PENGARUH FIRM SIZE, MANAJEMEN MODAL KERJA, DAN MEKANISME GCG TERHADAP PROFITABILITAS

Abstract

Profitability can reflect the success and survival of the company. Profitability of the company has increased and decreased time after time because there are some factors that been influenced. This research was conducted to test the influence of the FirmSize, Working Capital Management, and Good Corporate Governance Mechanism on Profitability. The Good Corporate Governance Mechanism is proxied with independent board of commissioners, institutional ownership, and audit committees.This research uses purposive sampling method, which is by selecting the sample based on certain criteria. Based on the sample selection method, got 10 samples of property and real estate companies which listed in Indonesia Stock Exchange (IDX) in 2012-2016. This research data is obtained from secondary data in the form of financial report and annual report. The research method used in this research is using quantitative method. Data analysis techniques used are the classical assumption test and multiple linear regression. Model feasibility test using F test shows that firm size, working capital management, and good corporate governance mechanism have significant influence on profitability. Hypothesis test using t test shows that firm size, working capital management, and audit committee have insignificant and negative influence to profitability. Independent board of commissioners and institutional ownership have a significant and positive influence on profitability.
Keywords: firm size, working capital management, good corporate governance mechanism and profitability.