THE INFLUENCE OF PHYSICAL, FINANCIAL, INTELLECTUAL CAPITAL, AND WORKING CAPITAL TURN ON THE FINANCIAL PERFORMANCE OF COMPANIES

Abstract

This study aims to empirically examine the effect of physical capital, financial capital, intellectual capital, and working capital turnover on the company's financial performance as the dependent variable. The theory used in this study is Resource Based Theory (RBT) developed by Barney 1991 and Resource-Dependence Theory (RDT) developed by Pfeffer and Salancik 1978. The sample in this study is the Consumer Goods Industry listed on the Indonesia Stock Exchange in 2016 -2018 using the purposive sampling method. The data analysis technique used is multiple linear regression analysis with SPSS 24 test equipment. The results of this study indicate that physical capital has a negative effect on the company's financial performance, financial capital has a positive effect on the company's financial performance, while intellectual capital and working capital turnover have no effect on performance. company finances.