HERSUGONDO, Hersugondo (2022) Artikel Dr. HERSUGONDO, SE, MM: Working Capital Determination in Indonesian Companies during the Covid-19 Pandemic. Jurnal Akuntansi dan Bisnis: Jurnal Program Studi Akuntansi, 8 (2).

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Abstract

This study aimed to know the effect of the Covid-19 pandemic on the performance of companies in
Indonesia, to analyze the working capital determination in Indonesia companies, to analyze the
effect of Probability in financial distress in moderating the working capital relationship in Indonesia
companies, and to analyze the influence of variables in providing its effect on the company's working
capital. The sample used in this study was 59 companies registered in Indonesia for the period 2017
2021 taken by purposive sample method. The analytical method used was a multiple linear
regression model using Spss 25 software. The results showed that companies that manage working
capital through conservative policies were a financial strategy to ensure liquidity in fulfilling their
obligations to creditors, firm age (company age), long-term debt, and sales growth has a positive
effect on working capital. Thus, an older company can run the company by presenting a higher level
of working capital which can generate profits and a better company reputation which allows the
company to get credit more easily.

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