Mengurai Efektivitas Manajemen Modal Kerja: Studi Kualitatif Atas Krisis Likuiditas dan Profitabilitas di Perum Perumnas
DOI:
https://doi.org/10.70375/e-logis.v7i1.144Keywords:
efektivitas, manajemen modal kerja, likuiditas, profitabilitas, perumnasAbstract
Penelitian ini mengkaji efektivitas manajemen modal kerja pada Perum Perumnas dari 2018 hingga 2022, serta dampaknya terhadap likuiditas dan profitabilitas perusahaan. Metode penelitian menggunakan pendekatan studi kasus dan deskriptif kualitatif dengan triangulasi data dari observasi, wawancara mendalam, dan dokumentasi. Tinjauan pustaka dari berbagai studi internasional menguatkan bahwa siklus modal kerja yang optimal berpengaruh signifikan terhadap profitabilitas dan likuiditas. Hasil penelitian menunjukkan bahwa manajemen modal kerja Perumnas relatif tidak efektif, dengan rasio keuangan berada di bawah standar industri, mencerminkan rendahnya efisiensi modal kerja dan pengelolaan likuiditas.
References
Aryawan, I., & Indriani, A. (2020). Working capital management and profitability: Evidence from Indonesian manufacturing companies. Diponegoro International Journal of Business, 3(1), 36–46.
Baños-Caballero, S., García-Teruel, P. J., & Martínez-Solano, P. (2014). Working capital management, corporate performance, and financial constraints. Journal of Business Research, 67(3), 332–338.
Baxter, P., & Jack, S. (2008). Qualitative case study methodology: Study design and implementation for novice researchers. The Qualitative Report, 13(4), 544–559.
Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3‐4), 573–588.
Heliani, H. (2023). Relationship between Working Capital Management, Corporate Social Responsibility, Liquidity Risk, and Profitability on the Performance and Sustainability. International Journal of Business, Law, and Education, 4(2), 1257–1269.
Lazaridis, I., & Tryfonidis, D. (2006). Relationship between working capital management and profitability of listed companies in the Athens stock exchange. Journal of Financial Management and Analysis, 19(1).
Lyngstadaas, H., & Berg, T. (2016). Working capital management: Evidence from Norway. International Journal of Managerial Finance, 12(3), 295–313.
Miles, M. B., & Huberman, A. M. (1994). Qualitative data analysis: An expanded sourcebook. sage.
Nguyen, A. T. H., & Van Nguyen, T. (2018). Working capital management and corporate profitability: Empirical evidence from Vietnam. Foundations of Management, 10(1), 195–206.
Patton, M. Q. (2014). Qualitative research & evaluation methods: Integrating theory and practice. Sage publications.
Yin, R. K. (2018). Case study research and applications (Vol. 6). Sage Thousand Oaks, CA.