The Determinant of Working Capital Management Case of Manufacturing Companies Listed in Indonesia Stock Exchange Period 2010–2014

Working capital is directly related to the operations activity of the company to produce goods. To be able to properly manage its working capital, the company must determine what factors that can affect working capital. Actually, there are many factors that effect working capital management but the factors that used in this study are firm size, leverage, firm growth, cash flow, profitability, capital expenditure, and GDP. Meanwhile, working capital management is reflected by the cash conversion cycle. By taking samples at manufacturing companies listed in Indonesia Stock Exchange period 2010–2014, found a significant effect of firm size, firm growth, cash flow, profitability, and GDP. As for leverage and capital expenditure did not reveal any significant effect.