Analysis of The Influence of Liquidity on Investment on Investment: Comparison of Petrosea Data 2022-2023

Authors

  • Salsabilah Al Fitri Universitas Trunojoyo Madura
  • Riska Nur Fauziyah Universitas Trunojoyo Madura
  • Alfi Manzilatur Rohmah Universitas Trunojoyo Madura
  • Muhammad Alkirom Wildan Universitas Trunojoyo Madura

DOI:

https://doi.org/10.56910/literacy.v4i1.2158

Keywords:

Investment, Liquidity, PT Petrosea Tbk

Abstract

This study aims to examine the influence of liquidity on investment at PT Petrosea Tbk during the period of 2022-2023. Liquidity is measured using the current ratio, quick ratio, and cash ratio, which reflects the company's ability to meet short-term obligations as well as support investment activities. The research data were obtained from the company's annual financial reports and relevant market information. A quantitative method was employed to analyze the relationship between liquidity and investment levels, while also considering other variables such as profitability and company size. The results indicate that liquidity has a positive and significant effect on investment. Improved liquidity encourages the growth of the company's investments, which ultimately contributes to business development. These findings highlight the importance of effective liquidity management as a strategic approach to supporting sustainable investment and provide recommendations for management in formulating optimal investment policies.

 

 

References

Airout, R. M., Alawaqleh, Q. A., Almasria, N. A., Alduais, F., & Alawaqleh, S. Q. (2023). The moderating role of liquidity in the relationship between the expenditures and financial performance of SMEs: Evidence from Jordan. Economies, 11(4). https://doi.org/10.3390/economies11040121

AvrilliaNomPhone, S., Nur, D., Subakti, B., & Wildan, M. A. (2025). Financial report ratio analysis to assess the performance of PT. Food in Indo. Journal of Accounting and Management Research, 14(1), 103–116. Retrieved from www.onlinedoctranslator.com

Brigham. (2011). Signal theory: The effect of financial ratios on investment decisions.

Chang, L., Gan, X., & Mohsin, M. (2022). Studying corporate liquidity and regulatory responses for economic recovery in COVID-19 crises. Economic Analysis and Policy, 76, 211–225. https://doi.org/10.1016/j.eap.2022.07.004

Chireka, T., & Fakoya, M. B. (2017). The determinants of corporate cash holdings levels: Evidence from selected South African retail firms. Investment Management and Financial Innovations, 14(2), 79–93. https://doi.org/10.21511/imfi.14(2).2017.08

Dewi, P. E. (2016). The effect of liquidity ratio, profitability, solvency, activity and market valuation on stock returns. Scientific Journal of Accounting, 1(Desember).

Fernandez-Perez, A., Gómez-Puig, M., & Sosvilla-Rivero, S. (2025). Examining the transmission of credit and liquidity risks: A network analysis for EMU sovereign debt markets. North American Journal of Economics and Finance, 77. https://doi.org/10.1016/j.najef.2025.102407

Gao, Y., Zhou, Y., & Zhao, W. (2025). Liquidity spillover and investment strategy construction among Chinese green financial markets. International Review of Economics and Finance, 98. https://doi.org/10.1016/j.iref.2025.103843

Jody, S. (2023). Liquidity, solvency, and macroeconomics analysis on investment decisions (Empirical study on manufacturing companies in the pharmacy sub-sector listed on the Indonesia Stock Exchange in the period 2019–2021). [Journal name not provided], 13.

Juana, V. E., & Jonnardi. (2023). The effect of profitability, liquidity, leverage, and company size on company value. Multiparadigma Accounting Journal.

Muchenje, L. T. (2025). Stock liquidity and corporate climate performance: Evidence from China. Journal of Financial Stability, 77. https://doi.org/10.1016/j.jfs.2025.101389

Purbe, L. M. (2018, September). Money market analysis in Mundell-Fleming model in Indonesian economy (2010–2017).

Putri, H. P., Suryantari, E. P., Artaningrum, R. G., Program Studi Akuntansi, & Universitas Dhyana Pura. (2024). The effect of activity ratio, liquidity, and profitability on investment decisions in state-owned enterprises (BUMN). Jurnal Akuntansi dan Administrasi Bisnis, 3(2). Retrieved from https://jurnal.undhirabali.ac.id/index.php/jakadara/index

Rajagukguk, R., et al. (2019). The effect of liquidity on corporate investment. Jurnal Manajemen dan Keuangan. Retrieved March 30, 2025, from https://ejournal.upnvj.ac.id/index.php/JMK/article/view/123

Reports, M., Company, P., Company, T., Answer, T., & Environment, S. (n.d.). Introduction performance overview management report management analysis & discussion business support. [Incomplete citation – please provide journal or publication name]

Rustan, D. M. (2022). Interaction between profitability, liquidity and activity in investment decisions, 7.

Suhari, & Sumani, C. (n.d.). Analysis of the effect of systematic risk and liquidity on stock return level in non-financial companies LQ-45 period 2007–2009.

Sumani, S., & Sumani, S. C. (2021). Liquidity and systematic risk: A study on non-financial companies in the LQ-45 index. Indonesian Journal of Economics and Business. Retrieved March 30, 2025, from https://journal.uii.ac.id/JEBI/article/view/45

Downloads

Published

2025-04-30

How to Cite

Salsabilah Al Fitri, Riska Nur Fauziyah, Alfi Manzilatur Rohmah, & Muhammad Alkirom Wildan. (2025). Analysis of The Influence of Liquidity on Investment on Investment: Comparison of Petrosea Data 2022-2023. LITERACY : International Scientific Journals of Social, Education, Humanities, 4(1), 301–308. https://doi.org/10.56910/literacy.v4i1.2158

Similar Articles

You may also start an advanced similarity search for this article.

Most read articles by the same author(s)