The Determinants of Corporate Cash Holding in Indonesia: Manufacturing Company | Zendy

Muhammad Ilham Prasetyo Sitorus | Zendy; Ika Pratiwi Simbolon | Zendy; Andrianantenaina Hajanirina | Zendy

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The Determinants of Corporate Cash Holding in Indonesia: Manufacturing Company

Author(s) -

Muhammad Ilham Prasetyo Sitorus,

Ika Pratiwi Simbolon,

Andrianantenaina Hajanirina

Publication year - 2020

Publication title -

jaaf (journal of applied accounting and finance)

Language(s) - English

Resource type - Journals

eISSN - 2615-8051

pISSN - 2580-1791

DOI - 10.33021/jaaf.v4i2.1243

Subject(s) - business , cash flow , leverage (statistics) , operating cash flow , stock exchange , cash management , cash on cash return , cash flow forecasting , volatility (finance) , nonprobability sampling , finance , capital expenditure , debt , cash flow statement , monetary economics , working capital , financial system , population , cash and cash equivalents , economics , demography , machine learning , sociology , computer science

This research has the purpose of analyzing the cash flow, capital expenditures, liquid assets, tangible assets, bank debt, firm size, research and development, growth opportunities, leverage, cash flow volatility, managerial ownership toward cash holding. The population in this research are all manufacturing firms listed on the Indonesia Stock Exchange (IDX). The sampling technique uses a purposive sampling method, and 78 observations have obtained from 26 companies for the 2016-2018 period. The method used in this research is quantitative. The results of this study indicate that liquid assets, tangible assets, and leverage have significant impact on cash holdings. In contrast, cash flow, bank debt, capital expenditure, firm size, research and development, growth opportunities, cash flow volatility, and managerial ownership do not have significant impact on cash holding.

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