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Jurnal

PENGARUH EFISIENSI OPERASIONAL DAN INTENSITAS MODAL TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN MANUFAKTUR SUBSEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

JURNAL AKUNTANSI, AUDIT, DAN ASET (AAA) · Vol. 9 No. 1 (2026)

Published
2026-05-31
Publisher
JURNAL AKUNTANSI, AUDIT, DAN ASET (AAA)
Language
eng

Abstract

This study aims to analyze the effect of operational efficiency and capital intensity on the financial performance of food and beverage manufacturing companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The research employed a quantitative approach using secondary data obtained from annual financial reports. The sample consisted of 15 companies with 75 observations selected through purposive sampling. Data analysis was conducted using panel data regression. The results indicate that, simultaneously, operational efficiency and capital intensity have a significant effect on financial performance. Partially, operational efficiency has a negative and significant effect on financial performance, while capital intensity has a positive but insignificant effect. These findings suggest that controlling operational costs is an important factor in improving a company’s financial performance. Keywords: Operational Efficiency, Capital Intensity, Financial Performance.

Collaboration network of the authors

8 authors · 12 co-authorship links · 2 across different organisations

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  • Universitas Gadjah Mada
  • Perbanas Institute
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Jogiyanto HartonoUniversitas Gadjah Mada1
Luciana Spica AlmiliaPerbanas Institute1
Ertambang NahartyoUniversitas Gadjah Mada1
Andi IsmiraAffiliation unknown1
Eni SusantiAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://ejournal.uncen.ac.id/index.php/AAA/oai, first harvested 1 Nov 2026, last seen 1 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">PENGARUH EFISIENSI OPERASIONAL DAN INTENSITAS MODAL TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN MANUFAKTUR SUBSEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA</dc:title>
	<dc:creator>Sahlan, Fahmi</dc:creator>
	<dc:creator>Supriyadi</dc:creator>
	<dc:creator>Sadriani</dc:creator>
	<dc:description xml:lang="en-US">This study aims to analyze the effect of operational efficiency and capital intensity on the financial performance of food and beverage manufacturing companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The research employed a quantitative approach using secondary data obtained from annual financial reports. The sample consisted of 15 companies with 75 observations selected through purposive sampling. Data analysis was conducted using panel data regression. The results indicate that, simultaneously, operational efficiency and capital intensity have a significant effect on financial performance. Partially, operational efficiency has a negative and significant effect on financial performance, while capital intensity has a positive but insignificant effect. These findings suggest that controlling operational costs is an important factor in improving a company’s financial performance.
Keywords: Operational Efficiency, Capital Intensity, Financial Performance. </dc:description>
	<dc:publisher xml:lang="en-US">JURNAL AKUNTANSI, AUDIT, DAN ASET (AAA)</dc:publisher>
	<dc:publisher xml:lang="id-ID">JURNAL AKUNTANSI, AUDIT, DAN ASET (AAA)</dc:publisher>
	<dc:date>2026-05-31</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://ejournal.uncen.ac.id/index.php/AAA/article/view/5881</dc:identifier>
	<dc:source xml:lang="en-US">JURNAL AKUNTANSI, AUDIT, DAN ASET (AAA); Vol. 9 No. 1 (2026): Volume 9 Nomor 1 Mei 2026</dc:source>
	<dc:source xml:lang="id-ID">JURNAL AKUNTANSI, AUDIT, DAN ASET (AAA); Vol 9 No 1 (2026): Volume 9 Nomor 1 Mei 2026</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://ejournal.uncen.ac.id/index.php/AAA/article/view/5881/3792</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2026 JURNAL AKUNTANSI, AUDIT, DAN ASET (AAA)</dc:rights>
</oai_dc:dc>