PENGARUH PERPUTARAN MODAL KERJA TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI

Aprelliya Tri Hardiana, Anggita Langgeng Wijaya, Nik Amah

Abstract


This study aims to examine the effect of working capital turnover on firm value with profitability as a moderating variable. The population of this study are mining companies registered in the Indonesia Stock Exchange (BEI) for the 2013-2017 period. This type of research is quantitative. The method of determining the sample is done by using purposive sampling method with the help of IBM SPSS Statistics Version 22. Based on the determined criteria, the total sample is 14 companies for 5 years. The results showed that (1) Working capital turnover had no effect on firm value (PBV); (2) The interaction between working capital turnover with profitability has no effect on firm value. It can be cloncluded that the profitability variable is not able to moderate the working capital turnover to the value of the company.
Keywords: Working Capital Turnover, Company Value and Profitability.

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