Analisis faktor-faktor yang mempengaruhi kebijakan cash holding pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia
P enelitian ini bertujuan untuk melihat tren dan menganalisis faktor yangmemepengaruhi kebijakan cash holding perusahaan manufaktur di Indonesia yangdidasarkan pada theory financial seperti agency theory, pecking order theory, tradeoff theory, free cash flow theory. Sampel yang di gunakan adalah perusahaanmanufaktur yang terdadftar di BEI periode 2011-2015. Hasil penelitian menunjukkanbahwa kebijakan cash holding perusahaan manufaktur di Indonesia di pengaruhi olehsize, investment opportunities, bank involvement, dan cash flow kemudian yangtidak mempengaruhi cash holding perusahaan adalaha leverage, capital expendituredan net working capital.
T he purpose of this study is to look at the trend and analyze the effect ofInfluence cash holding policy of manufacturing companies in Indonesia based onfinancial theory as agency theory, pecking order theory, trade off theory, free cashflow theory. This study uses a sample of manufacturing companies that listed in BEIon period 2011-2015. The result showed cash holding policy of manufacturingcompanies in Indonesia affected by size, investment opportunities, bankinvolvement, and cash flow. and the cash holding company doesn’t affected byleverage, capital expenditure an net working capital.