Pengaruh Debt to Equity Ratio dan Debt to Asset Ratio Terhadap Return on Equity pada Sektor Perusahaan Asuransi di BEI Tahun 2018-2023

Lisdayani Lisdayani ; Fitria Mandaraira ; Tio Devilishanti ; Mardaleta Mardaleta ; Afni Abdul Manan
Jurnal Manuhara : Pusat Penelitian Ilmu Manajemen... 📅 2025 Vol 3, No 1 🔗 DOI: 10.61132/manuhara.v3i1.1520
Abstract
This research aims to analyze the effect of Debt to Equity Ratio and Debt to Asset Ratio on Return on Equity in insurance sector companies listed on the Indonesia Stock Exchange for the 2018-2023 period. This research uses quantitative descriptive analysis methods. The research sample was obtained from the annual financial reports of 15 insurance companies selected using purposive sampling techniques, resulting in 90 observations. The research results show that partially, the Debt to Equity Ratio has a significant positive effect on Return on Equity, while the Debt to Asset Ratio also has a significant effect on Return on Equity. The results of simultaneous hypothesis testing show that the Debt to Equity Ratio and Debt to Asset Ratio have a significant positive influence on Return on Equity in insurance companies on the Indonesia Stock Exchange. A high Debt to Equity Ratio can increase profits if managed well, even though it carries financial risks. on the other hand, a Debt to Asset Ratio that is too high can suppress Return on Equity, especially in unstable economic conditions. This research provides insight into managing capital structure optimally to maximize Return on Equity by considering the balance between Debt to Equity Ratio and Debt to Asset Ratio. Apart from that, the research results can help the Financial Services Authority (OJK) in formulating policies that support the financial stability of insurance companies in Indonesia.
Keywords
Debt to Equity Ratio; Debt to Asset Ratio; Return on Equity
How to Cite

Lisdayani Lisdayani, et al. (2025). Pengaruh Debt to Equity Ratio dan Debt to Asset Ratio Terhadap Return on Equity pada Sektor Perusahaan Asuransi di BEI Tahun 2018-2023. Jurnal Manuhara : Pusat Penelitian Ilmu Manajemen dan Bisnis, 3(1). https://doi.org/10.61132/manuhara.v3i1.1520

Lisdayani Lisdayani; Fitria Mandaraira; Tio Devilishanti; Mardaleta Mardaleta; Afni Abdul Manan, "Pengaruh Debt to Equity Ratio dan Debt to Asset Ratio Terhadap Return on Equity pada Sektor Perusahaan Asuransi di BEI Tahun 2018-2023," Jurnal Manuhara : Pusat Penelitian Ilmu Manajemen dan Bisnis, vol. 3, no. 1, 2025.

Lisdayani Lisdayani; Fitria Mandaraira; Tio Devilishanti; Mardaleta Mardaleta; Afni Abdul Manan. "Pengaruh Debt to Equity Ratio dan Debt to Asset Ratio Terhadap Return on Equity pada Sektor Perusahaan Asuransi di BEI Tahun 2018-2023." Jurnal Manuhara : Pusat Penelitian Ilmu Manajemen dan Bisnis, vol. 3, no. 1, 2025.

Lisdayani Lisdayani; Fitria Mandaraira; Tio Devilishanti; Mardaleta Mardaleta; Afni Abdul Manan. "Pengaruh Debt to Equity Ratio dan Debt to Asset Ratio Terhadap Return on Equity pada Sektor Perusahaan Asuransi di BEI Tahun 2018-2023." Jurnal Manuhara : Pusat Penelitian Ilmu Manajemen dan Bisnis 3, no. 1 (2025).

Lisdayani Lisdayani, et al. (2025) 'Pengaruh Debt to Equity Ratio dan Debt to Asset Ratio Terhadap Return on Equity pada Sektor Perusahaan Asuransi di BEI Tahun 2018-2023', Jurnal Manuhara : Pusat Penelitian Ilmu Manajemen dan Bisnis, 3(1). doi: 10.61132/manuhara.v3i1.1520.

Lisdayani Lisdayani; Fitria Mandaraira; Tio Devilishanti; Mardaleta Mardaleta; Afni Abdul Manan. Pengaruh Debt to Equity Ratio dan Debt to Asset Ratio Terhadap Return on Equity pada Sektor Perusahaan Asuransi di BEI Tahun 2018-2023. Jurnal Manuhara : Pusat Penelitian Ilmu Manajemen dan Bisnis. 2025;3(1).

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