Article Sidebar

Download
PDF
Statistic
Read Counter : 220 Download : 164

Main Article Content

Abstract

In a competitive business environment, PT. AirAsia Indonesia Tbk. faces challenges in enhancing financial performance through efficient asset structure management and capital structure. This study examines the impact of asset structure and capital structure on operational efficiency and profit performance of PT. AirAsia Indonesia Tbk. within a highly competitive business setting. The primary objective of this study is to understand the dynamics between financial structure, debt management, and operational efficiency in relation to the company's financial performance. Utilizing financial data from the years 2015 to 2023, this research applies path analysis to evaluate the influence of asset structure and capital structure on efficiency ratios and their subsequent impact on the company's profit performance. This study concludes that although there is a significant relationship between asset structure and capital structure with operational efficiency ratios, this relationship does not significantly affect the company's profit performance. These findings provide important insights for the management of PT. AirAsia Indonesia Tbk. in optimizing asset structure and capital structure to improve operational efficiency without a significant impact on enhancing profit performance.

Keywords

Debt management Financial structure Operational efficiency Path analysis Profit performance

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

By exercising the Licensed Rights, You accept and agree to be bound by the terms and conditions of this Creative Commons Attribution-NonCommercial 4.0 International Public License.

How to Cite
Albart, N., & Purnomo, H. (2024). The Influence of Asset Structure and Capital Structure on Return on Assets . Kontigensi : Jurnal Ilmiah Manajemen, 12(1), 269-282. https://doi.org/10.56457/jimk.v12i1.536

