Pengaruh modal kerja terhadap profitabilitas perusahaan yang terdaftar di PEFINDO25 SME

DETAIL KOLEKSI

Pengaruh modal kerja terhadap profitabilitas perusahaan yang terdaftar di PEFINDO25 SME

Oleh : Hans Kristian

Info Katalog

Nomor Panggil : 2016_TA_MJ_022122029

Penerbit : FEB - Usakti

Kota Terbit : Jakarta

Tahun Terbit : 2016

Pembimbing 1 : Maria C Widiastuti

Subyek : Working capital management;Financial management

Kata Kunci : working capital, Small and Medium Enterprises (SME), profitability, and Cash Conversion Cycle.

Status Posting : Published

Status : Lengkap

File Repositori

No.	Nama File	Hal.
1.	2016_TA_MJ_022122029_Halaman-Judul.pdf
2.	2016_TA_MJ_022122029_Bab-1.pdf	8
3.	2016_TA_MJ_022122029_Bab-2.pdf	13
4.	2016_TA_MJ_022122029_Bab-3.pdf	12
5.	2016_TA_MJ_022122029_Bab-4.pdf
6.	2016_TA_MJ_022122029_Bab-5.pdf
7.	2016_TA_MJ_022122029_Daftar-Pustaka.pdf
8.	2016_TA_MJ_022122029_Lampiran.pdf	18

Abstrak
Abstract

P Penelitian ini bertujuan untuk mengetahui pengaruh modal kerja yang diukur dengan menggunakan cash conversion cycle (CCC) sebagai variabel independen terhadap profitabilitas perusahaan yang diukur dengan menggunakan return on total assets (ROA) sebagai variabel dependen. Dan menggunakan variabel kontrol yang terdiri dari company age (COAGE), company size (COSIZE), financial leverage (LEV), assets tangibility (ATAN), liquidity ratio (LIQ), dan short-term financing (SFIN) pada perusahaan usaha kecil dan menengah (UKM) yang terdaftar di Pefindo25 SME Index serta laporan keuangannya tercatat di Bursa Efek Indonesia (BEI). Sampel yang digunakan sebanyak 15 perusahaan selama 5 tahun dari tahun 2011 sampai 2015. Metode yang digunakan dalam penelitian ini adalah analisis regresi data panel. Hasil penelitian menunjukkan bahwa terdapat pengaruh positif antara company size (COSIZE) terhadap return on total assets (ROA) dan terdapat pengaruh negatif antara assets tangibility (ATAN), liquidity ratio (LIQ) dan short-term financing (SFIN) terhadap return on total assets (ROA). Selain itu hasil penelitian cash conversion cycle (CCC), company age (COAGE), dan financial leverage (LEV) ditemukan tidak terdapat pengaruh terhadap return on total assets (ROA). Implikasi bagi manager ataupun pemilik perusahaan untuk dapat meningkatkan return on total assets (ROA), manajer perlu memperhatikan company size (COSIZE), assets tangibility (ATAN), liquidity ratio (LIQ), dan short-term financing (SFIN).

T This study aims to determine the effect of working capital, measured by cash conversion cycle (CCC) as the independent variable on the company's profitability, measured by return on total assets (ROA) as the dependent variable. And control variable that consists of company age (COAGE), company size (COSIZE), financial leverage (LEV), assets tangibility (ATAN), liquidity ratio (LIQ), and short-term financing (SFIN) on small and medium enterprises (SMEs) registered in Pefindo25 SME Index as well as its financial statements listed in the Indonesia Stock Exchange (BEI). The sample used by 15 companies during the 5 years from 2011 to 2015. The method used in this research is the analysis of panel data regression. The results show that there are positive influence between company size (COSIZE) against the return on total assets (ROA) and there is a negative influence between assets tangibility (ATAN), liquidity ratio (LIQ) and short-term financing (SFIN) against the return on total assets (ROA). In addition the research cash conversion cycle (CCC), company age (COAGE), and financia leverage (LEV) found no effect on the return on total assets (ROA). Implications for the manager or owner of the company to be able to increase the return on total assets (ROA), managers need to pay attention to company size (COSIZE), assets tangibility (ATAN), liquidity ratio (LIQ), and short-term financing (SFIN).