PERSPEKTIF SIKLUS HIDUP PERUSAHAAN DALAM HUBUNGAN ANTARA INVENTORI DAN KINERJA FINANSIAL

Ferry Setiawan, Nofrisel Nofrisel

Abstract


Research regarding the relationship between inventory management and financial performance
is so far inconclusive: some found it to be positive, others found it to be negative. One of
the many factors that influence the variance, the organizational life cycle, will be explored
in this research. Organizational life cycle might influence the relationship between inventory
management and financial perfomance due to the different strategies and designs pursued
by the organizations along each of their life cycle stages. This study use a sample set of 33
manufacturing companies listed in BEI, with 7 years observation period. A regression analysis
is performed with dummy variables of organizational life cycle, resulting from a cluster analysis
with k-mean method. Regression analysis and cluster analysis are all done with Stata. The
result shows that the relationship between inventory and financial performance is positive in
the early growth stage of organization life cycle and turns to negative at late growth stage. The
relationship is inconclusive at the conception and stability stage of organizational life cycle.
Therefore, we can conclude that in making decisions about inventory, firms should consider
what stage of organizational life cycle they are currently in so that the decisions made can
impact the financial performance positively.

Keywords: Organizational Life Cycle, Financial Performance, Inventory Management


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DOI: http://dx.doi.org/10.30659/ekobis.20.1.40-61

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