scholarly journals Debt to Asset Ratio, Growth Opportunity dan Cash Flow Terhadap Cash Holding pada Perusahaan Consumer Goods

2021 ◽  
Vol 5 (2) ◽  
pp. 288
Author(s):  
Alfira Alfira ◽  
Rasita Rasita ◽  
Jenny Alvina ◽  
Cindy Khorico ◽  
Maya Agustina Tanjung
Keyword(s):  
Cash Flow ◽  
Consumer Goods ◽  
Cash Holding ◽  
Growth Opportunity

Terjadinya peningkatan kebangkrutan yang memicu ambruknya sejumlah lembaga peminjaman, dan berimbas keseluruh dunia. Selain itu, krisis moneter pada tahun 1998 juga terjadi karena perusahaan yang meminjam dalam dolar harus menghadapi biaya yang lebih tinggi dalam membayar hutangnya karena pada saat itu dolar menguat hingga menyentuh level Rp 14.150, akibatnya perusahaan tidak mampu membayar hutangnya dan bangkrut. Penelitian ini bertujuan untuk menganalisis Debt to Asset Ratio, Growth Opportunity dan Cash Flow terhadap Cash Holding yang dilakukan pada sektor Consumer Goods yang indeksnya tercatat di Bursa Efek Indonesia pada periode penelitian 2015-2019. Penelitian ini merupakan penelitian kuantitatif yang menggunakan data sekunder laporan keuangan yang didapatkan dari laporan keuangan atau tahunan perusahaan consumer goods. Pengolahan datanya menggunakan teknik analisis regresi linear berganda. Hasil penelitian menunjukkan DAR dan Growth Opportunity memberi pengaruh yang negatif terhadap cash holding sedangkan variabel lainnya yaitu cash flow memberi pengaruh yang positif terhadap cash holding. Maka, secara individual maupun serempak DAR, growth opportunity dan cash flow memberi pengaruh yang berarti pada cash holdingnya. Implikasi penelitian ini diharapkan dapat membantu perusahaan dalam mengelola kas dengan baik.

scholarly journals Faktor-Faktor yang Mempengaruhi Jumlah Pemegangan Kas Diperusahaan

2015 ◽  
Vol 3 (1) ◽  
pp. 97-112
Author(s):  
Ajeng Andriani Hapsari
Keyword(s):  
Cash Flow ◽  
Capital Expenditure ◽  
Cash Holding ◽  
Model Data ◽  
Working Capital ◽  
Growth Opportunity ◽  
Purposive Sample

Penelitian ini bertujuan untuk menguji pengaruh beberapa faktor pemegangan kas Badan Usaha Milik Negara (BUMN) periode 2009-2013. Penelitian ini merupakan penelitian yang bertipe deskriptif dan verifikatif dengan teknik purposive sampel. Metode pengumpulan data menggunakan model data panel. Hasil yang diperoleh adalah ukuran perusahaan, growth opportunity, cash flow dan capital expenditure berpengaruh positif tetapi tidak signifikan pada pemegangan kas perusahaan. Sementara itu, leverage dan dividen berpengaruh negative dan tidak signifikan pada pemegangan kas perusahaan. Sehingga dapat disimpulkan bahwa net working capital dan return on asset yang berpengaruh positif dan signifikan pada pemegangan kas perusahaan. Kata Kunci : Cash Holding, BUMN, Data Panel,Purposive Sample

scholarly journals ANALISIS DETERMINAN TINGKAT CASH HOLDING PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2019

2020 ◽  
Vol 1 (1) ◽  
pp. 524-530
Author(s):  
Siti Masrifah ◽  
R. Bambang Dwi Wiryanto ◽  
Fauziyah
Keyword(s):  
Real Estate ◽  
Cash Flow ◽  
Firm Size ◽  
Cash Holding ◽  
Working Capital ◽  
Board Size ◽  
Cash Conversion Cycle ◽  
Capital Growth ◽  
Growth Opportunity ◽  
Size Growth

