Publication Date: 2023/08/28
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
DOI: https://doi.org/10.5281/zenodo.8288423
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23AUG379.pdf
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