Angelika, Shery (2023) PENGARUH LIQUIDITY, NET WORKING CAPITAL, DAN GROWTH OPPORTUNITY TERHADAP CASH HOLDING PADA SEKTOR INDUSTRI CONSUMER NON-CYCLICALS YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2022. Skripsi thesis, Universitas Tarumanagara.
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Abstract
ABSTRACT Cash holding can act as a safeguard and play a crucial part in companies, particularly in covering operational expenses. On the other hand, holding an excessive amount of cash also has disadvantages, as it can lead to missed profit opportunities since idle cash does not generate income. This study aims to analyse the impact of liquidity, net working capital, and growth opportunity on cash holding of consumer non-cyclicals companies listed on the Indonesia Stock Exchange (BEI) in 2020-2022. The sample selection in this study was carried out through purposive sampling, resulting in a total of 118 data included in the research sample. This study uses the panel data analysis method with multiple linear regression analysis. The results show that liquidity and net working capital have a positive and significant effect on cash holding, while growth opportunity does not affect cash holding. It is concluded that management of non-cyclical consumer companies must pay more attention to liquidity and net working capital to maintain cash holdings. The implications of this research show the importance of maintaining liquidity and working capital rather than paying attention to company growth opportunities, because growth will be easily achieved if you have adequate cash holdings. Keywords: Cash Holding, Growth Opportunity, Liquidity, Net Working Capital, Non-Cyclical Industry ABSTRAK Kepemilikan kas dapat bertindak sebagai pengaman dan memainkan peran penting bagi perusahaan, terutama untuk membiayai operasional. Di sisi lain, memegang uang tunai dalam jumlah yang berlebihan juga memiliki kelemahan, karena dapat menyebabkan hilangnya peluang keuntungan karena kas yang menganggur tidak menghasilkan pendapatan. Penelitian ini bertujuan untuk menganalisis pengaruh liquidity, net working capital, dan growth opportunity terhadap cash holding pada perusahaan sektor industri consumer non-cyclicals yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2020-2022. Pemilihan sampel dalam penelitian ini dilakukan melalui purposive sampling, sehingga menghasilkan total 118 data yang masuk dalam sampel penelitian. Penelitian ini menggunakan metode analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa liquidity dan net working capital berpengaruh positif dan signifikan terhadap cash holding, sedangkan growth opportunity tidak berpengaruh terhadap cash holding. Disimpulkan bahwa manajemen perusahaan sektor industri consumer non-cyclicals harus lebih memperhatikan liquidity dan net working capital untuk mempertahankan cash holding. Implikasi dari penelitian ini menunjukkan pentingnya menjaga liquidity dan net working capital daripada memperhatikan growth opportunity perusahaan, karena pertumbuhan akan mudah dicapai jika perusahaan memiliki cash holding yang memadai. Kata Kunci: Cash Holding, Growth Opportunity, Liquidity, Net Working Capital, Non-Cyclical Industry
| Item Type: | Thesis (Skripsi) |
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| Subjects: | Skripsi/Tugas Akhir Skripsi/Tugas Akhir > Fakultas Ekonomi |
| Divisions: | Fakultas Ekonomi > Akuntansi |
| Depositing User: | FE Perpus |
| Date Deposited: | 05 Aug 2024 06:58 |
| Last Modified: | 05 Aug 2024 06:58 |
| URI: | http://repository.untar.ac.id/id/eprint/43715 |
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