ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CASH HOLDING PADA PERUSAHAAN MANUFAKTUR DI INDONESIA

Abstract

The purpose of this research is to examine the effect of profitability, capital expenditure, net working capital, leverage, and cash flow on cash holding of listed manufacturing companies in Indonesian Stock Exchange period 2016-2018. This model research are analyze with Fixed Effect Model (FEM). This research uses purposive sampling method. Samples in this research are 34 manufacturing companies and also use multiple regression analysis in this research. The results of this research show that net working capital and leverage have a significant negative effect on cash holding while profitability, capital expenditure, and cash flow have insignificant effect on cash holding.