PENGARUH MANAJEMEN MODAL KERJA TERHADAP PROFITABILITAS PADA INDUSTRI PULP AND PAPER YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

The purpose this study was to determine the effect of working capital management to
profitability in industry pulp and paper listed in Indonesia Stock Exchange. Variables of
working capital indicated by working capital turnover and profitability was indicated by
Return on Investment (ROI).
The data used were taken from financial statements of each company obtained from
IDX which is located at Jenderal Sudirman street number 73 pekanbaru. The population in
this study is pulp and paper companies listed in Indonesia Stock Exchange. Method that was
used to pick the samples is purposive sampling and obtained a samples of 6 companies have
financial statements period 2008-2012, so that obtained of 30 observation.
The data analysis technique used is simple linear regression. SPSS 17 is the software
which was used to analysis the data in this research. The result of analysis indicate that
working capital turn over have no significant effect on Return on Investmen (ROI).
Keywords : Working Capital, Profitability, Working Capital Turn Over, ROI