PENGARUH KINERJA KEUANGAN TERHADAP KINERJA EKONOMI PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

Abstract

This research is meant to find out the influence of financial performance to the economic performance. The
financial performance is measured by using financial ratio. The financial ratio in this research is liquidity ratio
which is proxy by current assets, leverage ratio is proxy by debt to equity ratio, profitability ratio is proxy by
return on assets, and activity is proxy by total assets turnover. Meanwhile, the economic performance is
measured by using market variable standard i.e. stock price. The population of this research is 144
manufacturing companies which are listed in Indonesia Stock Exchange in 2011-2015. The sample collection
technique has been done by using purposive sampling method and 37 samples during 2011-2015 have been
obtained. The data has been conducted by using secondary data which has been selected by using documentation
techniques which consist of 2011-2015 manufacturing company annual report. The data analysis method of this
research has been carried out by using multiple linear regressions analysis.The result of this research shows that
liquidity ratio, leverage and activity do not give any influence to the economic performance whereas the
profitability ratio gives influence to the economic performance.

Keywords: Liquidity ratio, leverage, profitability, activity, economic performance