Manajemen Modal Kerja dan Kinerja Perusahaan Pada Perusahaan Perdagangan Eceran di Indonesia

Abstract

Working capital management is the management of current assets and current liabilities. The purpose of working capital management is to manage current assets and current liabilities in order to obtain a decent working capital and ensure the level of corporate liquidity. This study purpose to examine the effect of working capital management proxy with working capital turnover, cash turnover, inventory turnover, receivable turnover to coorporate performance. The data used are secondary data in the form of financial statements of retail trade companies listed in Indonesia Stock Exchange (IDX) period 2012-2016. Sampling method using purposive sampling technique. The analysis tool used is simple linear regression analysis and partial test (t statistic test). The results of the study found that working capital turnover had a significant positive effect on the performance of the company. The cash turnover has a positive and insignificant effect on the performace of the company. The inventory turnover has a significant positive effect on the performance of the company. The receivable turnover has a significant positive effect on the performance of the company. Subsequent research is expected to add proxies as well as other independent variables that are suspected to have an effect on the performance of the company and expand the corporate sector so that the results of the research not only have implications for the retail trade sectors but also have implications for other companies in different sectors and take into account the size of the company and see Its influence on the results of further research.