THE EFFECT OF PROFITABILITY, LAVERAGE, NET WORKING CAPITAL AND GROWTH OPPORTUNITY ON CASH HOLDING IN NON-CYCLICAL CONSUMER COMPANIES
Abstrak
This study purpose to determine and analyze the effect of Profitabilty, Leverage, Net Working Capital and Growth Opportunity on Cash Holding. The population in this study is Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange for the period of 2019-2022. The type of research used in this research is causal research. The sample of this research were 61 companies, the sample method use was purposive sampling. Testing data using multiple linier regression analysis with SPSS 23. Research result show that Return on Asset has a positive significant effect on Cash Holding with regression coefficient value of 0,003 and significant value of 0,000. Debt to Equity Ratio has a negative Insignificant effect on Cash Holding with regression coefficient value of -0,581 and significant value of 0,116. Net Working Capital has a positive significant effect on Cash Holding with regression coefficient value of 0,177 and significant value of 0,000. Growth Opportunity has a positive Insignificant effect on Cash Holding with regression coefficient value of 0,003 and significant value of 0,567.Referensi
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Arta, H. D. (2020). Pengaruh Leverage, Firm Size, Growth Opportunity, Net Working Capital dan Tangible Asset terhadap Cash Holding Perusahaan (Studi Empiris pada Perusahaan Manufakturing yang Listing di BEI Tahun 2015-2018). Jurnal Ekonomi, 10 (1), 24 - 36. https://dspace.uii.ac.id/handle/123456789/29293
Astuti, N., Ristiyana, R., & Nuraini, L. (2020). Faktor- Faktor Yang Mempengaruhi Cash Holding. Ekonomi Bisnis, 26(1), 243–252. https://doi.org/10.33592/jeb.v26i1.624
Christian, N., & Fauziah, F. (2017). Faktor-Faktor Penahanan Dana (Cash Holding). Global Financial Accounting Journal, 1(1), 13–24. https://journal.uib.ac.id/index.php/gfa/article/view/203
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Myers, C. S. (1984). The Capital Structure Puzzle. The Journal of Finance, 39(3), 575–592.
Veronica, V. (2020). Analisis faktor-faktor yang mempengaruhi cash holding perusahaan sebsektor properti dan real estate di Indonesia yang terdaftar pada BEi periode 2014-2018. Jurnal Universitas Atma Jaya Yogyakarta, 4(1), 1–23. https://e-journal.uajy.ac.id/22941/1/1603224521.pdf
Wahyuni, I., Soeratno, & Suyanto. (2017). Determinan Cash Holdings dan Excess Value. Jurnal Ilmiah Akuntansi Kesatuan, 5(1), 45–57. https://doi.org/10.37641/jiakes.v5i1.17
Wailan’ An, E. J., & Pandia, S. E. N. S. (2021). Peran Tax Avoidance Dalam Mengintervening Growth Opportunity, Leverage, Firm Size, dan Profitability Terhadap Cash Holding. Jurnal Ilmiah Akuntansi Kesatuan, 9(3), 451–460. https://doi.org/10.37641/jiakes.v9i3.884
Wiagustini, N. luh P. (2010). Dasar-Dasar Manajemen Keuangan. Udayana University Press.
Angelia, M. (2020). Pengaruh Profitability Dan Leverage Terhadap Cash Holding Dengan Tax Planning Sebagai Variabel Intervening. Jurnal Magister Akuntansi Trisakti, 7(2), 101–120. https://doi.org/10.25105/jmat.v7i2.7414
Arta, H. D. (2020). Pengaruh Leverage, Firm Size, Growth Opportunity, Net Working Capital dan Tangible Asset terhadap Cash Holding Perusahaan (Studi Empiris pada Perusahaan Manufakturing yang Listing di BEI Tahun 2015-2018). Jurnal Ekonomi, 10 (1), 24 - 36. https://dspace.uii.ac.id/handle/123456789/29293
Astuti, N., Ristiyana, R., & Nuraini, L. (2020). Faktor- Faktor Yang Mempengaruhi Cash Holding. Ekonomi Bisnis, 26(1), 243–252. https://doi.org/10.33592/jeb.v26i1.624
Christian, N., & Fauziah, F. (2017). Faktor-Faktor Penahanan Dana (Cash Holding). Global Financial Accounting Journal, 1(1), 13–24. https://journal.uib.ac.id/index.php/gfa/article/view/203
Gill, A., & Shah, C. (2012). Determinants of Corporate Cash Holdings: Evidence from Canada. International Journal of Economics and Finance, 4(1), 70–79. https://doi.org/10.5539/ijef.v4n1p70
Kusumawati, S., Hendra Ts, K., & Nurlaela, S. (2020). Determinan Cash Holding Pada Perusahaan Property and Real Estate Di Bursa Efek Indonesia. Jurnal Penelitian Ekonomi Dan Akuntansi (JPENSI), 5(1), 62–77. http://jurnalekonomi.unisla.ac.id/index.php/jpensi
Myers, C. S. (1984). The Capital Structure Puzzle. The Journal of Finance, 39(3), 575–592.
Veronica, V. (2020). Analisis faktor-faktor yang mempengaruhi cash holding perusahaan sebsektor properti dan real estate di Indonesia yang terdaftar pada BEi periode 2014-2018. Jurnal Universitas Atma Jaya Yogyakarta, 4(1), 1–23. https://e-journal.uajy.ac.id/22941/1/1603224521.pdf
Wahyuni, I., Soeratno, & Suyanto. (2017). Determinan Cash Holdings dan Excess Value. Jurnal Ilmiah Akuntansi Kesatuan, 5(1), 45–57. https://doi.org/10.37641/jiakes.v5i1.17
Wailan’ An, E. J., & Pandia, S. E. N. S. (2021). Peran Tax Avoidance Dalam Mengintervening Growth Opportunity, Leverage, Firm Size, dan Profitability Terhadap Cash Holding. Jurnal Ilmiah Akuntansi Kesatuan, 9(3), 451–460. https://doi.org/10.37641/jiakes.v9i3.884
Wiagustini, N. luh P. (2010). Dasar-Dasar Manajemen Keuangan. Udayana University Press.
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