References

  1. Albart, N., Purnomo, H. (2024). Manajemen Keuangan: Peran Struktur Modal Dalam Penciptaan Nilai Perusahaan. Penerbit Artmedia. Jawa Tengah. ISBN 978-623-88869-9-9
  2. Ali, R., Lynch, R., Melewar, T.C., & Jin, Z. (2015). The moderating influences on the relationship of corporate reputation with its antecedents and consequences: A meta-analytic review. Journal of Business Research, 68, 1105–1117.
  3. Ardiatmi, U. D. (2014). Skripsi. Analisis Pengaruh Current Ratio, Debt to Equity Ratio,Total Asset Turnover, Firm Size, dan Debt Ratio Terhadap Profitabilitas (ROE) Perusahaan (Studi Kasus pada Perusahaan Manufaktur Food and Beverages yang Terdaftar di BEI Tahun 2008-2012.
  4. Azuar Juliandi, I., & Manurung, S. (2014). Metode Penelitian Bisnis. Medan: UMSU Press.
  5. Baridwan, Z. (2002). Sistem Akuntansi (Penyusunan Prosedur dan Metode). Edisi Kelima, cetakan kedelapan. Yogyakarta: BPFE.
  6. Bisnis Tempo. (2016, December 2). Retrieved from tempo.co: https://bisnis.tempo.co/read/825045/industri-penerbangan-indonesia-nomor-dua-dunia
  7. Brigham, E., & Houston, J. F. (2006). Dasar-Dasar Manajemen Keuangan. Alih bahasa Ali Akbar Yulianto. Edisi sepuluh. Jakarta: Salemba Empat.
  8. Copeland, T. E., & Weston, J. F. (2007). Manajemen Keuangan jilid 1 dan 2. Jakarta: Binarupa Aksara.
  9. Damodaran, A. (2012). Investment Valuation: Tools and Techniques for Determining the Value of Any Asset. John Wiley & Sons.
  10. Djarwanto. (2004). Pokok-Pokok Analisis Laporan Keuangan. Yogyakarta: BPFE.
  11. Fachrudin, K. A. (2011). Jurnal. Analisis Pengaruh Struktur Modal, Ukuran Perusahaan, dan Agency Cost Terhadap Kinerja Perusahaan.
  12. Fahmi, I. (2015). Pengantar Manajemen Keuangan Teori dan Soal Jawab. Bandung: Alfabeta.
  13. Gibson, C. H. (2001). Financial Reporting Analysis, 8th. Edition. South-Western - Cengage Learning.
  14. Gitman, L. J., & Zutter, C. J. (2018). Principles of Managerial Finance. Pearson.
  15. Gunartin, G., Hamdana, H., Hastutik, S., & Mamduh, A. (2021). The Influence Current Ratio and Debt to Asset Ratio on Return of Assets In PT. Sukabaja Panelindo Utama Jakarta. Kontigensi: Jurnal Ilmiah Manajemen, 9(1), 181-188.
  16. Hantono. (2013). Jurnal. Vol. 5, Nomor 01. Pengaruh Current ratio dan Debt to Equity Ratio Terhadap Profitabilitas pada Perusahaan Manufaktur Sektor Logam dan Sejenisnya yang Terdaftar di BEI periode 2009-2013.
  17. Harahap, S. S. (2005). Analisis Krisis atas Laporan keuangan. Jakarta: PT Raja Grafindo Persada.
  18. Hasan, I. (2006). Analisis Data Penelitian dengan Statistik. Jakarta: Bumi Aksara.
  19. Hastuti, N. (2010). Skripsi. Analisis Pengaruh Periode Perputaran Persediaan, Periode Perputaran Hutang Dagang, Rasio Lancar, Leverage, Pertumbuhan Penjualan dan Ukuran Perusahaan Terhadap Profitabilitas Perusahaan Manufaktur yan terdaftar di BEI 2006-2008.
  20. Horne, J. C., & Machhowicz, J. M. (2009). Prinsip-Prinsip Manajemen Keuangan. Alih bahasa Dewi Fitriasari dan Deny A.Kwary. . Jakarta: Salemba Empat.
  21. Indriantoro, N., & Supomo, B. (2014). Metodologi Penelitian Bisnis Untuk. Akuntansi & Manajemen. Yogyakarta: BPFE.
  22. Jati, W. (2021). Influence of Operational Costs on Operating Revenue and Loan to Deposit Ratio against Return on Asset at PT. Bank Negara Indonesia, Tbk Year 2009-2019. Kontigensi: Jurnal Ilmiah Manajemen, 9(1), 1-9.
  23. Jensen, M. (2002). Value maximization, stakeholder theory, and the corporate objective function. Business Ethics Quarterly, 12, 235–256
  24. Kasmir. (2008). Bank dan Lembaga Keuangan Lainnya. Edisi Revisi. Jakarta: RajaGrafindo Persada.
  25. Keown, A. J., & Scott Jr., D. F. (2001). Basic Financial Management.7th Edition. Prentice Hall.
  26. KNKT. (2014). Statistik Perhubungan:. Jakarta: KNKT.
  27. Mardi, R. W. (2008). Tesis. Pengaruh Struktur Aktiva, Profitabilitas, dan Kebijakan Dividen terhadap Struktur Pendanaan (Studi Empiris pada Industri Perbankan).
  28. Martin, J. D. (1999). Dasar- Dasar Manajemen Keuangan. Jakarta: Salemba Empat.
  29. Musthafa. (2017). Manajemen Keuangan. Yogyakarta: ANDI.
  30. Myers, S. C., & Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13(2), 187-221.
  31. Pratiwi, N. L. (2011). Skripsi. Pengaruh Struktur Kepemilikan, likuiditas, Growth, Size, dan Leverage Terhadap Nilai Perusahaan.
  32. Prayudipta, L. D., & Dewi, F. R. (2015). Jurnal. Pengaruh Struktur Modal Terhadap Kinerja Keuangan Perusahaan Sektor Barang Konsumsi.
  33. Priadana, M. S., & Muis, S. (2009). Metodologi penelitian Ekonomi dan Bisnis. Yogyakarta: Graha Ilmu.
  34. Primadanti, D., & P, E. (2013). Jurnal. Pengaruh Size, Leverage,dan Growth Terhadap Kinerja Perusahaan pada Sektor Keuangan yan terdaftar di BEI periode 2008-2011.
  35. Resmawan, H. (2021). The Effect of Non-Performing Loan and Loan to Deposit Ratio on Return on Assets at PT. Bank Mandiri, Tbk Period 2011-2020. Kontigensi: Jurnal Ilmiah Manajemen, 9(1), 42-50.
  36. Riyanto, B. (2001). Dasar-Dasar Pembelanjaan Perusahaan. Edisi Keempat. Yogyakarta: BPEE.
  37. Ross, S. A., Westerfield, R. W., Jaffe, J. F., & Jordan, B. D. (2019). Corporate Finance. McGraw-Hill Education.
  38. Rosyadah, F. (2013). Jurnal. Pengaruh Struktur Modal Terhadap Profitabilitas (Studi Pada Perusahaan Real Estate and Property Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode 2009 – 2011.
  39. Sekaran, U. (2009). Research Methods For Business (Metodologi Penelitian Untuk Bisnis) Buku 1. Jakarta: Salemba Empat.
  40. Singarimbun, M., & Effendi, S. (2005). Metode Penelitian. Edisi Revisi. Jakarta: Pustaka LP3ES.
  41. Sudana, I. M. (2011). Manajemen Keuangan perusahaan (Teori & Praktik). Jakarta: Erlangga.
  42. Sugiono, A. (2009). Manajemen Keuangan Untuk Praktisi Keuangan. Jakarta: Grasindo.
  43. Sutrisno. (2001). Manajemen Keuangan Teori, Konsep dan Aplikasi. Yogyakarta: Ekonisia.
  44. Syamsuddin, L. (2007). Manajemen Keuangan Perusahaan. Jakarta: PT. Raja Grafindo Persada.
  45. Tandelilin, E. (2001). Analisis Investasi dan Manajemen Portofolio Edisi Pertama. Yogyakarta: BPFE.
  46. Wang, Y., & Berens, G. (2015). The impact of four types of corporate social performance on reputation and financial performance. Journal of Business Ethics, 131, 337–359.
  47. Weston, J. F., & Brigham, E. F. (2005). Dasar-Dasar Manajemen Keuangan. Jakarta: Erlangga.
  48. Wibowo, H. A., & Pujiati, D. (2011). Jurnal. Analisis Rasio Keuangan dalam Memprediksi Perubahan Laba pada Perusahaan Real Estate dan Property Di Bursa Efek Indonesia (BEI) dan Singapura (SGX).