Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas

Abstract

This study aimed to examine the effect of working capital management on profitability of the financial sector companies listed on Indonesian Stock Exchange in 2008-2016. Population in this study is financial sector companies listed on Indonesian Stock Exchange in 2008-2016. The total company obtained for 39 companies that become the sample in this research. The effects of independent variables such as the accounts receivable period, accounts payable period and the company's cash conversion cycle on return on assets are examined by panel data analysis methods. The results of this study show that account receivable period have negative significant relationship with profitability. Account payable period and cash conversion cycle no have significant relationship with profitability. Future research should use other independent variables that may affect the profitability of the company, in addition to measuring company profitability can also be proxied with other ratios.