Ratri, Lintang Suryaning and , Prof. Dr. Zulfikar, SE., M.Si (2025) Peran Kepemilikan Manajerial Sebagai Variabel Moderasi Pada Pengaruh Modal Kerja Terhadap Profitabilitas. Thesis thesis, Universitas Muhammadiyah Surakarta.
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Abstract
This study aims to analyze the effect of working capital components, namely cash turnover, receivables turnover, and inventory turnover, on profitability, as well as the role of managerial ownership as a moderating variable. The object of this research is Food and Beverage sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. The sample was selected using a purposive sampling method based on specific criteria, and after a filtering process and outlier removal, 89 valid data observations were obtained. The analytical method used in this research is multiple linear regression to test the direct effect of each independent variable on profitability, and moderated regression analysis (MRA) to test the moderating role of managerial ownership. Data analysis was conducted using SPSS software. The results show that receivables turnover has a significant effect on profitability, indicating that the more efficiently the company manages its receivables, the more it contributes to profit growth. In contrast, cash turnover and inventory turnover do not have a significant effect on profitability. This suggests that the management of cash and inventory may not directly impact profitability during the observation period. In the moderation test, managerial ownership is proven to strengthen the effect of cash turnover and receivables turnover on profitability, indicating that when managers hold ownership stakes, they tend to manage working capital more carefully to improve company performance. However, managerial ownership does not significantly affect the relationship between inventory turnover and profitability. This study concludes that effective working capital management, especially in receivables, along with the active role of managerial ownership, can enhance company profitability. These findings are expected to serve as a useful reference for company management, investors, and academics in understanding the dynamics between working capital, managerial ownership, and financial performance.
| Item Type: | Thesis (Thesis) |
|---|---|
| Uncontrolled Keywords: | working capital, managerial ownership, cash turnover, receivables turnover, inventory turnover, profitability, moderating variable. |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HF Commerce > Accounting H Social Sciences > HF Commerce > Accounting > Financial Report |
| Divisions: | Fakultas Ekonomi dan Bisnis > S1 Akuntansi |
| Depositing User: | LINTANG SURYANING RATRI |
| Date Deposited: | 22 Jul 2025 07:35 |
| Last Modified: | 22 Jul 2025 07:35 |
| URI: | http://eprints.ums.ac.id/id/eprint/136200 |
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