PENGARUH CASH HOLDINGS TERHADAP NILAI PERUSAHAAN
Abstract: This research
investigates the relationship between firm value and cash holdings. Firm value
in this research represent the perception of investors about firm profitability
which measured by Tobin’s Q and MV/TA. The population in this research includes
all manufacture firms listed on the Bursa Efek Indonesia (BEI) over the period
2011- 2013. The samples conducted by purposive sampling method. Total 75 firms
is obtained. Data are analyzed by data panel regression technique. Result shows
that manufacture firm in Indonesia doesn’t apply optimal cash holdings. This
research support the pecking order theory that report there is no optimal cash
holdings. Firm’s cash holdings in the end of period would just be the residual
of firm operating activities.
Penulis: Albertus Bayu, Aditya
Septiani
Kode Jurnal: jpakuntansidd150787
