The Effect of Capital Structure and Internal Audit Function Effectiveness on Company Financial Performance (Study on Banking Sector Companies Listed on the Indonesia Stock Exchange for the 2022-2024 Period)
Keywords:
Capital Structure, Internal Audit Effectiveness, Financial Performance
Abstract
This study seeks to thoroughly investigate the influence of capital structure and the effectiveness of internal audit functions on the financial performance of banking sector companies listed on the Indonesia Stock Exchange during the period from 2022 to 2024. In this research, capital structure is quantified using the Debt-to-Equity Ratio (DER), while the effectiveness of internal audits is evaluated through disclosures outlined in specific sections of POJK No. 1/POJK.03/2019. Financial performance, serving as the key outcome variable, is measured by Return on Assets (ROA). The methodology adopts a quantitative research design, incorporating purposive sampling from 46 companies across a three-year span, resulting in a total of 138 observations. Multiple linear regression analysis is applied to examine the relationships. The findings demonstrate that capital structure exerts a significant negative impact on both the effectiveness of internal auditing and overall financial performance.
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References
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Yuslifan, R. R. (2025). Pengaruh Audit Internal Terhadap Kinerja Perusahaan Perbankan. https://doi.org/10.31604/jips.v12i9.2025
Ahmad Qadri, Dr. F. (2025). Impact of Internal Audit on the Financial Performance: A Study of Banking Sector in Saudi Arabia. Asian Journal of Applied Science and Technology, 09(01), 29–39. https://doi.org/10.38177/ajast.2025.9104
Andri, & Rahman, N. A. (2024). Pengaruh Struktur Modal terhadap Kinerja Keuangan Perusahan di Sektor Manufaktur.
Ardianti, D., Ramadhan, R., Akuntansi, P., Tinggi Ilmu Ekonomi Yapis, S., & Kunci, K. (2025). Optimalisasi Kinerja Keuangan: Dampak Struktur Modal dan Keputusan Investasi terhadap Profitabilitas Perusahaan Manufaktur. Issues, 8.
Asika, R., & Bonaventure, C. (2020). EFFECT OF INTERNAL AUDIT FUNCTION ON FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN NIGERIA. | Www.Ijaar.Org Journal International Journal of Advanced Academic Research (Social and Management Sciences) | ISSN, 6(7), 2488–9849. https://doi.org/10.46654/ij.24889849
Aulia, A. I. (2025). Analisis Hubungan Kelembagaan Anatara Bank Sentral, Pemerintah, dan Perbankan dalam Stabilitas Keuangan Indonesia.
Cahya, M., & Willy, N. (2024). Pengaruh Rasio Keuangan terhadap Kinerja Keuangan Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia Sapari Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya.
Christina, Ariesa, Y., Cia, G., Aruan, N. S., & Fahlevi, M. (2025). Pengaruh CAR, DER, dan DAR terhadap ROA pada Perusahaan Perbankan yang Terdaftar di BEI Periode 2019–2023. Jurnal Manajemen Stratejik Dan Simulasi Bisnis, 6(1), 15–29. https://doi.org/10.25077/mssb.6.1.15-29.2025
Dianty, A., & Siregar, J. K. (2024). In Search Pengaruh Intellectual capital dan Struktur Modal Terhadap Return On Asset.
Hidayat, W. (2022). Buku referensi struktur modal (capital structure).
Husain, N., Malaka, F., & Kamumu, W. (2024). ANALISIS FUNGSI DAN EFEKTIVITAS AUDIT INTERNAL PADA RUANG LINGKUP PERUSAHAAN. https://e-journal.iaingorontalo.ac.id/index.php/akasyah
Khairunnisa, U., Yazid, H., & Ismawati, I. (2022). The Influence of Internal Audit, Capital Structure, Independent Board of Commissioners and Institutional Ownership on the Financial Performance of Banking Sector Companies Listed on the IDX for the 2018-2020 Period. Journal of Applied Business, Taxation and Economics Research, 1(6), 577–593. https://doi.org/10.54408/jabter.v1i6.105
Mita Ndruru, F., & Permatasari, A. (2024). Pengaruh Struktur Modal, Harga Saham, dan Intellectual Capital terhadap Kinerja Keuangan pada Sektor Industri Barang Konsumsi yang Terdaftar di BEI. 10(3).
Nini, Patrisia, D., & Nurofik, A. (2020). The Effect of Capital Structure on Company Financial Performance. https://journal.uny.ac.id/index.php/economia
Nuswandari, I., Wibowo, E., & Maidarti, T. (2023). Faktor-Faktor yang Berpengaruh terhadap Struktur Modal Perusahaan Otomotif yang Telah Terdaftar di Bursa Efek Indonesia. Derivatif : Jurnal Manajemen, 17(1).
Panda, B., & Leepsa, N. M. (2017). Agency theory: Review of theory and evidence on problems and perspectives. Indian Journal of Corporate Governance, 10(1), 74–95. https://doi.org/10.1177/0974686217701467
Prasetya Gunandi. (2025). Analysis Commentaries.
Rachman, K. W. (2025). Pengaruh Ukuran Perusahaan, Debt to Equity Ratio (DER), dan Return on Asset (ROA) terhadap Price Earning Ratio (PER) pada Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2022–2024.
Rizka Ardillah, & Riska Ayu Setiawati. (2025). Pengaruh Struktur Modal dan Good Corporate Governance (GCG) terhadap Kinerja Keuangan Perusahaan (Studi pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2022–2024). Jurnal Ilmiah Manajemen Dan Akuntansi, 3(1), 103–113. https://doi.org/10.69714/pkdw7z42
Septiarni, I., & Widiasmara, A. (2021). PENGARUH UKURAN PERUSAHAAN DAN STRUKTUR MODAL TERHADAP KINERJA KEUANGAN DENGAN KEPEMILIKAN MANAJERIAL SEBAGAI VARIABEL MODERASI (Studi Kasus Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2016-2020).
Siddik, M. N. A., Kabiraj, S., & Joghee, S. (2017). Impacts of capital structure on performance of banks in a developing economy: Evidence from bangladesh. International Journal of Financial Studies, 5(2). https://doi.org/10.3390/ijfs5020013
Sri Rahayuningsih, Cornellius Nathanael Hartanto, Ratna Sefitriya, & Herlina Manurung. (2023). Pengaruh Audit Internal Terhadap Kinerja Perusahaan Perbankan. Jurnal Mutiara Ilmu Akuntansi, 2(2), 11–18. https://doi.org/10.55606/jumia.v2i2.2436
Sugiyono. (2023). Metode Penelitian Kuantitatif, Kualitatif, dan R&D.
Wawo, A. (2024). Pengaruh Good Corporate Governance, Ukuran Perusahaan, dan Financial Distress terhadap Manajemen Laba pada BUMN di Indonesia (Vol. 4, Number 4).
Yuslifan, R. R. (2025). Pengaruh Audit Internal Terhadap Kinerja Perusahaan Perbankan. https://doi.org/10.31604/jips.v12i9.2025
Published
2026-08-16
How to Cite
Rahayu, H., Zaputra, A. R. R., & Marlina, M. (2026). The Effect of Capital Structure and Internal Audit Function Effectiveness on Company Financial Performance (Study on Banking Sector Companies Listed on the Indonesia Stock Exchange for the 2022-2024 Period). Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 9(2), 17667-17680. https://doi.org/10.31538/iijse.v9i2.10146
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Articles
Copyright (c) 2026 Henni Rahayu, Ali Rahman Reza Zaputra, Marlina Marlina
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