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Journal : Quantitative Economics and Management Studies

Analysis of Working Capital Management, Institutional Ownership, and Asset Efficiency on Profitability: Role of Capital Structure on the Infrastructure Sector in the Indonesian Stock Exchange Bogo Samudro, Galih; Mulyantini, Sri; Jubaedah, Jubaedah
Quantitative Economics and Management Studies Vol. 5 No. 6 (2024)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems2949

Abstract

This research examines the profitability of the sub-construction infrastructure sector within the building industry, as listed on the Indonesia Stock Exchange during the 2018-2022 period. The study aims to assess both the direct and indirect effects of working capital management, institutional ownership, and asset efficiency on profitability, with capital structure serving as an intervening variable. Utilizing panel data regression analysis, the research focused on a sample of seventeen companies from the building construction sub-sector listed on the Indonesia Stock Exchange over the specified period. The findings indicate that asset efficiency significantly influences profitability, whereas working capital management and institutional ownership do not. Additionally, capital structure is found to have no effect on profitability. Indirectly, neither working capital management nor institutional ownership, nor asset efficiency, when mediated by capital structure, show any impact on profitability.
Co-Authors Aditya Saputra Agung Yulianto Agus Maulana Aminul Fajri Anggara, Abdul Aji Kresna Tri Aniek Irawati Ardhiani Fadhila Ardhiani Fadhila Ardhiani Fadila Ardhiani Fadilla Arian Maulida Arrazy, Vahran Bayu Bayu Handono Bentar Kusdimanto Bogo Samudro, Galih Catur Nugrahaeni Puspita Dewi Darma, Kurnia Dewi Indriasih Dewi, Ratna Arista Dien Noviany Rahmatika Dinda Sekar Arum Elsa Nur Alivia Erna Hernawati Estrada Joseph Hasoloan Pasaribu Fadila, Ardhiani Farida Amalia, Farida Farizya, Abidara Wahyu Ferdy Audrian Wibisono Firda Melani Setiawan Franciskus Jumintang Gilang Ahmad Fauzan Hairunnisa, Yufi Indah Hananto, Bayu Haura Asqo Balqis Hendrayani, Yani Inan Safanah Astin Inke Larank Assya’if Irawatie, Aniek Jihan Zata Amani JUBAEDAH JUBAEDAH, JUBAEDAH Jubaedah Nawir Laili, Sasmita Nurvinda Lestari, Dea Delia Lidya Primta Surbakti Luthfi Kurniawan Maghfirah Nur Fadilah Maheswari Cahyarani Widyadana Marganda Saut Parulian Sihombing Maria Faustina Buntaro Marlina Marlina Marlina Matondang, Nurhafifah Muhammad Bintang Waluya Nadia Sri Wahyuni Nadila Zahra Ariqinanty Nanang Supriyatna Nathasya Indriwan Ni Putu Eka Widiastuti Nita Rosadiya Nugraha, Muhammad Resky Nur Khoirunnisa Nuril Astuti Nuryanti Nuryanti Oktasyadita, Nasywa Purwanto Widodo Putri, Haurelia Syahnifa Rahardika, Himawan Rangga Aribawa Razyka Imayda Retno Julia Rahayu Rida Anisa Permata Rimbawan, Teguh Rizkilianti Hardian Anggianni Rizky Safitri Rusdiana, Aura Ratu Sabrina Fitria Rahmadani Salim, Abdurrahim Sarika Sarika Satria, Edo Senja Nuansari Siti Hidayati Sufyati HS Sumilir, Sumilir Supriyanto Supriyanto Supriyanto Supriyanto Suwandi Suwandi Sylviana Susanty Tati Handayani, Tati Tri Siswantini Uljanatunnisa Uljanatunnisa Uljanatunnisa Wibawaningsih, Ekawati Jati Yani Hendrayani Yeni Ekowati YUDI NUR SUPRIADI