Cash Holding: Leverage, Liquidity, Net Working Capital, Capital Expenditure, And Profitability

Ian Hanaputra, Vidyarto Nugroho

Abstract


The purpose of this research is to determine the effect of leverage, liquidity, net working capital, capital expenditure, and profitability on cash holding on manufacturing companies listed on the Indonesia Stock Exchange in 2016-2018. The research uses a sample of 77 companies each year. The method of analysis used is panel data regression analysis with E-views 9. The results of the research with a significance level of 5% shows that leverage and net working capital have no effect on cash holding while capital expenditure has a negative effect on cash holding, and liquidity and profitability have a positive effect on cash holding.


Keywords


Leverage; Liquidity; Net Working Capital; Capital Expenditure; Profitability; Cash Holding.

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DOI: http://dx.doi.org/10.24912/jpa.v3i1.11412

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