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The Determinants Of Firm Performance Of Indonesian Listed Companies

Management Analysis Journal · Vol. 10 No. 3 (2021) · pp. 330–340

DOI
10.15294/maj.v10i3.45684
ISSN
2502-1451, 2252-6552
Published
2021-11-01
Publisher
Universitas Negeri Semarang
Language
eng

Abstract

One of the important aspects in the company is company performance. In company performance, there are aspects of financial performance that are important to measure in order to get a picture of the company’s financial condition. This study aims to examine the effect of firm size, growth opportunity, and asset structure on financial performance with capital structure as an intervening variable. This research is a quantitative research. The samples of this study are property and real estate companies listed on the IDX for the 2015-2019 period. The data collection method uses the documentation method from secondary data in the form of an annual report that has been published on the IDX. The data analysis method used is multiple regression method and single test. Firm size, growth opportunity, asset structure and capital structure have a 74. 51% influence on the performance of property and real estate companies. This study shows that firm size, asset structure and capital structure have a negative effect on firm performance, while growth opportunity has no effect on financial performance. The capital structure has not been able to mediate the effect of independent variables on financial performance.

Collaboration network of the authors

40 authors · 71 co-authorship links

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • State University of Semarang
  • Universitas Gadjah Mada
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Siti MursidahAffiliation unknown6
Cahya WulandariState University of Semarang3
Ricky Dermawan FauziAffiliation unknown3
Lidiadni SeptantriAffiliation unknown3
Muhamad Sayuti HassanAffiliation unknown2
Ngabiyanto NgabiyantoAffiliation unknown1
Margareta RahayuningsihAffiliation unknown1
S MartonoAffiliation unknown1
Suminar SuminarAffiliation unknown1
Tsabit Azinar AhmadAffiliation unknown1
Andre Setyo NugrohoAffiliation unknown1
Ketut SudarmaAffiliation unknown1
Ascariena RafindaAffiliation unknown1
Rini Setyo WitiastutiAffiliation unknown1
Yumna Wardatul NafiahAffiliation unknown1
Muhammad Sayuti HassanAffiliation unknown1
Mamduh Mahmadah HanafiUniversitas Gadjah Mada1
Hadri KusumaAffiliation unknown1
Asma Hakimah Ab HalimAffiliation unknown1
Nurma WaddahAffiliation unknown1
Andromeda AdrianAffiliation unknown1
Sri MuliawatiAffiliation unknown1
Srianingsih SrianingsihAffiliation unknown1
Ely Pramuji UtamiAffiliation unknown1
Diah RahmawatiAffiliation unknown1
Eva Rosa Dewi SutinoAffiliation unknown1
Muftiai TastaftianAffiliation unknown1
Purwaningsih PurwaningsihAffiliation unknown1
Muhamad Naufal Nur RidhaAffiliation unknown1
Fitriana Dwi PrasetyowatiAffiliation unknown1
Indah Roikhatul JannahAffiliation unknown1
Rini Listia MugiartiAffiliation unknown1
Wiwit Nur MaftuchoAffiliation unknown1
Vega Rut HarlinaAffiliation unknown1
Karina Chandra DewiAffiliation unknown1
Akhmad BandanujiAffiliation unknown1
Eva Yuni RisnaeniAffiliation unknown1
Mahardika Dandy NugrahaAffiliation 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://journal.unnes.ac.id/sju/index.php/maj/oai, first harvested 6 Nov 2026, last seen 6 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">The Determinants Of Firm Performance Of Indonesian Listed Companies</dc:title>
	<dc:creator>Kaylsi, Helmi Khairunnisa Putri</dc:creator>
	<dc:creator>Khoiruddin, Moh.</dc:creator>
	<dc:description xml:lang="en-US">One of the important aspects in the company is company performance. In company performance, there are aspects of financial performance that are important to measure in order to get a picture of the company’s financial condition. This study aims to examine the effect of firm size, growth opportunity, and asset structure on financial performance with capital structure as an intervening variable. This research is a quantitative research. The samples of this study are property and real estate companies listed on the IDX for the 2015-2019 period. The data collection method uses the documentation method from secondary data in the form of an annual report that has been published on the IDX. The data analysis method used is multiple regression method and single test. Firm size, growth opportunity, asset structure and capital structure have a 74. 51% influence on the performance of property and real estate companies. This study shows that firm size, asset structure and capital structure have a negative effect on firm performance, while growth opportunity has no effect on financial performance. The capital structure has not been able to mediate the effect of independent variables on financial performance.</dc:description>
	<dc:publisher xml:lang="en-US">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2021-11-01</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://journal.unnes.ac.id/sju/maj/article/view/45684</dc:identifier>
	<dc:identifier>10.15294/maj.v10i3.45684</dc:identifier>
	<dc:source xml:lang="en-US">Management Analysis Journal; Vol 10 No 3 (2021): Management Analysis Journal; 330-340</dc:source>
	<dc:source>2502-1451</dc:source>
	<dc:source>2252-6552</dc:source>
	<dc:source>10.15294/maj.v10i3</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/sju/maj/article/view/45684/20194</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2021 Management Analysis Journal</dc:rights>
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