The Effect of Board Gender Diversity and Firm Size on Cash Holding of Manufacturing Companies: Evidence from Indonesia
Article Sidebar
Main Article Content
Abstract
The company's cash holding is closely related to the company's efforts to minimize external funding costs. Companies that have large amounts of cash have the hope that each financing can first be financed with the company's internal funding sources, if not, then use external funding sources. The level of cash holding of a company can be influenced by various factors, including board gender diversity and firm size. This study aims to prove empirically how gender diversity in the board of directors can increase cash holding and also how company size can increase the value of cash holding. This research was assisted by the EViews 10 software program. The test results prove that gender diversity in the board of directors does not have a positive effect on cash holding, but the size of the company has a positive effect on cash holding.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
IJAEB by Graduate Program of Universitas Tarumanagara is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.. Permissions beyond the scope of this license may be available at https://journal.untar.ac.id/index.php/ijaeb
References
Sakina Rakhma Diah Setiawan, RI Peringkat 4 Negara dengan Direktur Perempuan Terbanyak, (2020).
Elsa Catriana, Kesetaraan Gender di Perusahaan Bisa Berkontribusi ke Pertumbuhan Ekonomi Nasional, (2019).
Yanti, Liana Susanto, Henny Wirianata, Viriany, Corporate Governance, Capital Expenditure, dan Cash Holding, Jurnal Ekonomi. XXIV(1) (2019), 1-14.
Domenico Rocco Cambrea, Tenuta Paolo, Vincenzo Vastola, Female directors and corporate cash holdings: monitoring vs executive roles, Management Decision. 58(2) (2020) 295-312. DOI: https://doi.org/10.1108/MD-11-2018-1289
B.K. Adhikari. Female executives and corporate cash holdings, Applied Economics Letters 25(13) (2018) 958-963. DOI: https://doi.org /10.1080/13504851.2017.1388904
Irfan Ullah, Aurang Zeb, Syed Ali Hamid Syah, Muhammad Awais, Board Diversity and Firm’s Cash Holding: Evidence from Pakistan, Iqra Journal of Business and Management (IJBM). 4(2) (2020) 157-187.
Rizki Alicia, Jeffry Putra, Winny Fortuna, Felin, Pengaruh Growth Opportunity Leverage dan Firm Size terhadap Cash Holding Perusahaan Properti dan Real Estate Owner, Riset dan Jurnal Akutansi. 4(2) (2020) 322-329. DOI: https://doi.org /10.33395/owner.v4i2.219
Amarjit Gill, Charul Shah, Determinants of corporate cash holdings: evidence from Canada, International Journal of Economics and Finance. 4(1) (2012) 70-79. DOI: https://doi.org/10.5539/ijef.v4n1p70
Herni Kurniawati, Henny, The Influence of Gender, Nation, Education, and Age of Board Members on the Company’s Financial Performance. Proceedings of the International Conference on Economics, Business, Social, and Humanities, Advances in Social Science, Education and Humanities Research, 570 (2021) 399-407. DOI: https://doi.org/10.2991/assehr.k.210805.064
Bin Srinidhi, Ferdinand A.Gul, Judy Tsui. Female directors and earnings quality, Contemporary Accounting Research. 28(5) (2011) 1610-1644. DOI: https://doi.org/10.1111/j.1911-3846.2011.01071.x
Luh Putu Erma Liestyasih, Luh Putu Wiagustini, Pengaruh Firm Size dan Growth Opportunity Terhadap Cash Holding dan Firm Value, E-Jurnal Ekonomi dan Bisnis Universitas Udayana. 6(10) (2017) 3607-3636. DOI: https://doi.org/10.24843/EEB.2017.v06.i10.p07
Shaukat Ali, Mishkat Ullah, Ullah Nazir, Determinants of Corporate Cash Holdings: 'A Case of Textile Sector in Pakistan', International Journal of Economics and Management Sciences. 5(3) (2016) 1-10. DOI: http://dx.doi.org/10.4172/2162-6359.1000334
Samuel Nduati Kariuki, Gregory S. Namusonge, George O. Orwa, Determinants of Corporate Cash Holdings: Evidence from Private Manufacturing Firms in Kenya, International Journal of Advanced Research in Management and Social Sciences. 4 (2015) 15-33.
