文章基本信息

标题：Significant Impact of Working Capital and Macroeconomic Condition on Profitability in Property Industry
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作者：Achmad Rizki ; Lukytawati Anggraeni ; Arief Tri Hardiyanto 等
期刊名称：Jurnal Aplikasi Bisnis dan Manajemen
印刷版ISSN：2528-5149
电子版ISSN：2460-7819
出版年度：2019
卷号：5
期号：1
页码：121-121
DOI：10.17358/jabm.5.1.121
出版社：Bogor Agricultural University
摘要：Working capital management is important for managers to manage business operations smoothly and efficiently. This study investigates impact of working capital management and macroeconomic condition on profitability in Indonesian property industry. This study used data from the quarter financial report of 19 property firms listed in Indonesia Stock Exchange over the period 2011-2015 quarterly, while GDP, inflation, and interest rate data were obtained from Statistic Indonesia and Bank of Indonesia. The data were analyzed using panel data regression analysis. This study found that accelerating Cash Conversion Cycle (CCC) and being more aggressive in working capital policy would improve profitability. Furthermore, the result showed that macroeconomic condition, firm size, sales growth, and capital structure have significant effects on the profitability.
关键词：keuangan perusahaan; modal kerja; makroekonomi; profitabilitas; properti