SIKLUS KONVERSI KAS: ALTERNATIF RASIO LIKUIDITAS YANG LEBIH BAIK DALAM MEMPREDIKSI PROFITABILITAS

Muh Juan Suam Toro, Deny Dwi Hartomo

Abstract


The aim of this research are to investigate the effect of cash conversion cycle on firm profitability and to compare that effect to the effect of classic liquidity ratio on firm profitability. This research is also to investigate the effect of cash conversion cycle on firm firm profitability in different firm sizes and industries. The population of research object is companies listed on Indonesian Stock Exchange from 2006 to 2009. Sampling method used is purposive sampling. Samples consist of member of Manufacture industry represented by Plastic and Glass sub-industry and member of Service industry represented by Transportation Service sub-industry. The statistic tool used is multiple regression. The result shows that the cash conversion cycle has negative effect on firm profitability. There is no difference effect between different industry and firm size.


References


Adli, 2001, Asosiasi Sistem Kompensasi Insentif dan Motivasi Kerja Manajer Dengan Misi Strategik Bulid Sebagai Variabel Moderasi, Simposium Nasional Akuntansi IV.

Amstrong, J.S. 1986. The Value of Formal Planning For Strategic Decision: Replay. Strategic Management Journal 7(2) p 183-185.

Bettinger, 1986, Business Researc Methods, Fifth Edition Chicago: Richard D Irwin.

Bird,1991; Transformasional Leadership in the Contenxt of Organizationonal Change, Journal of Organization Change Management, Vol. 12 No. 2.pp 80-88.

Gordon dan Narayana, 1984. Management Accounting System, Perceived Environmental Uncertainty and Organization Structure; an empirical analysis. Journal Accounting, Analysis and Society.

Gup, B.E dan D.D Whitehead. 1989. Strategic Planning In Bank: Does It Pay?, Long Range Planning, 22, p 124-130.

Hopkins, 1991, Evaluation Ornecessary Combination, Production and Inventory Management Journal, second quarter, pp. 7 – 11.

Hopkins, W.E. And Hopkins S.A. 1997. Strategic Planning-Finansial Performance Relationship In Bank : A Causal Examination, Strategic Management Journal Pp. 635-652.

H. R. Armstrong and E. R. Whitehead, 1968. Field and analytical studies of transmission line shielding, IEEE Trans. Power App. Syst., vol. PAS-87, no. 1, pp. 270-281, Jan.

Martowijoyo, S. 2002. Dampak Pemberlakuan Sistem Bank Perkreditan Rakyat terhadap Kinerja Lembaga pedesaan. Journal Ekonomi Kerakyatan, Web-master @Ekonomi Kerakyatan.

Miller, R. dan Lessard, D. 2001a. The strategic management of large engineering projects: shaping risks, institutions and governance. Cambridge, MA, USA: MIT Press.

Miller, R. dan Lessard, D. 2001b. Understanding and managing risks in large engineering projects. International Journal of Project Management .19: 437-443.

Mitzberg, H. 1994. The Fall and Rise of Strategic Planning, Harvard Business Review, 72(1) p.107-114.

Prasad dan Eastman, 1984, Center for creatibe Leadership in an Age ol Layofts, Journal of Management Development, Vol. 14 No. 5. pp 27 – 38.

Indriantoro, N dan Supomo B,1999; Metodologi Penelitian Bisnis, BPFE yogyakarta.

Sim K. L. 1986. An Empirical Examination or successve increis evolving from comparative to competitive advantage, International Journal of technology Management,Vol. 14 Nos 21 – 34 pp. 309. 343.

Steiner, G.A. 1979. Strategic Planning, Free Press, New York.

Suwarsono, 1994, Manajemen Strategi, Yogyakarta, Akademi Manajemen Perusahaan, YKPN.

Thomson, A.,A., dan Strickland, A.J. 2001. Strategic Management, Concepts and Cases, 12th Edition, McGraw-Hill, Singapore


Refbacks

  • There are currently no refbacks.