scholarly journals The effect of corporate governance and accruals quality on the corporate cash holdings: study on the manufacturing companies in Indonesian Stock Exchange

2018 ◽  
Vol 16 (151) ◽  
pp. 415-424
Author(s):  
Anggita Langgeng WIJAYA ◽  
◽  
BANDI ◽  
Keyword(s):  
Corporate Governance ◽  
Stock Exchange ◽  
Cash Holdings ◽  
Manufacturing Companies ◽  
Accruals Quality ◽  
Corporate Cash Holdings

scholarly journals The Effect of Leverage on Corporate Cash Holdings: Evidence from Indonesian Manufacturing Firms

2018 ◽  
Vol 9 (2) ◽  
pp. 61-72
Author(s):  
Anggita Langgeng Wijaya ◽  
Name Bandi
Keyword(s):  
Sampling Method ◽  
Stock Exchange ◽  
Cash Holdings ◽  
Negative Influence ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Multiple Regressions ◽  
The Impact ◽  
Corporate Cash Holdings ◽  
Study Hypothesis

The objective of this research is to test the impact of leverage on corporate cash holdings for sample of manufacturing companies enlisted on the Indonesian Stock Exchange over the period 2006-2007. Population of this research is all of manufacturing companies on the Indonesian Stock Exchange. The sampling method is purposive. The study hypothesis was tested using multiple regressions. The results show that leverage has a negative influence on corporate cash holdings. Indonesian manufacturing firms with high leverage can hold cash in small amounts because debt is a substitute for corporate cash holdings.

scholarly journals Corporate Governance, Capital Expenditure Dan Cash Holdings

2019 ◽  
Vol 24 (1) ◽  
pp. 1
Author(s):  
Yanti, Liana Susanto, Henny Wirianata, Viriany
Keyword(s):  
Corporate Governance ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Cash Holdings ◽  
Secondary Data ◽  
Institutional Ownership ◽  
Financial Statements ◽  
Cash Holding ◽  
Manufacturing Companies ◽  
Negative Effect

This study aims to obtain empirical evidence about the effect of Corporate Governance and Capital Expenditure on Cash Holding. This study use secondary data from financial statements of manufacturing companies listed on the Indonesia Stock Exchange in 2014-2016. The structure of Corporate Governance is measured using independent commissioners, board of commissioners, and institutional ownership. The analytical method used in this study is multiple regression analysis which is processed with the E-Views program. The results of this study indicate that independent commissioners, board size, and institutional ownership partially have no significant effect on cash holding. While Capital Expenditure has a significant and negative effect on cash holding.

scholarly journals The Analysis Effect of Leverage, Asymmetric Information and Corporate Governance to Firm Value in Manufacture Companies Listed in Indonesia Stock Exchange

2019 ◽  
Vol 2 (1) ◽  
pp. 89-96
Author(s):  
Lisa Tyas Octaviana ◽  
Sri Hasnawati ◽  
Ernie Hendrawaty
Keyword(s):  
Corporate Governance ◽  
Asymmetric Information ◽  
Firm Value ◽  
Stock Exchange ◽  
Cash Holdings ◽  
Board Independence ◽  
Manufacturing Companies ◽  
Financial Report ◽  
Company Value ◽  
The Right

Company value or Firm value is a certain condition that has been achieved by the company as an illustration of public trust and shareholders towards the company after going through an activity process for several years, since the company was first established until now. This study aims to determine the effect that occurs between Leverage, Asymmetric Information, and Corporate Governance on the Firm Value through Cash Holdings as a mediating variable. The data used in this study are published financial report from 33 manufacturing companies in the Consumer Goods Industry Sector listed on the Indonesia Stock Exchange from 2011 - 2017. The conclusion of this study is that cash holdings are only able to mediate the influence of corporate governance with a proxy proportion of the board independence on firm value. Directly cash holding and corporate governance with a proxy proportion of the number of independent commissionersalso influence the firm value while leverage, asymmetric information and corporate governance with a proxy percentage of the number of share ownership by managerial do not directly affect the firm value of the company. So as to increase the value of the company, companies should determine the proportion of the right amount of board independence so it can create good corporate governance that can increase value of the company.

scholarly journals Corporate Governance, Cash holdings and Value of a Firm: Evidence from Australian Firms

2012 ◽  
Vol 4 (12) ◽  
pp. 606-614 ◽  
Author(s):  
Subba Reddy Yarram
Keyword(s):  
Corporate Governance ◽  
Financial Reporting ◽  
Significant Influence ◽  
Stock Exchange ◽  
Cash Holdings ◽  
Board Independence ◽  
Board Structure ◽  
Average Return ◽  
Actual Return ◽  
Corporate Cash Holdings

