Authors :
Eka Sutami; Bambang Santoso Marsoem
Volume/Issue :
Volume 8 - 2023, Issue 8 - August
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://tinyurl.com/3jbufab2
DOI :
https://doi.org/10.5281/zenodo.8288423
Abstract :
Financial performance is essential to be
measured for Health Public Service Agency (Health
PSA) units to portray the condition of both hospitals and
major health centers. This study aims to analyze the
influence of current ratio, debt to asset ratio, fixed asset
turnover, total asset, realization of Non-Tax State
Revenue (PNBP), realization of Other Government
Revenue (POBO), and the level of PSA's self-reliance on
financial performance, with the realization of capital
expenditure as a moderating variable. The research
employs a quantitative approach with a population of 40
Health Public Service Agency (Health PSA) units
observed from the year 2018 to 2021. The study's sample
consists of 31 hospitals and major health centers under
Health PSA. The analysis method uses moderated
regression analysis (MRA). The research findings
conclude that the realization of PNBP and POBO has a
positive and significant effect on financial performance,
while the current ratio, debt to asset ratio, fixed asset
turnover, and total asset do not significantly affect
financial performance. It is found that the realization of
capital expenditure acts as a moderator and strengthens
the influence of PNBP and POBO realization on the
financial performance of Health PSA. However, the
realization of capital expenditure does not moderate the
effect of current ratio, debt to asset ratio, fixed asset
turnover, and total asset on the financial performance of
Health PSA units.
Keywords :
Liquidity, Solvency, Activity, Firm Size, Effectiveness Level, Level of Autonomy, Capital Expenditure Realization, Financial Performance
Financial performance is essential to be
measured for Health Public Service Agency (Health
PSA) units to portray the condition of both hospitals and
major health centers. This study aims to analyze the
influence of current ratio, debt to asset ratio, fixed asset
turnover, total asset, realization of Non-Tax State
Revenue (PNBP), realization of Other Government
Revenue (POBO), and the level of PSA's self-reliance on
financial performance, with the realization of capital
expenditure as a moderating variable. The research
employs a quantitative approach with a population of 40
Health Public Service Agency (Health PSA) units
observed from the year 2018 to 2021. The study's sample
consists of 31 hospitals and major health centers under
Health PSA. The analysis method uses moderated
regression analysis (MRA). The research findings
conclude that the realization of PNBP and POBO has a
positive and significant effect on financial performance,
while the current ratio, debt to asset ratio, fixed asset
turnover, and total asset do not significantly affect
financial performance. It is found that the realization of
capital expenditure acts as a moderator and strengthens
the influence of PNBP and POBO realization on the
financial performance of Health PSA. However, the
realization of capital expenditure does not moderate the
effect of current ratio, debt to asset ratio, fixed asset
turnover, and total asset on the financial performance of
Health PSA units.
Keywords :
Liquidity, Solvency, Activity, Firm Size, Effectiveness Level, Level of Autonomy, Capital Expenditure Realization, Financial Performance
