REACHING PERSISTENCE OF FINANCIAL PERFORMANCE BY IMPLEMENTING WORKING CAPITAL MANAGEMENT

Main Purpose: This study aims to examine the effects of working capital management (WCM) on persistence financial performance.Method: was companies listed Indonesia Stock Exchange used were 91 running retail, industrial and basic material businesses during 2010-2020 period. The hierarchical linear mixed (HLM) estimation method is process multilevel data analysis.Main Finding: funding show that regardless corporate life cycle stage, NTC has a significant positive coefficient with persistent performance as measured by profit persistence. increase in will although company cannot maintain same across all stages cycle. During introduction impact performance, but it negative growth stage. In mature, decreases again at decline stage.Implikasi : provides simplification related problems company's stage its dealing various business economic turmoil long term.Kebaruan Penelitian:This research broadens insights regarding application performance.Keywords: Persistence performance; Working Capital Management; Corporate