文章基本信息

标题：EFFICIENCY OF USING ASSET AND FINANCIAL PERFORMANCE: THE CASE OF INDONESIA MANUFAKCTURING COMPANIES
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作者：Miswanto Miswanto ; Diczon Stevanus Oematan
期刊名称：MIX: Jurnal Ilmiah Manajemen
印刷版ISSN：2088-1231
电子版ISSN：2460-5328
出版年度：2020
卷号：10
期号：2
DOI：10.22441/mix.2020.v10i2.003
语种：English
出版社：Universitas Mercu Buana
摘要：This study analyzes the impact of asset use efficiency on financial performance and the impact of financial performance on shareholders' wealth. By using a research sample of manufacturing firms listed on the Indonesia Stock Exchange (IDX), the purpose of this study is to test whether: 1) the efficiency of using asset has a positive impact on financial performance and 2) financial performance has a positive impact on the welfare of shareholders. The analytical method uses SEM (Structural Equation Model) –(PLS (Partial Least Square) using WarpPLS 5.0. The asset efficiency variable is measured by activity ratios and the shareholder wealth variable is measured by stock return and firm value. The analytical techniques that used are outer model and inner model analysis. The variables of asset efficiency and shareholder wealth are measured variables and the financial performance variable is latent variable. The proceeds of his study state that the activity ratio: 1) working capital turnover (WCT), receivable turnover RCT), inventory turnover (INT), total asset turnover (TAT) have a positive impact on financial performance, and 2) cycle of cash conversion (CCC) has a negative impact on financial performance. The results of this study also states that financial performance positive impact on stock return and firm value. Thus, this study finds that the efficiency of using asset has a positive impact on financial performance, and performance of financial has a positive impact on stockholder wealth.
其他摘要：Studi ini menganalisis dampak efisiensi penggunaan aset pada kinerja keuangan dan dampak kinerja keuangan pada kekayaan pemegang saham. Dengan menggunakan sampel penelitian perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI), tujuan dari pe
关键词：Activity ratio;cash conversion cycle;stock return;firm value;financial performance;and shareholder wealth
其他关键词：Rasio aktivitas;siklus konversi tunai;return saham;nilai perusahaan;kinerja keuangan;dan kekayaan pemegang saham