KEBIJAKAN OPERASIONAL DAN KEPUTUSAN PENDANAAN PADA PERUSAHAAN DAERAH AIR MMINUM KOTA MALANG

Abstract

The funding decision is basically concerned with the selection of the source of funds by the
company. There are a number of risks that affect the company's performance to be
considered by the parties, namely the risk of macro-economic and micro-economic risks. This
study aims to determine and prove the influence of operational policy and funding decisions
on the financial performance of local water company in the city of Malang.
Based on the theory and the results of previous research, this study uses the variable
operational decisions comparison between the results of Sales by Total Assets, and
comparisons between the results of the sales receivables. While the funding decisions using
indicators and debt ratio Debt to Equity Ratio (DER). Furthermore, the company's
financial performance variables using ROI and ROE indicators. The analysis in this study
uses multiple regression analysis to determine the independent variables and the dependent
variable population in this study is the monthly financial reports by local water companies
Malang starting in 2008 until the year 2010 that collected 36 observations.
Based on the analysis of the results of research and discussion, we can conclude that the three
hypotheses stated previously proved significant. From this analysis it can be concluded that
the operational policies and funding decisions affect the financial performance of local water
company Malang
Keywords: operational policy, funding decisions, financial performance