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Abstract:The purpose of this paper is to analyze the role of intellectual capital (IC) and its relationship with financial performance of Indonesian Insurance during the period 2003-2012. In total, 11 insurance companies were selected as the sample. Regression model (partial least squares) has been applied to examine the relationship between IC and companies return on assets ratio (ROA). The results of the research revealed that Value added capital coefficient (VACA) have a significantly negative effect and value added human capital (VAHU) has a positive significant effect on the performance of the company (ROA), while the value added of structural capital (SCVA), firm size and financial leverage does not have a significant effect on company performance (ROA). Value added human capital (VAHU) and financial leverage has a positive significant effect on the performance of the company (ROE), while the Value Added Capital Coefficient (VACA), Value Added Structural Capital (SCVA) and firm size has no significant effect on company performance (ROE). Keywords: Insurance Companies, Value added, Intellectual Capital, Financial PerformanceAbstrak: Tujuan dari penulisan ini adalah untuk menganalisis peran intellectual capital (IC) dan hubungannya dengan kinerja keuangan Asuransi Indonesia selama periode 2003-2012. Secara total, 11 perusahaan asuransi terpilih sebagai sampel. Model regresi (kuadrat terkecil parsial) telah diterapkan untuk menguji hubungan antara rasio imbal hasil (ROA) IC dan perusahaan. Hasil penelitian menunjukkan bahwa nilai tambah modal koefisien (VACA) berpengaruh secara signifikan negatif dan nilai tambah human capital (VAHU) berpengaruh positif signifikan terhadap kinerja perusahaan (ROA), sedangkan nilai tambah modal struktural SCVA), ukuran perusahaan dan financial leverage tidak berpengaruh signifikan terhadap kinerja perusahaan (ROA). Nilai tambah human capital (VAHU) dan financial leverage berpengaruh positif signifikan terhadap kinerja perusahaan (ROE), sedangkan Value Added Capital Coefficient (VACA), Value Added Structural Capital (SCVA) dan ukuran perusahaan tidak berpengaruh signifikan terhadap kinerja perusahaan (ROE).Kata kunci: Perusahaan Asuransi, Nilai Tambah, Modal Intelektual, Kinerja Keuangan PENDAHULUANUntuk mempertahankan keunggulan kompetitif perusahaan, sebaiknya perusahaan meningkatkan kualitas dari sumber daya manusia perusahaan tersebut. Sumber daya utama perusahaan tidak hanya mencakup sumber daya yang berwujud, tetapi juga yang tidak berwujud yang langka, tidak ternilai harganya, tidak tergantikan dan tidak berujung. Selain

<p><em>The purpose of this study is to determine the impact of liquidity, leverage and bank size on profitability in Indonesian conventional banking sector</em><em> as the influencer of economic movements in this country</em><em>. This study employed the total of  29 commercial banks listed on Indonesia Stock Exchange during the period of 2010-2019. There are total of 290 observations made in the study. The dependent variable used in this study is bank’s profitability measured by return on asset (ROA), return on equity (ROE) and net interest margin (NIM). The independent variables are liquidity</em><em> measured by loan to deposit ratio (LDTR)</em><em>, leverage</em><em> measured by equity to asset ratio (ETAR)</em><em> and bank size</em><em> measured by natural log of total asset (LNTA) </em><em>. The result shows that liquidity was observed to has insignificant negative impact on bank’s ROA and ROE, and positively affect NIM but statistically insignificant. While leverage has negative but insignificant  impact on ROA and NIM, and significanlly has negative affect on ROE. Meanwhile, bank size has positive and significant impact on ROA, then has insignificant negative impact on ROE, and significantly has negative affect on NIM.This study could help the internal management of Indonesian conventional banking sector to make policy and decision in order to improve bank’s profitability.</em><em></em><em></em></p>

