Faktor yang Mempengaruhi Kinerja Perusahaan Manufaktur di Bursa Efek Indonesia

Abstract

This purpose of this study to analyze the performance of Intellectual Capital, Corporate Social Responsibility, Firm Size, and Debt to Equity Ratio simultaneously and partially affect the performance of manufacturing companies in Indonesia Stock Exchange which measured by the value of Tobin's Q. This study used a sample of 61 companies listed in Indonesia Stock Exchange in 2011-2013 that have been and meet the criteria of the study sample. Criteria sample is a company in the financial statements for 2011 - 2013 included all the elements in generating values or numbers of Intellectual Capital, Corporate Social Responsibility Disclosure, Firm Size, Debt to Equity Ratio and the value of Tobin's Q companies listed on the Stock Exchange effect of Indonesia Year 2011 - 2013. The analytical method used is multiple linear regression with a significance level of 5%. The analysis showed that simultaneously the value of Intellectual Capital, Corporate Social Responsibility, Firm Size and Debt to Equity Ratio significantly affects the performance of a manufacturing company in Indonesia Stock Exchange as measured by the value of Tobin's Q. Partially, Intellectual Capital and Corporate Social Responsibility significantly affects the performance of companies listed in Indonesia Stock Exchange as measured by Tobin's Q value, while the Firm Size and Debt to Equity ratio no significant effect on the performance of companies listed in Indonesia Stock Exchange as measured by the value of Tobin's Q.

Penelitian ini bertujuan untuk menganalisis kinerja Intelectual Capital, Corporate Social Responsibility, Ukuran Perusahaan, dan Debt to Equiy Ratio secara simultan dan parsial berpengaruh terhadap kinerja perusahaan manufaktur di Bursa Efek Indonesia yang diukur melalui nilai Tobin’s Q. Penelitian ini menggunakan sampel 61 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2011 – 2013 yang telah dipilih dan memenuhi kriteria sampel penelitian. Kriteria sampel adalah perusahaan yang dalam laporan keuangan tahun 2011 – 2013 mencantumkan semua unsur – unsur dalam menghasilkan nilai atau angka – angka dari Intellectual Capital, Corporate Social Responsibility Disclosure, Firm Size, Debt to Equity Ratio dan nilai Tobin’s Q perusahaan manufaktur yang terdaftar pada Bursa Efek Indonesia Tahun 2011 – 2013. Metode analisis yang digunakan adalah regresi linier berganda dengan tingkat signifikansi 5%. Dari hasil analisis menunjukkan bahwa secara simultan nilai Intellectual Capital, Corporate Social Responsibility, Ukuran Perusahaan dan Debt to Equity Ratio berpengaruh signifikan terhadap kinerja perusahaan manufaktur di Bursa Efek Indonesia yang diukur melalui nilai Tobin’s Q. Secara parsial, Intellectual Capital dan Corporate Social Responsibility berpengaruh signifikan terhadap kinerja perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia yang diukur melalui nilai Tobin’s Q, sedangkan Ukuran Perusahaan dan Debt to Equity Ratio berpengaruh tidak signifikan terhadap kinerja perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia yang diukur melalui nilai Tobin’s Q.