Afif, Saleh, Prasetiono, P, Analisis Faktor-Faktor Yang Mempengaruhi Kebijakan Cash Holding Pada Perusahaan Manufaktur yang Listing Di Bursa Efek Indonesia Tahun 2010- 2014, Diponegoro Journal of Management. 5(4) (2016) 279-289.
Ghada Tayem, The Determinants of Corporate Cash Holdings: The Case of a Small Emerging Market, International Journal of Financial Research. 8(1) (2016) 143. DOI: https://doi.org/10.5430/ijfr.v8n1p143
Ajid ur Rehman, Man Wang, Corporate Cash Holding and Adjustment Behaviour in Chinese Firms: An Empirical Analysis Using Generalized Method of Moments, Australasian Accounting Business and Finance Journal. 9(4) (2015) 20-37. DOI: https://doi.org/10.14453/aabfj.v9i4.3
Saul Fernando Simanjuntak, A. Sri Wahyudi, Faktor-faktor Yang Mempengaruhi Cash Holding Perusahaan, Jurnal Bisnis dan Akuntansi, 19(1a-1) (2017) 25-31. DOI: https://doi.org/ 10.34208/jba.v19i1a-1.138
Stefany, Agustin Ekadjaja, Faktor Yang Mempengaruhi Cash Holding Perusahaan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Multiparadigma Akuntansi. I(3) (2019) 610-618.
Suherman, Faktor-faktor Yang Mempengaruhi Cash Holdings Perusahaan di Bursa Efek Indonesia. Jurnal Manajemen. XXI(3) (2017) 336-349. DOI: https://doi.org/ 10.24912/jm.v21i3.255
Basil Al-Najjar, The financial determinants of corporate cash holdings: Evidence from some emerging markets, International Business Review. 22(1) (2013) 77–88. DOI: https://doi.org/10.1016/j.ibusrev.2012.02.004
David P.E. Saerang, Joy Elly Tulung, Imelda W.J.Ogi. The influence of executives’ characteristics on bank performance: The case of emerging market, Journal of Governance & Regulation. 7(4) (2018) 13-18. DOI: https://doi.org /10.22495/jgr_v7_i4_p2
Ahmed A. Sarhan, Collins G. Ntim, Basil Al-Najjar, Board diversity, corporate governance, corporate performance, and executive pay, International Journal of Finance & Economics. 24 (2018) 761-786. DOI: https://doi.org/10.1002/ijfe.1690
Panagiotis E. Dimitropoulos, Konstantinos Koronios, Board Gender Diversity and Cash Holdings: Empirical Evidence from the European Sport and Leisure Sector, International Journal of Financial Studies. 9(64) (2021) 1-21. DOI: https://doi.org/ 10.3390/ijfs9040064
Panagiotis E. Dimitropoulos, Cash holding determinants in the Greek Hotel Industry: SMEs Versus Large Firms, Proceedings in Business and Economics, in: Vicky Katsoni & Thanasis Spyriadis (ed.), Cultural and Tourism Innovation in the Digital Era, Springer, Berlin, Heidelberg, 2020, pp. 585-596. DOI: https://doi.org/10.1007/978-3-030-36342-0_45
J.W. Creswell, Research Design: Qualitative, and Mixed Methods Approaches, Sage Publications, Inc, 2014.
S. Balagobei & T. Velnampy. A Study on Ownership Structure and Financial Performance of Listed Beverage Food and Tobacco Companies in Sri Lanka, International Journal of Accounting and Financial Reporting. 7(2) (2017) 36-47. DOI: https://doi.org/10.5296/ijafr.v7i2.1151.
Onur Kemel Tosun, Izidin El Kalak, Robert Hudson, International Review of Financial Analysis. 80 (2022) 1-20. DOI: https://doi.org/ 10.1016/j.irfa.2022.102034
Marfu'a Marfu'a, Yana Ulfah, Yoremia Lestari Br Ginting, Pengaruh leverage, dewan direksi, kepemilikan pemerintah dan kepemilikan minoritas terhadap cash holding pada perusahaan non keuangan yang terdaftar di bursa efek Indonesia, Jurnal Ilmu Akuntansi Mulawarman. 3(4) (2018).