The Influence of Digital Transformation and Leverage on the Financial Performance of Companies in the Infrastructure, Transportation and Logistics Sector Listed on the IDX
DOI:
https://doi.org/10.55606/ijemr.v3i3.426Keywords:
Digital-Transformation, Leverage, Financial-PerformanceAbstract
This study aims to analyze the effect of digital transformation and leverage on the financial performance of companies in the infrastructure, transportation and logistics sectors listed on the Indonesia Stock Exchange from 2019 to 2023. The population in this study were infrastructure, transportation and logistics companies listed on the Indonesia Stock Exchange. While the sample in this study was determined by the purposive sampling method, namely infrastructure, transportation and logistics companies for five consecutive years from 2019-2023 so that a sample size of 41 companies was obtained with 205 observation data. The analysis method used is the multiple linear regression method using the IBM SPSS Statistic 24 program. The results of this study conclude that digital transformation has a negative and significant effect on the company's financial performance, and leverage has a negative and significant effect on the company's financial performance.
References
Putriana, “Analisis Strategi Bisnis di Era Transformasi Digital,” MUKASI: Jurnal Ilmu Komunikasi, vol. 2, no. 3, pp. 223–232, Aug. 2023, doi: 10.54259/mukasi.v2i3.2105.
Ullah, C. Pinglu, S. Ullah, M. Zaman, and S. H. Hashmi, “The nexus between capital structure, firm-specific factors, macroeconomic factors and financial performance in the textile sector of Pakistan,” Heliyon, vol. 6, no. 8, Aug. 2020, doi: 10.1016/j.heliyon.2020.e04741.
Widarti, Y. Sudaryo, and N. A. Sofiati, “Analisis Debt to Equity Ratio (DER), Debt to Assets Ratio (DAR) dan Current Ratio (CR) Terhadap Profitabilitas Perusahaan (Studi Pada Perusahaan Otomotif dan Komponen Yang Terdaftar Di Bursa Efek Indonesia Periode 2010–2019),” Jurnal Indonesia Membangun, vol. 20, no. 1, Dec. 2021. [Online]. Available: www.idx.co.id
Wernerfelt, “A Resource-based View of the Firm,” Strategic Management Journal, 1984.
Brigham and Houston, Dasar-dasar Manajemen Keuangan. Jakarta: Salemba Empat, 2013.
A. R. Panggayuh and A. Krisprimandoyo, “Analisis Transformasi Digital Terhadap Kinerja Perusahaan dengan Inovasi Digital Sebagai Variabel Mediasi (Studi Kasus Program CPMS Pada Kontraktor Ciputra Group),” Journal of Management and Business (JOMB), vol. 6, no. 5, Sep. 2024, doi: 10.31539/jomb.v6i5.12684.
Kurniawan and Samhaji, “Pengaruh Leverage, Likuiditas, dan Ukuran Perusahaan Terhadap Kinerja Keuangan Emiten Perbankan yang Terdaftar di Bursa Efek Indonesia,” Jurnal Manajemen, vol. 16, Jul. 2020, doi: https://doi.org/10.47313/oikonomia.v16i2.1175.
M. Simamora, I. R. Nasution, and Z. Zulkarnaen, “Pengaruh Leverage, Likuiditas, dan Firm Size Terhadap Kinerja Keuangan Pada Perusahaan Transportasi dan Logistik di Bursa Efek Indonesia Periode 2018–2022,” Jurnal Akuntansi, vol. 3, May 2024. [Online]. Available: https://doi.org/10.31219/osf.io/xxxx
Darsono and Ashari, Pedoman Praktis Memahami Laporan Keuangan. Yogyakarta: CV Andi Offset, 2005.
Susanto et al., “Pengembangan Strategi Manajemen Sumber Daya Manusia dalam Transformasi Digital Untuk Meningkatkan Kinerja Perusahaan,” Syntax Idea, vol. 6, no. 2, pp. 673–680, Feb. 2024, doi: 10.46799/syntax-idea.v6i2.2971.
Modigliani and M. Miller, “Corporate Income Taxes and the Cost of Capital: A Correction,” American Economic Review, vol. 53, no. 3, pp. 433–443, 1963.
