ANALISIS PENGARUH GROWTH OPPORTUNITY, NET WORKING CAPITAL, DAN CASH CONVERSION CYCLE TERHADAP CASH HOLDINGS PERUSAHAAN SEKTOR PERTAMBANGAN
ABSTRACT: This Research
investigates factors that
influence the Cash
Holdings level of public
listed mining companies.
The main aim
of this research
is to analyze
the relationships between Growth Opportunity, Net Working Capital, and
Cash Conversion Cycle with Cash
Holdings of public
listed mining companies.
The data used
in this research is
the data of
18 public listed
mining companies in
which collected through purposive sampling method by
criterions (1) Company with positive equity within 2009-2011 (2)
Company with total
assets growth below
or equal to
100% in period
2008-2011 (3) Company with cash/total assets rasio greater than zero and
below than 1 (0 < cash/total assets < 1) in 2009-2011.
This research employs
panel data regression
model due to
the data in
this research share the characteristic of panel data and fixed effect
model (FEM) is believed to be appropriate
model because the
value of intercept
in this research is
individually different. With Eviews 7, before conducting the goodness of
fit tests, the normality test and
redundant fixed effect
test is conducted
firstly to identify
whether the data
is normally distributed and to determine the appropriateness of fixed
effect model in this research.
Finally, the estimation
process is conducted
to present the
results of this research.
This study
shows that Growth
Opportunity, Net Working
Capital, and Cash Conversion Cycle simultaneously and
partially have significant
impact towards Cash Holdings
with 95% of
confidence level. Furthermore
the R-squared coefficient
shows that Growth Opportunity,
Net Working Capital,
and Cash Conversion
Cycle can give 88,89%
explanation to Cash Holdings.
Penulis: William, Syarief
Fauzi
Kode Jurnal: jpakuntansidd130179
