Determinan Uang Tunai Perusahaan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2017-2023

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Published: Jul 31, 2024
Keywords:
Cash Holding, New Working Capital, Leverage, Cash Flow

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Arya Nurdiansyah
Universitas Bhayangkara Jakarta Raya
Adler Haymans Manurung
Universitas Bhayangkara Jakarta Raya
Edward Efendi Silalahi
Universitas Bhayangkara Jakarta Raya
Jhonni Sinaga
Universitas Bhayangkara Jakarta Raya
Muhammad Richo Rianto
Universitas Bhayangkara Jakarta Raya

Abstract

Cash holding refers to the cash that a company retains for various purposes such as salary payments, acquisition of fixed assets, debt repayment, and dividend payments. This study aims to evaluate the impact of Net Working Capital (NWC), Leverage, and Cash Flow on Cash Holding. Utilizing secondary data from the annual financial reports of companies listed on the LQ-45 Index from 2017 to 2023, and sampling 15 companies using purposive sampling, a multiple linear regression analysis was conducted after the data passed the heteroskedasticity test. The analysis results indicate that Net Working Capital does not have a significant effect on Cash Holding, whereas Leverage, measured by the Debt to Equity Ratio (DER), has a positive and significant impact on Cash Holding. Meanwhile, Cash Flow also does not show a significant effect on Cash Holding. With a coefficient of determination value of 0.416024, it can be concluded that 41.60% of the variation in Cash Holding is explained by Net Working Capital, Leverage, and Cash Flow, while the remaining 58.40% is influenced by factors outside the scope of this study.


 

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How to Cite
Nurdiansyah, A., Manurung, A. H., Silalahi, E. E., Sinaga, J., & Rianto, M. R. (2024). Determinan Uang Tunai Perusahaan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2017-2023. IJM: Indonesian Journal of Multidisciplinary, 2(6). Retrieved from http://journal.csspublishing.com/index.php/ijm/article/view/969
Issue
Vol. 2 No. 6 (2024): IJM 2024
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Articles
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