Faktor faktor penentu profitabilitas pada perusahaan infrastruktur yang terdaftar di Bursa Efek Indonesia
P enelitian ini bertujuan untuk menguji tingkat utang, ukuran perusahaan, perisai pajak non-utang, pertumbuhan total aset, likuiditas, risiko, produk domestik bruto, inflasi, dan public debt terhadap profitabilitas. Teknik pengambilan sampel yang digunakan adalah purposive sampling. Sampel pada penelitian sebanyak 33 perusahaan infrastruktur yang terdaftar di Bursa Efek Indonesia selama periode 2017-2021 sehingga terdapat 165 sampel. Metode penelitian yang digunakan adalah analisis regresi data panel dan didapatkan hasil tingkat utang berpengaruh negatif terhadap return on asset, ukuran berpengaruh negatif terhadap return on capital employed, perisai pajak non-utang dan risiko berpengaruh positif terhadap return on asset dan berpengaruh negatif terhadap return on capital employed, dan likuiditas berpengaruh positif terhadap return on asset dan return on capital employed. Temuan dalam penelitian ini diharapkan dapat memberikan manfaat bagi perusahaan dan investor untuk memahami apa saja faktor faktor penentu profitabilitas pada perusahaan infrastruktur.
T his study aims to examine leverage, company size, non-debt tax shield, total asset growth, liquidity, risk, gross domestic products, inflation, and public debt to profitability. The sampling technique used was purposive sampling. The sample in the study was 33 infrastructure companies listed on the Indonesia Stock Exchange during the 2017-2021 period so there were 165 samples. The research method used is panel data regression analysis and obtains the results that leverage has a negative effect on return on asset, size has a negative effect on return on capital employed, non-debt tax shields and risk have a positive effect on return on asset and negative effect on return on capital employed, and liquidity has a positive effect on return on asset and return on capital employed. The findings in this study are expected to provide benefits for companies and investors to understand what are the determinants of profitability in a company's infrastructure.