Article Per Year (5 Year)
p-Index From 2019 - 2024
0.444
P-Index
This Author published in this journals
All Journal Journal of Economics, Business, & Accountancy Ventura Journal of Indonesian Applied Economics Integritas: Jurnal Antikorupsi Jurnal Ilmiah Geologi pangea
Heru Kristanto
Unknown Affiliation
Earth & Planetary Sciences Economics, Econometrics & Finance Energy Engineering Environmental Science Law, Crime, Criminology & Criminal Justice

Published : 4 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Journal of Indonesian Applied Economics

 1 
The Impact of Macroeconomic on Working Capital Management. Empirical Study in Indonesian firms Before Pandemic 19. Ira; Heru Kristanto
Journal of Indonesian Applied Economics Vol. 10 No. 2 (2022)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jiae.2022.010.02.5

Abstract

Working capital management is determined by investment policies, funding policies and, stability in macroeconomic conditions. This study aims to examine the effect of cash, receivables, inventory and working capital on firm value. Test the moderation of macroeconomic variables on the effect of working capital on firm value. This study uses a purposive sampling method for companies listed on the IDX, with a study period of 2009-2018. Total observations or n samples are 1960. Hypothesis testing uses the panel of fixed-effect regression and moderation regression. The results of research or hypothesis testing indicate that cash, receivables and inventories have a positive effect on firm value. Working capital has a positive effect on firm value. Inflation, rupiah exchange rates and risk-free interest rates moderate the effect of working capital on the firm's value. The implication of this research is that good working capital management will increase company value. Macroeconomic conditions of a country will affect the management of working capital and company value.
Co-Authors Ira Laksmana, Aditya Candra Wibowo, Eka Adhi