Faktor-faktor yang mempengaruhi profitabilitas pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia
P enelitian ini bertujuan untuk mengetahui faktor-faktor yang mempengaruhi profitabilitas perusahaan. Sampel yang digunakan dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2014 – 2018.Variabel independen dalam penelitian ini adalah lagged profitability, firms age,liquidity, labour cost, industrial concentration, capital intensity, inflasi, dan economic growth dan variabel dependen adalah profitabilitas perusahaan. Jumlah sampel penelitian adalah sebanyak 85 perusahaan manufaktur dengan menggunakan teknik purposive sampling. Berdasarkan hasil regresi data panel menunjukan bahwa lagged profitability, firms age, liquidity, dan industrial concentration memiliki pengaruhpositif terhadap profitabilitas perusahaan. Sedangkan Labour cost, capital intensity,inflasi, dan economic growth memiliki pengaruh negatif terhadap profitabilitas perusahaan. Hasil penelitian ini diharapkan dapat memberikan masukan bagi perusahaan dan investor agar mempertimbangkan lagged profitability, firms age,liquidity, dan industrial concentration karena mampu meningkatkan profitabilitas perusahaan.
T his research aims to determine the factors that influence firms profitability. The sample used in this research were manufacturing firms listed on Indonesia Stock Exchange (IDX) in the period 2014 – 2018. The independent variables are lagged profitability, firms age, liquidity, labour cost, industrial concentration, capital intensity, inflation rate, and economic growth, and the dependent variable is firms profitability. The number of the samples in this research are 85 manufacturing firmsby using purposive sampling technique. Based on the results of panel data regression model indicates that lagged profitability, firms age, liquidity, and industrial concentration has a positive impact on firms profitability. While Labour cost, capital intensity, inflation rate, and economic growth has negative impact on firmsprofitability. The results of this research are expected to be the reference for companiesand investors to pay attention to lagged profitability, firms age, liquidity, and industrialconcentration because it can increase firms profitability.