Pengaruh Faktor Internal Terhadap Profitabilitas Perusahaan Asuransi

Authors

  • Adrian Hartanto Darma Sanputra Universitas Negeri Malang
  • Cindy Kharisma Puspitasari Universitas Negeri Malang
  • Citra Duwi Puspita Sari Universitas Negeri Malang
  • Defrina Eka Orchidta Ramadina Universitas Negeri Malang
  • Devita Hidayatul Jannah Universitas Negeri Malang
  • Ervina Dwi Aprilia Universitas Negeri Malang
  • Ghina Mufidatus Salma Universitas Negeri Malang

DOI:

https://doi.org/10.37329/ganaya.v7i1.3704

Keywords:

Life Insurence Company, RBT, Profitability, Internal Factors, Indonesia

Abstract

This study explores the internal elements that influence the profitability of life insurance companies in Indonesia, using Resource-Based Theory (RBT). A quantitative exploratory method was used to collect data from conventional and sharia life insurance companies registered with the Financial Services Authority (OJK) during the 2019-2023 period. To select 24 companies that meet the criteria, purposive sampling method is used to collect 120 sample data. According to the Vector Error Correction Model (VECM) analysis, leverage and underwriting risk have a positive effect on profitability in the long run; in contrast, capital volume and firm size have a negative effect. The results suggest that operational efficiency, flexibility in capital management, and determining the ideal firm size are important. Before making an investment, potential investors should thoroughly analyze the company's organization and performance, as well as potential underwriting and leverage risks.

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Published

20-02-2024

How to Cite

Sanputra, A. H. D. ., Puspitasari, C. K. ., Puspita Sari, C. D. ., Ramadina, D. E. O. ., Jannah, D. H., Aprilia, E. D. ., & Salma, G. M. . (2024). Pengaruh Faktor Internal Terhadap Profitabilitas Perusahaan Asuransi. Ganaya : Jurnal Ilmu Sosial Dan Humaniora, 7(1), 320–334. https://doi.org/10.37329/ganaya.v7i1.3704

Issue

Vol. 7 No. 1 (2024)

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Articles

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Copyright (c) 2024 Adrian Hartanto Darma Sanputra, Cindy Kharisma Puspitasari, Citra Duwi Puspita Sari, Defrina Eka Orchidta Ramadina, Devita Hidayatul Jannah, Ervina Dwi Aprilia, Ghina Mufidatus Salma (Author)

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