The Influence of Capital Structure and Cash Flow Management on the Financial Performance of Cooperatives in Pamekasan Regency with Financial Supervision as an Intervening Variable
DOI:
https://doi.org/10.61806/al-tatawur.v4i1.99Keywords:
Capital Structure, Cash Flow Management, Financial Performance, Financial SupervisionAbstract
This study aims to analyze the influence of capital structure and cash flow management on the financial performance of cooperatives in Pamekasan Regency, with financial supervision as an intervening variable. A quantitative research approach was employed, involving 100 cooperative managers in Pamekasan Regency as the sample. Data analysis was conducted using Structural Equation Modeling (SEM). The results indicate that capital structure has a positive and significant effect on the financial performance of cooperatives, as does cash flow management, which also significantly influences financial performance. Additionally, financial supervision is proven to act as an intervening variable, strengthening the relationship between capital structure, cash flow management, and financial performance. This study contributes theoretically to the literature on cooperative management by emphasizing the importance of proper capital structure management, efficient cash flow management, and effective financial supervision in improving the financial performance of cooperatives. Practically, these findings provide insights for cooperative managers and policymakers to enhance financial supervision and optimize capital and cash flow management to improve the financial performance of cooperatives in Pamekasan Regency.
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