PENGARUH WORKING CAPITAL MANAGEMENT & POLICIES DAN FINANCIAL LEVERAGE TERHADAP PROFITABILITAS

Main Article Content

Sheren Virelia Djingga
Agustin Ekadjaja

Abstract


The purpose of this study is to aims about the effects of working capital management and policies and financial leverage on profitability non-cylical consumer goods manufacturing companies listed on the Indonesia Stock Exchange in the period of 2019-2021. This research used 43 samples and 129 data from manufacturing companies selected by purposive sampling method with multiple regression analysis as its processing techniques. Data were input and calculated by Microsoft Excel program and processed by Eviews 12 program. The results of this study show that working capital management and policies has a significant negative effect on profitability and financial leverage has no effect on profitability.The implication of this research is the need to increase the attention for factors that improve performance, effectiveness, and efficiency related to policies, operating activities, and decisions in the future which can be a positive impact for company’s performance.


Article Details

Section
Articles

References

Anggarsari, L., & Aji, S.T. (2018). Pengaruh Ukuran Perusahaan, Leverage, Perputaran Modal Kerja dan Pertumbuhan Penjualan Terhadap Profitabilitas. Jurnal Ilmu Manajemen, 6(4), 542-549.

Ayuningtyas, S.G., & Prasetiono. (2021). Pengaruh Working Capital Management Terhadap Profitabilitas dengan Firm Size Sebagai Variabel Moderasi dan Leverage, Current Ratio, serta Sales Growth Sebagai Variabel Kontrol. Diponegoro Journal of Management, 10(3), 3.

Brigham, E.F., & Houston, J.F. (2014). Fundamental of Financial Management: Dasar-dasar Manajemen Keuangan. Jakarta: Salemba Empat.

Carolina, M. (2017). Peranan Sektor Industri Manufaktur dalam Pembangunan Ekonomi Indonesia. Buletin APBN Pusat Kajian Anggaran Badan Keahlian DPR RI, 12(2), 8.

Dalci, I., Tanova, C., Ozyapici, H., dkk. (2019). The Moderating Impact of Firm Size on The Relationship Between Working Capital Management and Profitability. Prague Economic Papers, 28(3), 296-312.

Horne, J.C.V., & Wachowicz, M.J. (2012). Principles of Managerial Finance 13th Edition. Global Edition: Pearson Education Limited.

Kawakibi, A.A., Sumiati, & Hadiwidjojo, D. (2019). The Effect of Working Capital Management on Company Profits and Values. International Journal of Business, Economics, and Law, 20(5), 30-37.

Kinata, E.J. (2016). The Effect of Market Volatility and Firm Size Towards the Difference of Market Reaction Around Stock-Split Announcement in Indonesia Stock Exchange. Journal of Administrative and Business Studies. 2(6), 304-313.

Kouser, R.B.T., Azeem, M., & Hassan, M.U. (2012). Inter-Relationship Between Profitability, Growth, and Size. Pakistan: Bahauddin Zakariya.

Munawir, S. (2012). Analisis Laporan Keuangan. Yogyakarta: Liberty.

Pestonji, C., & Wichitsathian, S. (2019). The Impacts of Working Capital Policy on Firm’s Performances. International Symposia in Economic Theory and Econometrics, 26(1), 39-50.

Pitaloka, K.G.Z., Rahayu, M., & Emarawati, J.A. (2020). Inventory Turnover dan Sales Growth Terhadap Profitabilitas. Jurnal IKRAITH Ekonomika, 1(5), 212-221.

Rahman, M.M., Saima, N.F., & Jahan, K. (2020). The Impact of Financial Leverage on Firm’s Profitability. Jorunal of Business, Economics, and Environmental Studies. 10(2), 23-31.

Sabila, M. (2016). Pengaruh Inventory Turnover, Growth, Size, dan Leverage Terhadap Profitabilitas. Jurnal Ekonomi dan Bisnis Universitas Muhammadiyah, 1-25.

Salah, W., & Elewa, M. (2018). The Effect of Firm’s Size and Leverage on Profitability: A Panel Data Approach. Journal of Applied Economic Science Volume XIII, 6(60), 1723-1732.

Similar Articles

<< < 10 11 12 13 14 15 16 17 18 19 > >> 

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