DETERMINAN CASH HOLDING PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA
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Abstract
This study aims to determine the effect of firm size, leverage, profitability, net working
capital, and cash conversion cycle on cash holding in manufacturing companies listed
on the Indonesian stock exchange. The research period is from 2017 to 2020. The study
used a purposive sampling method and produced 260 research samples. The results of
data processing with Eviews 12 student version lite show that the most suitable model
used in predicting cash holding is the Random Effect Model (REM). Of all the
independent variables, only three independent variables were found to affect cash
holding, i.e. profitability, net working capital, and cash conversion cycle. The results
showed that profitability and net working capital had a significant positive effect on
cash holding while the cash conversion cycle had a significant negative effect.
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