FINANCIAL MANAGEMENT DAN PENINGKATAN PROFITABILITAS USAHA KECIL MENENGAH DI KOTA BENGKULU
| Main Authors: | Nurazi, Ridwan, Fitri, Santi, Siti, Aisyah |
|---|---|
| Format: | Monograph NonPeerReviewed Archive |
| Bahasa: | eng |
| Terbitan: |
Jurusan Manajemen Fakultas Ekonomi UNIB
, 2017
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| Subjects: | |
| Online Access: |
http://repository.unib.ac.id/11653/1/Laporan%20Penelitian-Financial%20Management.pdf http://repository.unib.ac.id/11653/ |
Daftar Isi:
- Common problem faced by SMEs is inefficient financial management practices. This study intended to present a description of the characteristics of SMEs in Bengkulu City, how are their financial management practices, do they have efficient financial practices, and their impact on profitability. Therefore, we try to explore the simultaneous effects of the practices of financial management and financial characteristics of SMEs (ie, liquidity proxied by current ratio, business activities proxied by turnover, capital structure proxyied by leverage ratio) on their business profitability and then determine the best way to improve the profitability of SMEs. The study shows that SMEs in Bengkulu City play an important role in job creation, and increase people’s income. Based on our empirical data, it is found that almost all the SMEs in our sample were profitable, but the amounts of profit vary in type of industrial and form of organization. In general, the data shows there are many SMEs in our sample do not have efficient financial management practices, especially for receivables management (PIUTANG), fixed assets management (FA), accounting information systems (SLA), and cash management (KAS). Regarding the influence of the financial characteristics and efficiency of the management practices of financial profitability, this research found that the current ratio negatively affect profitability, while the turnover, leverage and efficiency of financial management practices have a positive impact on profitability. From the results of regression analysis, it is found that the coefficient of turnover having the greatest magnitude compared to the coefficients of other variables, so the increase in business activity (turnover) is the best measure to improve the profitability of SMEs. Results are generally indicates that the empirical data still consisten with the existing financial theory.