Controlling variable indirect WCTO as the mediating variable against ROE
This study aims to examine the direct and indirect effect of current ratio and working capital turn over (WCTO) dan return on Equity (ROE), with WCTO serving as a mediating variable , pharmaceutical sub sector company list on the Indonesia Stock Exchange (IDX) during the 2019-2023 period. The Resea...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Program Studi Keuangan dan Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia
2025-08-01
|
| Series: | Jurnal Ilmu Keuangan dan Perbankan |
| Online Access: | https://ojs.unikom.ac.id/index.php/jika/article/view/15975 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849243198893850624 |
|---|---|
| author | Nurhana Dhea Parlina Maiyaliza Maiyaliza Erwin Budianto |
| author_facet | Nurhana Dhea Parlina Maiyaliza Maiyaliza Erwin Budianto |
| author_sort | Nurhana Dhea Parlina |
| collection | DOAJ |
| description |
This study aims to examine the direct and indirect effect of current ratio and working capital turn over (WCTO) dan return on Equity (ROE), with WCTO serving as a mediating variable , pharmaceutical sub sector company list on the Indonesia Stock Exchange (IDX) during the 2019-2023 period. The Research adopts a quantitative approach using secondary data in the form on annual financial statements. The sample was selected using purposive sampling resulting in 40 data point from 8 companies. The analytical method use is path analysis support by 25 software. During the observation method, average sales in pharmaceutical sub sector industry show a declining tren leading to decrease in both profit and working capital. However data also indicate the beginning of the new growth in this sector. Therefore this study was conducted in the response to these on emerging patterns. The result show that WCTO has significant indirect effect on ROE while the current ratio doesnot have a direct impact on ROE
Keywords: Path Analysis; CR; WCTO; ROE; Finance
|
| format | Article |
| id | doaj-art-e856d2383d7649dfbaba4bdd1997d6e3 |
| institution | Kabale University |
| issn | 2089-2845 2655-9234 |
| language | English |
| publishDate | 2025-08-01 |
| publisher | Program Studi Keuangan dan Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia |
| record_format | Article |
| series | Jurnal Ilmu Keuangan dan Perbankan |
| spelling | doaj-art-e856d2383d7649dfbaba4bdd1997d6e32025-08-20T03:59:32ZengProgram Studi Keuangan dan Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer IndonesiaJurnal Ilmu Keuangan dan Perbankan2089-28452655-92342025-08-0114210.34010/jika.v14i2.15975Controlling variable indirect WCTO as the mediating variable against ROENurhana Dhea Parlina0Maiyaliza Maiyaliza1Erwin Budianto2Universitas Swadaya Gunung JatiUniversity Swadaya Gunung JatiUniversity Swadaya Gunung Jati This study aims to examine the direct and indirect effect of current ratio and working capital turn over (WCTO) dan return on Equity (ROE), with WCTO serving as a mediating variable , pharmaceutical sub sector company list on the Indonesia Stock Exchange (IDX) during the 2019-2023 period. The Research adopts a quantitative approach using secondary data in the form on annual financial statements. The sample was selected using purposive sampling resulting in 40 data point from 8 companies. The analytical method use is path analysis support by 25 software. During the observation method, average sales in pharmaceutical sub sector industry show a declining tren leading to decrease in both profit and working capital. However data also indicate the beginning of the new growth in this sector. Therefore this study was conducted in the response to these on emerging patterns. The result show that WCTO has significant indirect effect on ROE while the current ratio doesnot have a direct impact on ROE Keywords: Path Analysis; CR; WCTO; ROE; Finance https://ojs.unikom.ac.id/index.php/jika/article/view/15975 |
| spellingShingle | Nurhana Dhea Parlina Maiyaliza Maiyaliza Erwin Budianto Controlling variable indirect WCTO as the mediating variable against ROE Jurnal Ilmu Keuangan dan Perbankan |
| title | Controlling variable indirect WCTO as the mediating variable against ROE |
| title_full | Controlling variable indirect WCTO as the mediating variable against ROE |
| title_fullStr | Controlling variable indirect WCTO as the mediating variable against ROE |
| title_full_unstemmed | Controlling variable indirect WCTO as the mediating variable against ROE |
| title_short | Controlling variable indirect WCTO as the mediating variable against ROE |
| title_sort | controlling variable indirect wcto as the mediating variable against roe |
| url | https://ojs.unikom.ac.id/index.php/jika/article/view/15975 |
| work_keys_str_mv | AT nurhanadheaparlina controllingvariableindirectwctoasthemediatingvariableagainstroe AT maiyalizamaiyaliza controllingvariableindirectwctoasthemediatingvariableagainstroe AT erwinbudianto controllingvariableindirectwctoasthemediatingvariableagainstroe |