ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KEBIJAKAN CASH HOLDING PADA PERUSAHAAN MANUFAKTUR YANG LISTING DI BURSA EFEK INDONESIA TAHUN 2010-2014
ABSTRACT: This
research aims to analyze and provide empirical evidence related to the effect
of firm size (SIZE), leverage (LEV), cash flow (CF), net working capital (NWC),
and Dividend Payment (DPR) to cash holding (CHD) manufacture companies listed
on the Indonesia Stock Exchange in 2010 – 2014. This research uses secondary
data collected from the Indonesian Stock Exchange (IDX). The data used in the form
of financial statement data manufacture company from 2010 – 2014. Of the 144
manufacture company, acquired 83 companies sampled in this study. Data were
analyzed using multiple linear regression analysis. Based on the results of
hypothesis testing through the F test, indicating that the variable SIZE, LEV,
CF, NWC, and DPR simultaneous effect on CHD. Then through the t test showed
that the SIZE, CF, and DPR variable have significant positive effect on CHD.
LEV variable have significant negative effect on CHD. NWC variable has negative
but not significant effect on CHD.
Keywords: cash
holding, firm size, leverage, cash flow, net working capital, dividend payment
Penulis: Saleh Afif, Prasetiono
