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Factors Affecting the Financial Performance of Property Andreal Estate Companies Listed at Indonesia Stock Exchange

Author

Listed:
  • Deitiana, Tita

    (Trisakti School of Management)

  • Habibuw, Lionel Greg

    (Trisakti School of Management)

Abstract

Financial performance is one of the factors used by investors in buying shares. For companies, improving financial performance is a must in order to keep the company's stock attractive to investors. Financial statements published by the company are a reflection of the company's financial performance. These financial statements are the result of the accounting process that is intended to provide the financial information of a company. The financial information can be used by users for making investment decisions. Performance is the result of the fulfillment of the tasks assigned. Company performance describes how individualsin the company tries to achieve a goal. Company performance illustrates the magnitude of the results in a process that has been achieved compared with the company’s goal. The purpose of this study is to find out factors determining financial performance. The objects of this study are property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the period of 2007 – 2012. Data for this study stems from secondary data gathered by analyzing financial statement of the sample companies. The data is then analyzed with Eviews 7.2 Panel Data Regression Analysis. The research findings can be summarized as follows. Variable leverage and Firm Age has an effect on financial performance. Other variables like liquidity, Firm Size, Managerial Ownership and Block holder Ownership have no effect on financial performance.

Suggested Citation

  • Deitiana, Tita & Habibuw, Lionel Greg, 2015. "Factors Affecting the Financial Performance of Property Andreal Estate Companies Listed at Indonesia Stock Exchange," Asian Business Review, Asian Business Consortium, vol. 5(2), pages 79-88.
    • Handle: RePEc:ris:asbure:0080
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    Citations

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    Cited by:

    1. Ebtehal Al-Ma'aeteh & Tasneam Basyouni & Malak Smadi & Feras Alrawashdeh & Sadam Al Wadi, 2019. "Factors affecting performance of Jordanian Insurance Corporations in Jordan," Journal of Social Sciences (COES&RJ-JSS), , vol. 8(4), pages 558-573, October.
    2. Nicoleta Bărbuță-Mișu & Mara Madaleno & Vasile Ilie, 2019. "Analysis of Risk Factors Affecting Firms’ Financial Performance—Support for Managerial Decision-Making," Sustainability, MDPI, vol. 11(18), pages 1-19, September.
    3. Mosab I. Tabash & Eissa A. Al-Homaidi & Anwar Ahmad & Najib H.S. Farhan, 2020. "Factors affecting financial performance of Indian firms: an empirical investigation of firms listed on Bombay Stock Exchange," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 13(2), pages 152-172.
    4. Eissa A. Al-Homaidi & Najib H.S. Farhan & Waleed M. Alahdal & Amgad S.D. Khaled & Moatasem M. Qaid, 2021. "Factors affecting the profitability of Indian listed firms: a panel data approach," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 23(1), pages 1-17.
    5. Madaleno Mara & Bărbuţă-Mişu Nicoleta, 2019. "The Financial Performance of European Companies: Explanatory Factors in the Context of Economic Crisis," Ekonomika (Economics), Sciendo, vol. 98(2), pages 6-18, December.

    More about this item

    Keywords

    Financial Performance; Leverage; Liquidity; Firm Size; Firm Age; Ownership;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

    Statistics

    Access and download statistics

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