Untuk menguji dan mendapati dampak dari tiap variabel terhadap peraturan cash holding (kas ditangan) di industri properti yang tercatat pada Bursa Efek Indonesia (BEI) 2015-2019 ialah tujuan penelitian ini. Sebanyak 20 perusahaan properti menjadi sampel dalam penelitian. Kajian data yang dimanfaatkan yaitu, regresi linier berganda menggunakan metode kuantitatif dengan program SPSS release 23.0. Hasil penelitian : (1) cash flow, firm size, dan cash corversion cycle secara parsial tidak berdampak signifikan pada cash holding; (2) net working capital, growth opportunity, leverage, dan board size  secara parsial berdampak signifikan atas cash holding; (3) cash flow, net working capital, firm size, growth opportunity, leverage, board size, dan cash conversion cycle secara simultan berdampak pada cash holding (kas ditangan) perusahaan property dan real estate yang tercatat pada Bursa Efek Indonesia (BEI) 2015-2019

scholarly journals PENGARUH NILAI PERUSAHAAN, KESEMPATAN BERTUMBUH PERUSAHAAN DAN ARUS KAS OPERASI TERHADAP RETURN SAHAM DIMASA YANG AKAN DATANG

2019 ◽  
Vol 10 (2) ◽  
pp. 149
Author(s):  
Seto Makmur Wibowo
Keyword(s):  
Multiple Regression ◽  
Cash Flow ◽  
Consumer Goods ◽  
Firm Value ◽  
Stock Return ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Growth Opportunity ◽  
Operating Cash Flow ◽  
Consumer Goods Industry

<p class="Style1"><em>This study aims to analyze the iqfluence offirm value, the opportunity to grow </em><em>the company and future operating cash flow to future stock return. The population of </em><em>this study is manufacturing companies listed in Indonesia Stock Exchange. The samples </em><em>used were 23 companies which include consumer goods industry which published a </em><em>report in 2009-2012. The results of this study using multiple regression showed that the </em><em>firm value and operating cash flow has no effect on Future Stock Return. But the </em><em>company's growth opportunity has a positive and significant impact on Future Stock </em><em>Return</em></p><p class="Style1"><strong><em><br /></em></strong><strong><em></em></strong></p>

scholarly journals Analisis Faktor – Faktor yang Mempengaruhi Nilai Cash Holding Pada Perusahaan Sektor Industri Konsumsi yang Terdaftar di BEI

Owner ◽  
2022 ◽  
Vol 6 (1) ◽  
pp. 31-42
Author(s):  
Mhd. Hafiz Maulana ◽  
Monica Cheria ◽  
Connie Halim ◽  
Wilfrida Windra Sari Gea ◽  
H.Adam Afiezan
Keyword(s):  
Cash Flow ◽  
Quantitative Methods ◽  
Stock Exchange ◽  
Secondary Data ◽  
Coefficient Of Determination ◽  
Cash Holding ◽  
Analysis Techniques ◽  
Business People ◽  
Growth Opportunity ◽  
Net Profit

The consumption industry is a type of business that is developing quite rapidly in Indonesia which results in quite tight competition in the business industry in Indonesia so that it requires business people to be able to run their business and maintain their existence. This study intends to examine the effect of cash flow, growth opportunity, leverage, net profit/loss on cash holding in consumption industry companies listed on the Indonesia Stock Exchange for the 2017-2019 period. The research uses descriptive quantitative methods. The data used is secondary data obtained from the IDX through the https://www.idx.co.id site and obtained a sample of 36 companies that meet the criteria. The data analysis techniques used are: classical assumption test, multiple linear regression and hypothesis testing which includes t test and f test. The conclusion obtained from this study is that cash flow has a positive and significant effect on cash holding, leverage has a negative and significant effect on cash holding, growth opportunity, and net profit/loss has no and no significant effect on cash holding. Based on the coefficient of determination test, it was found that the dependent variable in this study was influenced by all independent variables as much as 34.7% and the remaining 65.3% was influenced by other variables apart from this study

scholarly journals Peran Tax Avoidance Dalam Mengintervening Growth Opportunity, Leverage, Firm Size, dan Profitability Terhadap Cash Holding

2021 ◽  
Vol 9 (3) ◽  
Author(s):  
Evi Juita Wailan' An
Keyword(s):  
Firm Size ◽  
Consumer Goods ◽  
Tax Avoidance ◽  
Cash Holding ◽  
Purposive Sampling ◽  
Growth Opportunity