The present study analyses influence of board structure and cash holdings on the value of Australian firms for the period 2004 to 2010. Australian Stock Exchange (ASX) adopted the Principles of Good Corporate Governance Guidelines in 2003 and Australian firms have started adopting these principles starting 2004. Similarly the reporting framework of Australian firms is harmonized with the rest of the world with adoption of Australian International Financial Reporting Standards (AIFRS) starting in 2004. Corporate cash holdings despite their significance have not been considered extensively in prior literature outside the US. Cash holdings may have significant influence on the value of the firm as too much excess cash may lead to misuse of these funds by entrenched managers. Corporate governance has a role to play in maintaining appropriate cash holdings and their use. The present has two objectives: it considers the influence of corporate cash holdings on the value of Australian firms; and it examines the role of board structure on the relationship between cash holdings and value of the firm. The present study considers all non-financial firms that are part of the All Ordinaries Index (AOI). The present study constructs Fama French 25 portfolio and estimate the excess return as the difference between actual return and the average return of the relevant FF portfolio. OLS analyses show that board independence has no significant impact on the value of the firm though cash holdings have significant influence. Analysing using panel data methods however unearth the significant influence of board independence on the value of Australian firms.

Pengaruh Kinerja Keuangan dan Good Corporate Governance (GCG) Terhadap Nilai Perusahaan

MBIA ◽  
2019 ◽  
Vol 17 (2) ◽  
pp. 1-10
Author(s):  
Rolia Wahasusmiah
Keyword(s):  
Corporate Governance ◽  
Firm Value ◽  
Sampling Method ◽  
Total Population ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Positive Influence ◽  
Manufacturing Companies ◽  
Good Corporate Governance

This study aims to determine the effect of financial performance and good corporate governance (GCG) on the value of companies in manufacturing companies listed on the stock exchange Indonesia. The type of data used is secondary data in the form of annual report 2016. Population used in this study are all companies listed on the Indonesia Stock Exchange (BEI). This research uses purposive sampling method with total population of 144 companies and sample of 31 companies. The results show that simultaneously ROA, OPM, NPM, KM, and KI have a positive influence on firm value. While partially ROA  have a positive influence on firm value. While OPM, NPM, KM, and KI have no positive influence on firm value).

PENGARUH KONSERVATISMA AKUNTANSI TERHADAP EARNINGS RESPONSE COEFFICIENT (ERC) DENGAN CORPORATE GOVERNANCE SEBAGAI VARIABEL PEMODERASI

2008 ◽  
Author(s):  
Olliza Mayesti ◽  
Resti Yulistia Muslim
Keyword(s):  
Corporate Governance ◽  
Stock Exchange ◽  
Negative Influence ◽  
Accounting Conservatism ◽  
Managerial Ownership ◽  
Net Income ◽  
Manufacturing Companies ◽  
Earnings Response Coefficient ◽  
Response Coefficient ◽  
Earnings Response

The objective of this study is to examine whether corporate governance influence the relation between accounting conservatism and Earnings Response Coefficient (ERC). The accounting conservatism proxy used in this research is accruals obtained from differences between net income and cash flow. Sample consists of 31 manufacturing companies that listed in Indonesian Stock Exchange since 2003­2006. Hypotheses are examined by using multiple regressions. The result shows that there is a negative influence of accounting conservatism to Earnings Response Coefficient. Managerial ownership as a moderating variable did not affect the relation between accounting conservatism and Earnings Response Coefficient, but independent board of commissioner composition as a moderating variable affected the relation between accounting conservatism and Earnings Response Coefficient.

Accruals quality and corporate cash holdings

2009 ◽  
Vol 49 (1) ◽  
pp. 95-115 ◽  
Author(s):  
Pedro J. García-Teruel ◽  
Pedro Martínez-Solano ◽  
Juan Pedro Sánchez-Ballesta
Keyword(s):  
Cash Holdings ◽  
Accruals Quality ◽  
Corporate Cash Holdings

scholarly journals FINANCIAL PERFORMANCE: THE ROLE OF GOOD CORPORATE GOVERNANCE (CASE STUDY IN THE MANUFACTURING COMPANIES OF BASIC AND CHEMICAL INDUSTRIAL SECTORS REGISTERED ON THE INDONESIA STOCK EXCHANGE 2016-2018)

2020 ◽  
Vol 18 (2) ◽  
pp. 36
Author(s):  
Ari Susanti ◽  
Sri Lestari
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Board Of Directors ◽  
Quantitative Research ◽  
Audit Committee ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Financial Reports ◽  
Industrial Sectors ◽  
Good Corporate Governance

This study aims to examine the effect of implementing good corporate governance as measured by an independent board of commissioners, board of directors, and audit committee on financial performance measured using Return of Equity (ROE). This research uses quantitative research. The population in this study are manufacturing companies in the basic and chemical industry sectors that consistently publish financial reports on the Indonesia Stock Exchange from 2016 to 2018. Based on the purposive sampling method, a sample of 11 companies is obtained each year to obtain 33 observational data. The data in this study use warpPLS 6.0 software. The results of this study indicate that the independent board of commissioners, the board of directors affect the financial performance, while the audit committee has no effect on financial performance.

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