PENGARUH LEVERAGE, CAPITAL EXPENDITURE, DAN GROWTH OPPORTUNITIES TERHADAP CASH HOLDING
Main Article Content
Abstract
This study aims to determine the role of leverage, capital expenditure, and growth
opportunities related to their effect on the value of cash holdings in property & real
estate sub-sector companies listed on the Indonesia Stock Exchange (IDX) during 2015
to 2019. The sample in this study This was taken through purposive sampling method
and the valid data were 95 data from 19 companies. Data collection techniques were
assisted by using Microsoft Excel 2010 program and data processing was carried out
using multiple regression analysis assisted by the SPSS (Statistical Product and Service
Solution) version 25 program. The results showed that leverage and capital expenditure
had a negative and significant effect on cash holding, while growth opportunities have a
positive and insignificant effect on cash holding. The implication of this research is the
need for an active management role to be able to always create optimal cash holding
value within the company to minimize existing risks and increase company value.
Article Details
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