Tujuan penelitian ini adalah untuk mengetahui dan menganalisis peran Tax Avoidance dalam Mengintervening Growth Opportunity, Leverage, Firm Size dan Profitability terhadap Cash holding. Metode pengambilan sampel yang digunakan dalam penelitian ini adalah metode purposive sampling dan diperoleh 96 jumlah pengamatan. Data penelitian diperoleh dari laporan keuangan perusahaan Consumer Goods yang terdaftar di BEI periode 2017 sampai dengan 2020. Jenis penelitian yang digunakan adalah deskriptif kuantitatif dengan melakukan pengujian asumsi klasik dan analisis jalur yang menggunakan dua persamaan regresi linier berganda untuk mengukur pengaruh langsung dan tidak langsung. Hasil analisis hipotesis pertama menunjukkan bahwa secara simultan dan secara parsial Growth opportunity, leverage, firm size dan profitability tidak berpengaruh terhadap tax avoidance. Sedangkan untuk hipotesis kedua Growth opportunity, leverage, firm size, profitability dan tax avoidance berpengaru secara simultan terhadap cash holding, dan secara parsial leverage, firm size berpengaruh terhadap cash holding sedangkan untuk growth opportunity, profitability dan tax avoidance tidak berpengaruh terhadap cash holding.

scholarly journals Role of Hedging Mechanism in Maintaining Volatility Cash Flow and Growth Opportunity and Their Impact on Investor Reaction

2020 ◽  
Vol 15 (1) ◽  
pp. 23
Author(s):  
Hartono Hartono ◽  
Oktavianus Pasoloran ◽  
Fransiskus Eduardus Daromes
Keyword(s):  
Path Analysis ◽  
Cash Flow ◽  
Stock Exchange ◽  
Improve Performance ◽  
Investor Confidence ◽  
Growth Opportunity ◽  
Forward Contract ◽  
Cash Flow Volatility ◽  
Investor Reaction

This study aims to investigate the role of forward contract hedging in maintaining volatility cash flow and growth opportunity and its impact on investor reaction. The population in this study included 242 non-financial companies listed on the Indonesia Stock Exchange from 2013–2017. The sample was determined using purposive sampling, and path analysis was employed to analyze the data. Results show that forward contract hedging mediates the effects of volatility cash flow and growth opportunity on investor reaction. This research is expected to provide insights so that company management can improve performance properly and increase investor confidence through the application of hedging, thereby maintaining volatility cash flow and growth opportunity. Keywords: Cash flow volatility, growth opportunity, hedging forward contract, investor reaction.

scholarly journals PENGARUH LABA AKUNTANSI, ARUS KAS OPERASI DAN UKURAN PERUSAHAAN TERHADAP HARGA PENUTUPAN SAHAM MELALUI KEBIJAKAN DIVIDEN

2020 ◽  
Vol 3 (2) ◽  
pp. 87-119
Author(s):  
Saiful Muchlis ◽  
Febriani Setijawan
Keyword(s):  
Cash Flow ◽  
Indirect Effect ◽  
Consumer Goods ◽  
Stock Prices ◽  
Quantitative Methods ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Company Size ◽  
Operating Cash Flow ◽  
Consumer Goods Industry

This study aims to determine the effect of accounting profit, operating cash flow and company size on stock prices through dividend policy on consumer goods industry companies on the Indonesia Stock Exchange. This research uses quantitative methods and the type of explanatory research with 2016-2018 observation years in 17 company samples. The results show (1) accounting profit and operating cash flow have a positive and significant effect on dividend policy, while the size of the company has no influence on dividend policy. (2) accounting profit and operating cash flow do not have an effect on the closing prices, while the size of the company has a positive and significant effect on the closing prices. (3) dividend policy has a positive and significant effect on the closing prices. (4) there is no indirect effect of dividend policy in mediating accounting profit and operating cash flow on the closing prices, but there is an indirect effect of dividend policy in mediating company size on the closing prices.

scholarly journals ARUS KAS, CASH HOLDING, KENDALA PENDANAAN DAN INVESTASI DI INDONESIA

AdBispreneur ◽  
2019 ◽  
Vol 3 (2) ◽  
pp. 169
Author(s):  
Risal Rinofah
Keyword(s):  
Cash Flow ◽  
Financial Constraints ◽  
Average Rate ◽  
Cash Flows ◽  
Cash Holding ◽  
Investment Level ◽  
Show Evidence ◽  
The Impact ◽  
A Company ◽  
Positive Effect

