THE EFFECT OF CASH TURNOVER, ASSET MANAGEMENT, AND LEVERAGE ON FINANCIAL PERFORMANCE IN TELECOMMUNICATION COMPANIES IN INDONESIA AND THAILAND

Abstract

This study aims to determine the effect of cash turnover, asset management, and leverage on financial performance in telecommunications companies in Indonesia and Thailand. The research method used is quantitative research. The population in this study were telecommunications companies listed on the Indonesia Stock Exchange and the Thailand Stock Exchange in 2019 to 2022. The sample technique used in this study was purposive sampling. This research sample consists of 21 companies and 109 data observations. The data analysis method used is panel data regression using EViews 9 software. The results showed that partially, cash turnover affects the financial performance of Indonesian telecommunications companies while in Thai telecommunications companies it has no effect, asset management affects financial performance in telecommunications companies in Indonesia and Thailand, leverage has no effect on financial performance in telecommunications companies in Indonesia and Thailand.