PENGARUH MODAL KERJA, KEPEMILIKAN INSTITUSIONAL, DAN PERPUTARAN PIUTANG TERHADAP PROFITABILITAS

Abstract

This research aimed to examine and analyze the effect of working capital, institutional ownership, and receivable turnover on the profitability of cement companies which were listed on Indonesia stock exchange for 5 years (2014-2015). While, working capital was referred to working capital turnover, institutional ownership was reffered to ownership structure and recivable turnover, and profitability was reffered to Return On Asset (ROA). More over, the research was quantitative. Further mor, the data collection technique used saturated sampling. In line with, the sample was all cement companies which were listed on Indonesia stock exchange. According to data analysis technique, it used multiple linear regression, classical assumption test, f test, and t test with SPSS 25. In addition, the research result concluded working capital which was referred to working capital turnover had significant effect on the profitability. Likewise, receivable turnover had significant effect on the profitability. On the other hand, institutional ownership which was refereed to ownership structure had insignificant effect on the profitability.
Keywords: receivable turnover, working capital turnover, ownership structure, institutional ownership, return on asset.