PENGARUH AKTIVITAS, PROFITABILITAS, SOLVABILITAS TERHADAP MODAL KERJA PADA PERUSAHAAN OTOMOTIF DAN KOMPONEN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Working capital is one element that is very important asset in the company, because without the working capital companies can not meet the needs funds to run its activities. The purpose of this research was to determine the effect of activity (working capital turnover), profitability (return on investment), solvability (debt to equity ratio) toward working capital on Automotive and Components companies listed in Indonesia Stock Exchange. In this research object is an Automotive and Components companies that listed in Indonesia Stock Exchange in 2010-2013. The method of analysis used in this research regression and the classical assumption of normality test, multicolinearity test, heteroscedasticity test, autocorrelation test and test the hypothesis is F test and T test were processed through Eviews program. Based on the result of hypothesis testing found that activity (working capital turnover) significant positive effect on the working capital to Automotive and Components companies, profitability (return on investment) significant negative effect on the working capital to Automotive and Components companies, solvability (debt to equity ratio) does not significant effect on the working capital to Automotive and Components companies.
Keywords : Activity (working capital turnover), profitability (return on investment), solvability (debt to equity ratio), and working capital