Determinan dan konsekuensi modal kerja: Sebuah meta analisis

Abstrak

Purposes:  The purpose of this study is to present a systematic framework in order to understand how determinants and consequences of working capital. 

Methods :  The research presented in this paper is using a meta - analysis method to observe the factors and consequences of working capital based on 13 samples of articles journal obtained from Google Scholar. 

Findings:  The findings of this study indicate that the factors of working capital, including cash turnover, inventory turnover, receivable turnover, sales volume and the nature or type of company all have a positive and significant effect on working capital. This research also informs that working capital has a positive and significant effect on investment return (dividend), cost minimization and fund flow monitoring. 

Keywords:  Working capital, Working capital determinants, Working capital consequences, Meta analysis