Article Sidebar

Download
PDF
Statistic
Read Counter : 503 Download : 574

Downloads

Download data is not yet available.

Main Article Content

Abstract

The need for additional funds is very much needed in situations of increased sales and macroeconomic conditions. Covid-19 Outbreak affects the firm's financial condition. The need for additional funds can be influenced by internal financial factors such as the amount of capital intensity, spontaneous and current liabilities and retained earnings. This study aims to empirically examine the factors that influence the need for funds on the 2018-2020. Observation of the data using the 2018-2020 quarterly data study. The method used to calculate the formula for additional funding needed during crisis and non-crisis and use the SPSS IBM 20 statistical tool for multiple linear regression that examines the causal relationship of variables for additional funds. The results obtained are that there is effect of the capital intensity factor, current liabilities and retained earnings on the need for additional funds, while partially the capital intensity and retained earnings have a positive effect on the need for additional funds, but the current liability factor cannot significantly affect the need for additional funds. The results of this study contribute that quarterly data provide more detailed results in developing literature related to the need for additional funds and capital intensity and the factors that influence them more so that changes can be analyzed periodically, not annually.

Keywords

Capital Intensity The need for Additional Fund Globalization

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Author Biographies

Sri Hermuningsih, Universitas Sarjanawiya Tamansiswa, Indonesia

Academic Profile: Scopus; Google Scholar; ORCID; Sinta; Researchgate

Pristin Prima Sari, Universitas Sarjanawiyata Tamansiswa, Indonesia

Academic Profile: Google Scholar; Sinta; Researchgate

Anisya Dewi Rahmawati, Universitas Sarjanawiyata Tamansiswa, Indonesia

Academic Profile: n/a

References

  1. Aziz, A., & Ermawati, E. (2020). Model AFN sebagai Peramalan Modal Tambahan pada UMKM Margamulya Cileles Banten. Ekonomi Dan Bisnis, 7(1), 91–104. https://doi.org/10.35590/jeb.v7i1.1572
  2. Bandi. (2007). Financial planning and forecasting financial statement.
  3. Brigham, E. F., & Daves, P. R. (2014). Intermediate financial management. Cengage Learning.
  4. Dondeti, V. R., McGowan, C. B., & Mohanty, B. B. (2021). Estimating The Additional Funds Needed (AFN) For Corporate Growth: A Contingency Planning Approach. Journal of International Finance and Economics, 21(3), 48–62. https://doi.org/http://dx.doi.org/10.18374/JIFE-21-3.4
  5. Ghozali, I. (2013). Aplikasi Analisis Multivariat Dengan Program Ibm Spss (7th Editio). Universitas Diponegoro.
  6. Harvey, C. R. (2020). The Economic and Financial Implications of the COVID-19 Pandemic April 2020 CH. April.
  7. Mathur, N., & Tiwari, S. C. (2021). Capital Structure, Competitive intensity and financial performance : an analysis of pharmaceutical companies. Managerial Finance, 47(9), 1357–1382. https://doi.org/10.1108/MF-01-2020-0009
  8. Pradipta, D. H. (2013). Pengaruh Leverage Terhadap Financial Distress Dengan Capital Intensity Sebagai Variabel Moderasi (Studi Empiris Pada Industri Perbankan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2008 - 2011). Universitas Sebelas Maret.
  9. Prasetyo, W. (2020). Covid-19 Learning Concerning Financial Planning Importance and Household Accounting. Jurnal Reviu Akuntansi Dan Keuangan, 10(3), 444–457. https://doi.org/10.1093/nq/s1-ix.228.217a
  10. Purwanto, Edhie, A., & Sukamulja, S. (2007). Proyeksi Kebutuhan Kas Menggunakan Metode Additional Funds Needed (AFN) pada Proyeksi Laporan Keuangan Lima Tahun: studi pada PT PZ Cusson Indonesia. Repository Tesis. Universitas Gajahmada.
  11. Rahmawati, R. R. (2016). Perencanaan keuangan sebagai dasar penetapan kebutuhan dana pada PT. Mustika Ratu Tbk periode 2016-2018. Undergraduate Thesis Universitas Islam Negeri Maulana Malik Ibrahim.
  12. Renaldy, A. (2011). Perencanaan & Peramalan Keuangan.
  13. Setyari, N. P. W., Kartika, I. N., Wenagama, I. W., Dewi, N. P. M., & Sudiana, I. K. (2017). Capital Intensity Effects on International Capital Flows and Current Account of Association of Southeast Asian Nations 6 Countries. International Journal of Economics and Financial Issues, 7(3). http://www.econjournals.com/index.php/ijefi/article/download/4507/pdf
  14. Sivakumar, K. (2015). Analytical Investigation of Financial Planning and Control Practices: A Case Analysis. International Journal of Economics and Financial Research, 1(2), 24–34. http://www.arpgweb.com/pdf-files/IJEFR1(2)24-34.pdf
  15. Sonne, C., Dietz, R., & Alstrup, A. K. O. (2019). New funds needed to cover open-access costs. Nature, 575(7781), 51–52. https://doi.org/10.1038/d41586-019-03389-4
  16. Sudiro, A. (2012). Modul 6 Metodologi Penelitian Bisnis. Http://Achmadsudirofebub.Lecture.Ub.Ac.Id/. Retrieved from http://achmadsudirofebub.lecture.ub.ac.id/2012/02/modul-6-metodologi-penelitian-bisnis/
  17. Sugiyono. (2015). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alfabeta.
  18. Witte, K. De, Smet, M., & Assche, R. Van. (2017). The Impact of Additional Funds for Schools With Disadvantaged Pupils the Impact of Additional Funds for Schools With Disadvantaged Pupils. Maastricht University.
  19. Wouters, O. J., McKee, M., & Luyten, J. (2020). Estimated Research and Development Investment Needed to Bring a New Medicine to Market, 2009-2018. JAMA, 23(9), 844–853. https://doi.org/10.1001/jama.2020.1166