Capital adequacy ratio (CAR) is an important indicator of bank safety sustainability. Banks that can guarantee CAR means the bank has the power to resist the financial crisis, protecting the bank itself and funds from depositors. This study aimed to determine the factors that affect the CAR. The sample used in this study is the banking industry listed on the Indonesia Stock Exchange (IDX) from 2007 until 2018. Independent variables are bank size, leverage, loan loss reserves, net interest margin, loan assets ratio, and liquidity. The dependent variable is CAR. The number of samples is 27 conventional banks by using purposive sampling. By using panel data regression analysis by estimating ordinary General Least Squares (GLS) method. The results of this study indicate that bank size, leverage, loan loss reserve, net interest margin, and loan asset ratio has an effect on CAR significantly while liquidity has no effect on CAR. The results of this study are expected to be used as a reference for bank managers and investors in looking at the factors that affect the CAR in the banking industry. AbstrakRasio kecukupan modal (CAR) merupakan indikator penting untuk keberlanjutan keselamatan bank. Bank yang dapat menjamin CAR berarti bank memiliki kekuatan untuk melawan krisis keuangan, melindungi bank itu sendiri dan dana dari deposan. Penelitian ini bertujuan untuk mengetahui faktor-faktor yang memengaruhi CAR. Sampel yang digunakan dalam penelitian ini adalah industri perbankan yang terdaftar di Bursa Efek Indonesia (BEI) dari tahun [2007][2008][2009][2010][2011][2012][2013][2014][2015][2016][2017][2018]. Variabel independen adalah ukuran bank, leverage, cadangan kerugian pinjaman, margin bunga bersih, rasio aset pinjaman, dan likuiditas. Variabel dependen adalah CAR. Jumlah sampel adalah 27 bank konvensional dengan menggunakan purposive sampling. Dengan menggunakan analisis regresi data panel dengan metode pendekatan General Least Square (GLS). Hasil penelitian ini menunjukkan bahwa ukuran bank, leverage, cadangan kerugian pinjaman, marjin bunga bersih, rasio aset pinjaman berpengaruh signifikan terhadap CAR sedangkan likuiditas tidak berpengaruh terhadap CAR. Hasil penelitian ini diharapkan dapat digunakan sebagai referensi bagi manajer bank dan investor dalam melihat faktor-faktor yang memengaruhi CAR di industri perbankan.

Abstract

<p>Penelitian ini bertujuan untuk mengetahui pengaruh <em>size</em>, <em>liquidity</em>, <em>capital</em> dan <em>management efficiency</em> terhadap profitabilitas bank umum yang terdaftar di Bursa Efek Indonesia periode 2009-2013 yang berjumlah 28 bank. Dalam penelitian ini variabel independen yang digunakan adalah <em>size</em>, <em>liquidity</em>, <em>capital</em> dan <em>management efficiency</em> dan variabel dependen yang digunakan adalah <em>return on asset</em> (ROA) dan <em>earning yield</em> (EY). Hasil dari penelitian ini menunjukkan bahwa <em>s</em><em>ize</em><em>, capital, </em>dan<em> management efficiency</em> memiliki pengaruh positif yang signifikan terhadap <em>return on asset</em> (ROA). Sedangkan <em>liquidity</em> tidak memiliki pengaruh yang signifikan terhadap <em>return on asset</em> (ROA) dan <em>s</em><em>ize</em> dan <em>capita</em><em>l </em>memiliki pengaruh positif yang signifikan terhadap <em>earning yield</em> (EY). Sedangkan <em>liquidity</em><em> dan management efficiency</em> tidak memiliki pengaruh yang signifikan terhadap <em>earning yield </em>(EY). Hal ini mengindikasikan bahwa ukuran sebuah perusahaan dapat mempengaruhi profitabilitas. Begitu juga dengan tingginya tingkat <em>capital</em> dan <em>management efficiency</em> yang dimiliki perusahaan menjadikan kinerja keuangan perusahaan lebih baik.</p><p> </p><p> Kata kunci: Earning Yield (EY), Profitabitas Bank Umum, Return on Asset (ROA).<em></em></p><p> </p>

<p>This study aims to analyze and determined the relationship of leverage on corporate profitability.The study wanted to analyze the relationship between financial leverage, operating leverage, combined leverage, and debt equity ratio of earning per share. The aim is to explain how the earning capacity gain is influenced by the performance management fixed operating costs and fixed financial costs. In addition this study also explains the relationship between Debt Equity Ratio and Earning Per Share.<br />In this study, selected on food and beverage manufacturing subindustry listed on the Indonesia Stock Exchange during a periode of 11 years from 1999 — 2009. Using Kruskal Wallis testing, spearman correlation analysis and the classical assumption of normality. The result showed that the data DFL, DOL, and DCL didn't differ significantly in manufacturing subindustry. fry the DER and EPS data show that differ significantly in manufacturing subindustry of food and beverages. In addition these studies show that the DFL and DCL have a positive relationship to the EPS, while the DOL and the DER ha.s'a negative relationship to the EPS.</p><p><strong>Keywords : DCL, DER, DFL, DOL, Earning Per Share, Leverage, and Profitability</strong></p>

The objective of the empirical study is to examine and analyze the impact of dividend policy on the share prices. The sample object used in this research are manufacturing companies listed on Indonesia Stock Exchange in the period 2014-2018. The independent variables are dividend per share, retention ratio, return on equity, dividend yield and earnings per share. The dependent variable is share prices of manufacture sector. The number of the samples in this research are 36 companies by using purposive sampling technique. Based on the results of panel data regression model indicates that dividend per share has a positive impact on share prices. Dividend yield has negative impact on share prices. Retention ratio, return on equity and earnings per share has insignificant impact on share prices. The results of this study are expected to be the reference for companies and investors to increase share prices.