FAKTOR YANG MEMPENGARUHI CASH HOLDING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

Main Article Content

Ricky Suhandy
Rosmita Rasyid

Abstract

The purpose of this research is to examine the effect of leverage, profitability, liquidity, cash flow and dividend payment on cash holding in manufacturing companies listed on the Indonesia Stock Exchange during the year 2017 to 2020. The research used 38 manufacturing companies that were selected using purposive sampling method for a total of 152 sample in four years. The result of the research are profitability have significant positive impact on cash holding, liquidity have insignificant positive impact on cash holding and leverage, cash flow, dividend payment has insignificant negative impact on cash holding.

Article Details

Section
Articles

References

Ariana, D., Hadjaat, M., & Yudaruddin, R. (2018). Pengaruh cash flow, expenditure dan nilai perusahaan terhadap cash holding pada perusahaan sektor pertambangan yang terdaftar di bursa efek indonesia periode 2012-2015. Jurnal Manajemen, 7-13.

Damarjati, A., & Fuad. (2018). Pengaruh Leverage, Debt Maturity, Kebijakan Dividen, Dan Cash Holdings Terhadap Kinerja Keuangan Perusahaan (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bei Tahun 2017). Diponegoro Journal Of Accounting, 1-12.

Darwin, M., Mamondol, M. R., Sormin, S. A., Nurhayati, Y., Tambunan, H., Sylvia, D., & Gebang, A. A. (2021). Metode Penelitian Pendekatan Kuantitatif. Bandung: Penerbit Media Sains Indonesia.

Ferreira, M. A., dan Vilela, A. S. (2004). Why Do Firms Hold Cash? Evidence from EMU Countries. European Financial Management, 10(2), 295–319.

Guizani, M., & Ajmi, A. N. (2021). The Financial Determinants of Corporate Cash Holdings: Does Sharia-Compliance Matter? Montenegrin Journal of Economics, 157-168.

Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2018). Intermediate Accounting, IFRS Edition (3 ed.). New Jersey: John Wiley & Sons, Inc.

Kusumawati, S., Ts, K. H., & Nurlaela, S. (2020). Determinan Cash Holding Pada Perusahaan Property Dan Real Estate Di Bursa Efek Indonesia. Volume 5 No.1, Februari 2020, 62-77.

Monica, L., Susanti, M., & Dewi, S. (2019). Faktor Yang Mempengaruhi Cash Holding Perusahaan. Jurnal Multiparadigma Akuntansi, 827-834.

Myers, S. C. & Majluf, N. S. (1984). Corporate Financing and Investment Decisions When Firms Have Information the Investors Do Not Have. NBER’s Research Program in Financial Markets and Monetary Economics.

Rehman, A. U., Ahmad, T., Hussain, S., & Hassan, S. (2021). Corporate Cash Holdings And Firm Life Cycle: Evidence From China. Journal Of Asia Business Studies, 625-642.

Romadhoni, R., Kufepaksi, M., & Hendrawaty, E. (2019). Faktor – Faktor Yang Mempengaruhi Cash Holding Perusahaan Yang Listing Di Bursa Efek Indonesia Tahun 2013-2017. The Manager Review, 124-139.

Setyaningrum, N., & Setiawat, E. (2021). Pengaruh Growth Opportunity, Net Working Capital, Cash Conversion Cycle Dan Dividend Payout Terhadap Cash Holding (Studi Empiris Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2018). Prosiding Seminar Nasional Ekonomi Dan Bisnis, 548-557.

Suherman. (2017). Faktor-Faktor Yang Mempengaruhi Cash Holdings Perusahaan Di Bursa Efek Indonesia. Jurnal Manajemen, 336-349.

Yanti, M. I., & Wati, E. (2018). Analisis Faktor-Faktor Yang Berpengaruh Terhadap Cash Holdings. Global Financial Accounting Journal, 32-40.