Open AccessFAKTOR-FAKTOR YANG MEMPENGARUHI CASH HOLDINGS PERUSAHAAN DI BURSA EFEK INDONESIA
Author(s) -
Suherman Suherman
Publication year - 2017
Publication title -
jurnal manajemen - fakultas ekonomi universitas tarumanagara/jurnal manajemen
Language(s) - English
Resource type - Journals
eISSN - 2549-8797
pISSN - 1410-3583
DOI - 10.24912/jm.v21i3.255
Subject(s) - cash flow , market liquidity , cash conversion cycle , business , stock exchange , cash on cash return , operating cash flow , leverage (statistics) , cash flow forecasting , monetary economics , working capital , cash flow statement , cash and cash equivalents , cash , cash management , free cash flow , financial system , finance , economics , mathematics , statistics
The purpose of this study is to examine determinants of cash holdings of non-financial firms listed on Indonesia Stock Exchange between 2012 and 2015. Sample of this research covers 328 firms (1312 observations). This research employs fixed effect model. The results show that net working capital and sales growth have positive effects on cash holding, while firm size has negative effect. Cash flow, cash flow variability, cash conversion cycle, liquidity, leverage do not affect the cash holdings.