This study attempts to examine the impact of working capital management (WCM) on profitability and examine the working capital conditions of several companies listed on the Indonesia Stock Exchange (IDX). The sample used is 135 listed firms and were selected from each sector, such as plantation, pharmaceutical, telecommunication, investment, retail, and the cement and metal industries from 2000 to 2019. The variables employed in this study are working capital investment strategy (WCIS), working capital financing strategy (WCFS), cash conversion cycle (CCC), days sales outstanding (DSO), days inventory outstanding (DIO), days payable outstanding (DPO), debt ratio (DR), size, age, and current ratio (CR). The ordinary least squares (OLS) was employed to analyze the data. The results revealed that the working capital investment approach has a positive and significant effect on return on assets (ROA) in all regression models used; the working capital financing approach has a negative effect on ROA but not significant; the working capital investment approach to the gross profit margin in all models shows a negative and significant coefficient; and the working capital financing approach shows a negative and significant sign for all capital used. Based on the type of industry, companies that use a lot of aggressive working capital investment approaches are the agriculture industry and the infrastructure, utility and transportation industries. Meanwhile, companies that mostly take a conservative working capital investment approach are the consumer goods industry, the basic chemical industry and the miscellaneous industry. Contribution/Originality: This study is one of very few studies that have investigated working capital management on profitability and also examines the working capital conditions of several companies on the Indonesia Stock Exchange (IDX) using considerable and diverse firms as the sample. tenure of current liabilities and choose the right kind of debt that matches the tenure of a firm's assets. Working capital is required for a firm to carry out its daily operations. Working capital is the overall value of a firm's current assets, which are also referred to as gross working capital, and consist of cash, receivables, inventory Asian Economic and Financial Review
This study examines the effect of inflation, interest rates and exchange rates on stocks in basic industrial sector and chemical manufacturing companies on the Indonesia Stock Exchange (BEI). The study period is 2013 to 2017. An ordinary least square (OLS) is employed. The results show that (1) There is a significant effect of inflation, interest rates and exchange rates on stocks. together with the Basic Industry and Chemical Sector Manufacturing companies on the Indonesia Stock Exchange (IDX); (2) There is a significant influence of inflation on shares in manufacturing companies in the Basic Industry and Chemical Sector on the Indonesia Stock Exchange (BEI); (3) There is no significant effect of interest rates on stocks in basic industrial sector and chemical manufacturing companies on the Indonesia Stock Exchange (BEI); (4) There is no significant effect of Exchange Rates on Shares in Basic Industry and Chemical Manufacturing companies on the Indonesia Stock Exchange (IDX).
This research’s purpose is to analyze the influence of firm size, asset structure and the profitability toward capital structure in automotive sector companies listed on the Indonesia stock exchange (BEI). The sample of this research used purposive sampling technique in line with criteria of automotive sector manufacturing company listed on BEI and publish the result of financial report and present the data completely including data from the variables in the research period (June 2012- July 2017), so it has 7 companies as the sample. To analyze the data, the researcher used multiple linear regression. The result of this research showed that there was no significant influence of firm size to capital structure. There was significant influence of asset structure to capital structure. There was no significant influence of profitability to capital structure. There was significant influence of firm size, asset structure and profitability toward capital structure.
The purpose of this study is to analyze the influence of Leadership Style, Motivation, and Work Discipline against Employee Performance in the Regional Secretariat of Ogan Komering Ulu Regency, South Sumatra.The research design is based on the study environment, the research is included in the field research design category. Researchers focus attention on phenomena in the field so that direct involvement of researchers is limited to observations as cross-information material obtained from the object. The research location was in the Regional Secretariat of Ogan Komering Ulu Regency, South Sumatra, with a total sample of 128 respondents. The analysis technique used: validity and reliability test, multiple linear regression analysis, hypothesis test (F test and t test). The results of the analysis state that there is a significant influence on Leadership Style, Motivation and Work Discipline together against employee performance. And partially significant influence of Leadership Style against Employee Performance. Meanwhile, Work Motivation and Discipline partially do not have significant effects against Employee Performance.
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