Calvina, Calvina (2019) FAKTOR PENENTU CORPORATE CASH HOLDING PERUSAHAAN MANUFAKTUR DI BEI. Skripsi thesis, Universitas Tarumanagara.
![[img]](http://repository.untar.ac.id/style/images/fileicons/text.png) |
Text
Calvina 115150076 Abstrak.pdf Download (2MB) |
Abstract
Liquidity management is the priority agenda from CFOs, survey proved that ¾ most contributed corporate financial functions towards corporate value creation related to liquidity management. Cash holding is the most common form to reflect firm’s liquidity. Most Indonesia firm’s manager agreed that corporate hold an optimal amount of cash which maximize shareholders’ wealth and operational performance. This study aims to test empirically whether growth opportunities, leverage, cash flow volatility, capital expenditure, and corporate governance have an impact towards corporate cash holding. Total of 243 observations originated from 81 listed manufacturing firms in Indonesia Stock Exchange over the 2015- 2017 period. Generalized Least Square estimation based on fixed effect model were applied to test the hypothesis. Leverage and capital expenditure are found to have negative and significant impact toward corporate cash holding. While growth opportunity, cash flow volatility, and corporate governance with board independence as its proxy is found to have positive and significant impact to corporate cash holding. Further research is expected to have broaden research subject and period, along with other independent variables.
| Item Type: | Thesis (Skripsi) |
|---|---|
| Subjects: | Skripsi/Tugas Akhir Skripsi/Tugas Akhir > Fakultas Ekonomi |
| Divisions: | Fakultas Ekonomi > Manajemen |
| Depositing User: | FE Perpus |
| Date Deposited: | 26 Apr 2021 02:12 |
| Last Modified: | 26 Apr 2021 02:12 |
| URI: | http://repository.untar.ac.id/id/eprint/21479 |
Actions (login required)
 |
View Item |
