LOCATION, WORKING CAPITAL, CORPORATE GOVERNANCE, AND PROFITABILITY: THE CASE OF INDONESIAN MANUFACTURING FIRMS

被引：1
|
作者：
Pangestuti, Irene Rini Demi [1 ]
Pridarsanti, Komang Yuli [1 ]
Robiyanto, Robiyanto [2 ]
机构：
[1] Univ Diponegoro, Semarang, Indonesia
[2] Satya Wacana Christian Univ, Salatiga, Indonesia
来源：
INTERNATIONAL JOURNAL OF BUSINESS AND SOCIETY | 2021年 / 22卷 / 02期
关键词：
Location; Working Capital; Corporate Governance; Profitability; Indonesian Manufacturing Firms; PERFORMANCE;
D O I：
10.33736/ijbs.3765.2021
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study scrutinizes the effect of location, working capital and corporate governance toward return on assets (ROA) in Indonesian manufacturing firms. 61 manufacturing firms listed on the Indonesia Stock Exchange were taken as samples in this study. The results show that location does not affect manufacturing firms' profitability. Furthermore, this study proves that working capital management, as measured by current ratio (CR) and quick ratio (QR), has a positive and significant influence on return on assets (ROA), but cash ratio (CR) and the cash conversion cycle does not have a significant influence on return on assets (ROA). This study also found that the Good Corporate Governance Index (GCGI) has a positive and significant influence on return on assets (ROA) in Indonesian manufacturing firms.
引用
收藏
页码：881 / 900
页数：20
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