Pengaruh Leverage, Ukuran Perusahaan, dan Nilai Perusahaan Terhadap Cash Holding

Nurwani Nurwani

Abstract


Cash is a liquid part of current assets to be used in improving company performance, especially earning profits and paying corporate liabilities. The purpose of this research was to examine the influence leverage, firm size, and firm value on cash holding partially and simultaneously. The population of this research was plastics and packaging subsector manufacture companies listed in the Indonesia Stock Exchange in the period of 2014- 2019. The sample of research amount to 5 companies selected by using purposive sampling technique. The data were processed by using multiple linear regression analysis. The result of the research showed that leverage and firm value had influence significant on cash holding partially, while firm size had no influence significant on cash holding partially. Finally, leverage, firm size, and firm value had influence significant on cash holding simultaneously.

 

Keywords : Leverage, Firm Size, Firm Value, Cash Holding


Full Text:

PDF

References


Angelia, Mendy. 2020. Pengaruh Profitabilitas dan Leverage Terhadap Cash Holding dengan Tax Planning Sebagai Variabel Intervening. Jurnal Magister Akuntansi Trisakti, Vol. 7, 101–120.

Angelia, Mendy dan Susi Dwimulyani. 2019. Profitabilitas, Leverage dan Firm Size Mempengaruhi Cash Holding dengan Tax Avoidance Sebagai Variabel Intervening. Prosiding Seminar Nasional Pakar ke 2, Buku 2, 2461–24611.

Ariana, Dana., Michael Hadjaat, dan Rizky Yudaruddin. (2018). Pengaruh Cash Flow, Expenditure, dan Nilai Perusahaan Terhadap Cash Holding Pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2012-2015. Jurnal Manajemen, Vol. 10, 7–13.

Bursa Efek Indonesia. 2019. Laporan Keuangan Perusahaan Manufaktur Subsektor Plastik dan Kemasan yang Terdaftar di Bursa Efek Indonesia Periode 2014-2019. Diakses dari Bursa Efek Indonesia: http://www.idx.co.id.

Damayanti, Dian Sasmita Ayu dan Tony Sudirgo. 2020. Faktor-Faktor yang Mempengaruhi Cash Holding Pada Perusahaan Manufaktur. Jurnal Multiparadigma Tarumanagara, Vol. 2, 1076–1085.

Gill, Amarjit and Charul Shah. 2012. Determinants of Corporate Cash Holdings: Evidence from Canada. International Journal of Economics and Finance, Vol. 4, pp. 70-79.

Ghozali, Imam. 2018. Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Edisi 9, Cetakan Sembilan. Semarang: Badan Penerbit Universitas Diponegoro.

Husnan, Suad dan Enny Pudjiastuti. 2015. Dasar-Dasar Manajemen Keuangan. Yogyakarta : UPP STIM YKPN.

Irwanto., Steven Sia., Agustina., dan Evi Juita Wailan An. 2019. Faktor yang Mempengaruhi Cash Holding dan Nilai Perusahaan Manufaktur. Jurnal Wira Ekonomi Mikroskil, Vol. 9, 147–158.

Jensen, M. 1986. Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers. American Economic Review, 76, pp. 323-329.

Kasmir. 2015. Analisis Laporan Keuangan. Edisi 9, Cetakan Kedelapan. Jakarta: RajaGrafindo Persada.

Liadi, Cicilia C. dan I Ketut Suryanawa. 2018. Pengaruh Ukuran Perusahaan, Net Working Capital, Cash Flow, dan Cash Conversion Cycle pada Cash Holding. E-Jurnal Akuntansi Universitas Udayana, Vol. 24, 1474-1502.

Monica, Leonita., Merry Susanti., dan Syanti Dewi. 2019. Faktor yang Mempengaruhi Cash Holding Perusahaan Manufaktur di BEI. Jurnal Multiparadigma Akuntansi, Vol. 1, 827-834.

Saputri, Erdian dan Anon Kurwardono. 2019. Pengaruh Profitabilitas, Leverage, Firm Size, dan Growth Opportunity Terhadap Cash Holding Perusahaan (Studi Kasus Perusahaan Manufaktur yang Terdaftar Pada Bursa Efek Indonesia Periode Tahun 2013-2017). Journal of Entrepreneurship, Management, and Industry, Vol. 2, 91-104.

Simanjuntak, Saul Fernando dan A. Sri Wahyudi. 2017. Faktor-Faktor yang Mempengaruhi Cash Holding Perusahaan. Jurnal Bisnis dan Akuntansi, Vol. 19, 25-31.

Subramanyam et al, 2011. Firm Structure and Corporate Cash Holdings. Journal of corporate finance. Vol 17.

Sumartha, Melson dan F.X. Kurniawan Tjakrawala. 2019. Pengaruh Profitabilitas, Leverage, Firm Size, dan Growth Opportunity Terhadap Cash Holding Perusahaan (Studi Kasus Perusahaan Manufaktur yang Terdaftar Pada Bursa Efek Indonesia Periode Tahun 2013-2017). Journal of Entrepreneurship, Management, and Industry, Vol. 2, 91-104.

Sutrisno, Bambang. 2017. Hubungan Cash Holding dan Nilai Perusahaan di Indonesia. Journal Dinamika Akuntasni dan Bisnis (JDAB), Vol. 4, 45-56.

Wijaya, Stefanus Hermawan dan Bangun, Nurainun. 2019. Pengaruh Arus Kas, Leverage, dan Ukuran Perusahaan Terhadap Cash Holding. Jurnal Multiparadigma Akuntansi. Vol. I, 495-504.




DOI: https://doi.org/10.53695/ja.v2i2.162

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 Jurnal AKMAMI (Akuntansi Manajemen Ekonomi)

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

           

 

Lisensi Creative Commons


Ciptaan disebarluaskan di bawah Lisensi Creative Commons Atribusi-NonKomersial-BerbagiSerupa 4.0 Internasional.