DETERMINAN CASH HOLDING PADA PERUSAHAAN MANUFAKTUR DI INDONESIA
Main Article Content
Abstract
This study aims to acquire empirical evidence to determine whether leverage has a
negative impact on cash holding, whether profitability has a positive impact on cash
holding, whether tangible asset has a negative impact on cash holding, whether firm
size has a positive impact on cash holding and whether investment opportunities have a
positive impact on cash holding for manufacturing companies in Indonesia. This
research uses purposive sampling method to collected data and Eviews 12 to processed
its data. This research uses sample of 58 manufacturing companies listed on Indonesian
Stock Exchange for the period 2017-2020. The results of this research are firm size and
investment opportunities have no impact on cash holding, leverage and tangible asset
have a significant negative impact on cash holding, and profitability has a significant
positive impact on cash holding.
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