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IAIN Palangka Raya
Fakultas Ekonomi
About The Authors

Mohammad Iqbal orcid
IAIN Syekh Nurjati Cirebon
Indonesia

Aditya Achmad Rakim
IAIN Syekh Nurjati Cirebon
Indonesia

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Keywords Bank Interest De Dapoer - Rhadana Hotel Kuta Bali, Sertifikasi Halal, Muslim Consumers Earning Management, Ownership Structure, Debt Structure, Independent Commissioner. Financing Risk, Liquidity, Profitability, Capital Adequacy Halal Industry, Aceh Province, Strategy and Development, halal food, halal tourism Halal label, imported meat, food Indonesian Students Informasi Akuntansi, Bias Investor, Akrual Islamic Banks Kemudahan menggunakan Keywords: Implementasion, Halalan Thayyiban, Restaurant Wong Solo Liquidity (Current Ratio), Business Risk (BRISK), Asset Structure (Fixed Asset Ratio / FAR), and Capital Structure (Debt to Equity Ratio / DER). Mekanisme, Pasar, Islam Mitigation Risk Perception Persepsi Kegunaan Sharia business management, Sharia business ethics, Islamic Retail Store 212 Mart. Sikap Treatment niat pembayaran mobile
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Home > Vol 7, No 1 (2022) > Iqbal

Efisiensi Modal Kerja, Agresivitas Pendanaan Modal Kerja, Efisiensi Persediaan, dan Kinerja Operasi Perusahaan di Indonesia

Mohammad Iqbal, Aditya Achmad Rakim

Abstract


This study examines the relationship between working capital efficiency, aggressiveness of working capital funding, and inventory efficiency with the operating performance of companies in Indonesia. This study uses 132 annual financial report data from 2004 to 2016. The research model was tested with Seemingly Unrelated Regression (SUR) and estimated using Feasible Generalized Least Squares (FGLS). Based on the model test results, there is a correlation error term between the equation systems so that the use of SUR is correct. The results showed that the more efficient working capital the higher the operating performance of the company and the more aggressive working capital funding the higher the operating performance of the company. This research does not support inventory efficiency where the company holds high inventory to realize demand in the market.

Keywords


Working Capital Efficiency, Aggressiveness of Working Capital Funding, Inventory Efficiency, Operating Performance, Seemingly Unrelated Regression

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References


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DOI: https://doi.org/10.23971/jaq.v7i1.4509

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