 2000 to 2002. The selected companies that would be used as data source in this research come from the category of banking, credit agencies other than banks, securities, insurance, and property and real estate industry. In examining the relationship between financial ratios, this research uses the method of Ordinary Least Square (OLS). As results of regression, first, R-square shows 53% of return on assets could be explained by independent variables. Second, based on t-test, firm's rate of return on assets significant influenced by industry rate of return on assets and weighted capital ratio.

Kata Kunci : Kinerja Perusahaan,inerja Industri,Return on Assets