Determinants Of Efficiency At Pt Perusahaan Listrik Negara (Persero) In 2019-2023 Using Two Stage Data Envelopment Analysis (Dea) Model

Abstract

Operational efficiency is a major challenge for PT PLN (Persero) in ensuring resource optimization amidst the dynamics of the energy industry. This study used descriptive verification with a population of PT PLN (Persero) financial reports and a purposive sampling technique that includes PT PLN (Persero) financial reports from 2019 semester 1 to 2023 semester 2. This study aimed to analyze the development of Return on Assets (ROA), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO), and measure the level of efficiency of PT PLN (Persero) in the period 2019-2023. In addition, this study examined the effect of ROA, DER, and TATO on company efficiency partially and simultaneously. The method used was Data Envelopment Analysis (DEA) for the first stage and Multivariate Tobit Regression Analysis for the second stage.