PENGARUH LEVERAGE, FIRM SIZE DAN NET WORKING CAPITAL TERHADAP CASH HOLDING
Main Article Content
Abstract
The discussion in this research was carried out in order to know if leverage, firm size, and net working capital has an effect to cash holding in consumer non-cyclical sector listed on the Indonesia Stock Exchange (IDX) for the 2019 – 2021 period. The research used 62 samples and 186 data which were selected using purposive sampling. Research data were processed using Eviews 12. Based on the result of data processing, firm size has. Meanwhile, leverage and net working capital have a negative effect on cash holding.
Article Details

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
Chireka, T., & Fakoya, M. B. (2017). The Determinants of Corporate Cash Holdings Levels: Evidence From Selected South African Retail Firms. Investment Management and Financial Innovations, 14(2).
Durbin, J., & Watson, G. S. (1951). Testing for Serial Correlation in Least Squares Regression. II. 38(1–2), 159–178.
Field, A. (2017). Discovering Statistics Using IBM SPSS Statistics (5th ed.). Sage Publication.
Guizani, M. (2017). The Financial Determinants of Corporate Cash Holdings in an Oil Rich Country: Evidence From Kingdom of Saudi Arabia. Borsa Istanbul Review, 17(3), 133–143.
Hery. (2018). Analisis Laporan Keuangan : Integrated and Comprehensive Edition (Adipramono (ed.); 3rd ed.). PT Gransindo.
Irwanto, Sia, S., Agustina, & An, E. J. W. (2019). Faktor yang Mempengaruhi Cash Holding dan Nilai Perusahaan Manufaktur. Jurnal Wira Ekonomi Mikroskil, 9(2), 147–158.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, V(4), 305–360.
Kasmir. (2018). Analisis Laporan Keuangan. Rajawali Pers.
Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2018). Intermediate Accounting IFRS Edition (3rd ed.). John Wiley & Sons.
Kusumawati, A., & Mardiati, E. (2019). Analisis Faktor-Faktor yang Mempengaruhi Cash Holding Perusahaan Jasa yang Terdaftar di BEI (Studi Kasus Pada Perusahaan Jasa Sektor Infrastruktur, Utilitas dan Transportasi Tahun 2015-2018). 8(1).
Martin. (2020). Analisis Pengaruh Net Working Capital, Cash Conversion Cycle, Ukuran Perusahaan, dan Leverage Terhadap Cash Holding pada perusahaan Sektor Industri Dasar dan Kimia. FinAcc, 4(11), 1710–1721.
Maulana, M. H., Cheria, M., Halim, C., Gea, W. W. S., & Afiezan, H. A. (2022). Analisis Faktor – Faktor yang Mempengaruhi Nilai Cash Holding Pada Perusahaan Sektor Industri Konsumsi. Owner: Riset & Jurnal Akuntansi, 6(1).
Modigliani, F., & Miller, M. H. (1958). The Cost of Capital, Corporation Finance and the Theory of Investment. The American Economic Review, 48(3), 261–297.
Myers, S. C., & Majluf, N. S. (1984). Corporate Financing and Investment Decisions when Firms have Information that Investors do not have. Journal of Financial Economics, 13(2), 187–221.
Novitasari, R., & Krisnando. (2021). Pengaruh Struktur Modal, Pertumbuhan Perusahaan, dan Firm Size terhadap Nilai Perusahaan Pada Perusahaan Consumer Goods yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2017-2020. Jurnal Akuntansi Dan Manajemen, 18(2).
Padademang, A. M. (2018). Pengaruh Net Working Capital, Cash Conversion Cycle, Firm Size, dan Leverage Terhadap Cash Holding. In Search, 17(2).
Rabbani, A. (2022). Pengertian Net Working Capital, Komponen, Faktor, Formula, dan Manfaatnya. Sosial79.
Rasyid, R., & Aldri, K. (2021). Faktor-Faktor yang Mempengaruhi Cash Holding pada Sub Sektor Industri Barang Konsumsi.
Rizkimaputri, A. H. (2017). Pengaruh Net Working Capital, Cash Conversion Cycle, Capital Expenditure, dan Short Term Debt Terhadap Cash Holding Pada Perusahaan Property & Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2011 - 2015. Universitas Negeri Jakarta.
Saputri, E., & Kuswardono, A. (2019). Pengaruh Profitabilitas, Leverage, Firm Size, dan Growth Opportunity Terhadap Cash Holding Perusahaan (Studi Kasus Perusahaan Manufaktur yang Terdaftar Pada Bursa Efek Indonesia Periode Tahun 2013-2017). Journal of Entrepreneurship, Management, and Industry, 2(2), 91–104.
Selcuk, E. A., & Yilmaz, A. A. (2017). Determinants of Corporate Cash Holdings: Firm Level Evidence from Emerging Markets. In Global Business Strategies in Crisis: Strategic Thinking and Development (pp. 417–428). Springer, Cham.
Suherman. (2017). Faktor-Faktor yang Mempengaruhi Cash Holdings Perusahaan di Bursa Efek Indonesia. Jurnal Manajemen, 21(3), 336–349.