Faktor-faktor yang mempengaruhi cash holding pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia
P Penelitian ini bertujuan untuk meneliti bagaimana pengaruh leverage, ukuran perusahaan, peluang pertumbuhan, profitabilitas serta arus kas faktor-faktor yang spesifik terhadap cash holding pada perusahaan manufaktur dari sub-sektor industri barang konsumsi, sektor industri dasar dan kimia serta sektor aneka industrian yang terdaftar di Bursa Efek Indonesia periode 2017-2021 sebanyak 56 perusahaan. Hasil penelitian menunjukkan variabel leverage, peluang pertumbuhan dan profitabilitas memiliki pengaruh negatif secara signifikan terhadap cash holding. Variabel arus kas memiliki pengaruh positif secara signifikan terhadap cash holding. Sedangkan variabel ukuran perusahaan tidak memiliki pengaruh terhadap cash holding. Implikasi Perusahaan diharapkan perusahaan dapat meminimalkan penggunaan hutang sehingga perusahaan dapat mengoptimalkan cash holding sebagai dana investasi. Mengoptimalkan pertumbuhan investasi yang merangsang peningkatan profitability dengan dana selain cash holding. meminimalkan penggunaan laba sebagai dana investasi sehingga dapat memaksimalkan ketersediaan cash holding dalam perusahaan yang optimal.Pengelolaan Cash flow yang tinggi akan meningkatkan ketersediaan cash holding di dalam perusahaan.
T This study aims to examine how the influence of spesific factors on the cash holding of manufacturing companies listed on the Indonesia Stock Exchange period 2017-2021. The independent variabels in this study are leverage, firm size, grwoth opportunities, profitability, cash flow and cash flow volatility. The sample used in this study is a manufacturing companies sub-sector from the consumer goods industry sub-sector, basic and chemical industrial sectors listed on the Indonesia Stock Exchange for the 2017-2021 period. This study used pirposive sampling with a sample of 56 manufacturing companies sub-sector from the consumer goods industry, basic and chemical industrial sector and various industrial sectors. The results show that the leverage, growth opportunities and profitability have a significant negative effect on cash holding. Cash flow had a significant positive effect on cash holding. Meanwhile, firm size was found in this study had no effect on cash holding. The company implication is that the company is expected to minimize the use of debt so that the company can optimize cash holding as an investment fund. Optimizing investment growth that stimulates increased profitability with funds other than cash holding. Minimize the use of profits as investment funds so as to maximize the availability of optimal cash holdings in the company. Cash flow management and high will increase the availability of cash holding within the company.