The  Influence of Working Capital Management on Business Performance: Moderating Effect of COVID-19

Jajang Badruzaman

doi:10.58968/ria.v3i1.280

Authors

Jajang Badruzaman Accounting Department, Faculty of Economics and Business, Universitas Siliwangi

DOI:

https://doi.org/10.58968/ria.v3i1.280

Keywords:

Working Capital Management, Business Performance, Covid-19, Indonesia

Abstract

The aim of this research is to find the influence between Working Capital
Management and Business Performance in COVID-19 era. The quantitative
research methods, multiple regressions, secondary data and purposive sampling
have been worked out. The authors have collected a panel of 16 of Healthcare
Sector Company from Indonesia Stock Exchange in 2018-2021. The results of
this study indicate that Working Capital Management measured by GWCR has
an effect on business performance and NWCR has no effect on business
performance measured by ROA and ROE. Meanwhile, Covid-19 did not
moderate the influence between GWCR on business performance and Covid-19
was able to moderate the relationship between NWCR and business
performance. By validating the findings with previous researchers, this research
will contribute to the literature and business surveys. It will benefit academic,
social and practical behavior.

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