F. Y. Z. Limesta and D. Wibowo, “Pengaruh RETURN On Asset dan Debt to Equity Ratio Terhadap Nilai Perusahaan Bank Syariah Sebelum Merger (Studi Kasus PT Bank BRI Syariah, Tbk Pada Bulan Januari–November 2020),” Jurnal Ilmiah M-Progress, vol. 11, Jun. 2021. [Online]. Available: www.cnbcindonesia.com
Hery, Analisis Laporan Keuangan Integrated and Comprehensive Edition. Jakarta: Kompas Gramedia, 2016.
Fahmi, Pengantar Manajemen Keuangan. Bandung: CV Alfabeta, 2018.
Ghozali, Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro, 2018.
Mergel, N. Edelmann, and N. Haug, “Defining digital transformation: Results from expert interviews,” Government Information Quarterly, vol. 36, no. 4, Oct. 2019, doi: 10.1016/j.giq.2019.06.002.
Kriebel et al., “The Effect of Digital Transformation on Bank Performance,” Sep. 2019, doi: https://doi.org/10.2139/ssrn.3461594.
Subramanyam and J. J. Wild, Analisa Laporan Keuangan, Edisi 1. 2010.
Kasmir, Analisis Laporan Keuangan, cet. ke-6. Jakarta: Rajawali Pers, 2013.
Kontić and Đ. Vidicki, “Strategy for Digital Organization: Testing a Measurement Tool for Digital Transformation,” 2018. [Online]. Available: https://www.researchgate.net/publication/365451006
L. P. V. Anandamaya and S. B. Hermantono, “Pengaruh Good Corporate Governance, Ukuran Perusahaan dan Leverage Terhadap Kinerja Keuangan,” Jurnal Ilmu dan Riset Akuntansi, vol. 10, no. 5, May 2021.
Zareie, N. Attig, S. El Ghoul, and I. Fooladi, “Firm digital transformation and corporate performance: The moderating effect of organizational capital,” Finance Research Letters, vol. 61, Mar. 2024, doi: 10.1016/j.frl.2024.105032.
C. Verhoef et al., “Digital transformation: A multidisciplinary reflection and research agenda,” Journal of Business Research, vol. 122, pp. 889–901, Jan. 2021, doi: 10.1016/j.jbusres.2019.09.022.
R. L. Ardhana, Suhendro, and S. Kuriniati, “Analisis Faktor-faktor yang Mempengaruhi Kinerja Keuangan,” Journal of Economic, Business and Accounting, vol. 7, no. 3, 2024.
S. D. K. Sari and H. Meidiaswati, “Pengaruh Leverage, Struktur Kepemilikan, dan Inovasi Terhadap Kinerja Keuangan pada Perusahaan Sektor Infrastruktur, Utilitas, dan Transportasi Periode 2019–2023,” Jurnal Ilmu Manajemen, pp. 39–51, Feb. 2025, doi: 10.26740/jim.v13n1.p39-51.
S. Khin and T. C. F. Ho, “Digital technology, digital capability and organizational performance: A mediating role of digital innovation,” International Journal of Innovation Science, vol. 11, no. 2, pp. 177–195, May 2019, doi: 10.1108/IJIS-08-2018-0083.
S. Munawir, Analisis Informasi Keuangan. Yogyakarta: Liberty, 2012.
S. Priyatnasari and U. Hartono, “Rasio Keuangan, Makroekonomi dan Financial Distress: Studi Pada Perusahaan Perdagangan, Jasa dan Investasi di Indonesia,” Jurnal Ilmu Manajemen, vol. 7, no. 4, 2019.
T. Chandra, “Faktor-faktor yang Mempengaruhi Struktur Modal Pada Perusahaan Properti dan Real Estate di Indonesia,” Ekuitas: Jurnal Ekonomi dan Keuangan, vol. 18, no. 4, Dec. 2014.
X. Guo, M. Li, Y. Wang, and A. Mardani, “Does digital transformation improve the firm’s performance? From the perspective of digitalization paradox and managerial myopia,” Journal of Business Research, vol. 163, Aug. 2023.
Y. Peng and C. Tao, “Can digital transformation promote enterprise performance? —From the perspective of public policy and innovation,” Journal of Innovation and Knowledge, vol. 7, no. 3, Jul. 2022, doi: 10.1016/j.jik.2022.100198.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 International Journal of Economics and Management Research
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