ABSTRACTThis study aims to detect Cash Flow, Cash Holding and Financial Constraints effect on investment decisions of companies in Indonesia. Some of the previous studies outside Indonesia show evidence of the impact of cash flows and financial constraints on it’s investment level.Using Multiple Regression and Logistic Regression model, on five years data observation shows that cash flow and cash holding have a positive effect on investment level. Interaction test shows the effect of cash flow on investment in financially constrained different from financially unconstrained companies. In other words, the average rate of investment changes caused by the level of cash flow is the same for both companies. While the effect of cash holding on investment, no different in the company that financially constraint and financially unconstraint company.The contribution of this research is to provide insight to the parties related to the importance of cash flow and cash holding to the investment of a company. Based on the results it can be concluded that companies that have cash flow and high cash holding have greater investment opportunities, especially in companies that have problems in finding sources of funding.   ABSTRAKPenelitian ini bertujuan untuk mendeteksi pengaruh Arus Kas, Cash Holding dan Kendala Finansial terhadap keputusan investasi perusahaan di Indonesia. Beberapa penelitian sebelumnya di luar Indonesia menunjukkan bukti ada pengaruh Arus Kas dan Kendala Keuangan pada tingkat investasi.Dengan menggunakan model Regresi Berganda dan Regresi Logistik, pada pengamatan data selama lima tahun menunjukkan bahwa Arus Kas dan Cash Holding berpengaruh positif terhadap tingkat investasi. Uji interaksi menunjukkan pengaruh Arus Kas terhadap investasi pada perusahaan yang mengalami kendala pendanaan berbeda dengan perusahaan yang tidak mengalami kendala pendanaan. Dengan kata lain, tingkat rata-rata perubahan investasi yang disebabkan oleh tingkat arus kas adalah sama untuk kedua perusahaan. Sedangkan pengaruh Cash Holding terhadap investasi, tidak berbeda pada perusahaan yang mengalami kendala pendanaan maupun tidak.Kontribusi dari penelitian ini adalah untuk memberikan wawasan kepada pihak-pihak yang terkait dengan pentingnya arus kas dan Cash Holding untuk investasi perusahaan. Berdasarkan hasil tersebut dapat disimpulkan bahwa perusahaan yang memiliki Arus Kas dan Cash Holding yang tinggi memiliki peluang investasi yang lebih besar, terutama pada perusahaan yang memiliki masalah dalam mencari sumber pendanaan. 

scholarly journals FAKTOR –FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN BUMN DI BURSA EFEK INDONESIA TAHUN 2011-2015

2017 ◽  
Vol 1 (2) ◽  
pp. 25
Author(s):  
Ardian Prima Putra ◽  
Sri Wahyu Agustiningsih ◽  
Purwanto Purwanto
Keyword(s):  
Firm Value ◽  
Gdp Per Capita ◽  
Cash Holding ◽  
Firm Age ◽  
Working Capital ◽  
Turnover Ratio ◽  
Growth Opportunity ◽  
Asset Turnover ◽  
Per Capita ◽  
Trade Growth

This study aims to examine the factors that affect the value of state enterprises in the Indonesia Stock Exchange Year 2011-2015. State companies have an important role in the Indonesian economy. State companies also serve to generate revenue for the Indonesian government to fund the Indonesian State Budget. Factors affecting the value of state firms tested in this research are Cash Holding, Leverage, Exchange Rate, Net Working Capital, ROA, Size, and Firm Age. In addition, this study also uses control variables to test the effect of independent variables on the dependent variable of firm value. The control variables used in this study are International Trade, Growth Opportunity, GDP per capita, and Total Asset Turnover Ratio. This study uses a sample of state companies listed on the IDX 2011-2015. This research uses multiple regression analysis to test the influence of independent variable and control variable to Dependent variable. The results show that Cash Holding, Leverage, Exchange Rate, Net Working Capital, ROA, Size, Firm Age, International Trade, Growth Opportunity, GDP per capita, and Total Asset Turnover Ratio simultaneously have significant effect on firm value measured by tobin-q. The t test shows that firm size partially has a significant negative effect on firm value while other variables show insignificant results.

Sign in / Sign up

Export Citation Format

Share Document