Pengaruh Investment Opportunity Set, Liquidity, dan Corporate Social Responsibility terhadap Cash Holding
DOI:
https://doi.org/10.21009/japa.0501.02Keywords:
Investment Opportunity Set, Liquidity, Corporate Social Responsibility, Cash HoldingAbstract
This research aims to test and analyze the effect of Investment Opportunity Set, Liquidity, and Corporate Social Responsibility on Cash Holding. This study uses purposive sampling to select samples, using secondary data sources derived from the company's annual report and sustainability report on non-cyclical sector companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2022. The final number of samples obtained was 52 companies with a total observation of 156 data. The data analysis technique used is panel data regression analysis through data processing performed on EViews 12 software. The results of testing the hypothesis of this study indicate that corporate social responsibility has no effect on cash holding, while investment opportunity set and liquidity has affect on cash holding.
References
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Husna, Y. N., & Haryanto, H. (2019). Pengaruh Siklus Hidup Perusahaan dan Corporate Social Responsibility terhadap Kebijakan Cash Holding dengan Diversifikasi Geografis sebagai Variabel Moderasi. JIA (Jurnal Ilmiah Akuntansi), 4(2), 223–251. https://doi.org/https://doi.org/10.23887/jia.v4i2.19419
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Monica, A., & Suhendah, R. (2020). Pengaruh Firm Size, Leverage, Dan Investment Opportunity Terhadap Cash Holding. Jurnal Paradigma Akuntansi, 2(1), 176–185. https://doi.org/10.24912/jpa.v2i1.7145
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Rokhayati, I., Koesoemasari, D. S. P., & Indriawati, A. Y. (2023). Analisis Pengaruh Faktor Internal terhadap Cash Holding pada Perusahaan Yang Terdaftar di IDX30. Monex: Journal of Accounting Research, 12(1), 127–139.
Rosyidah, E. H., & Santoso, B. H. (2018). Pengaruh IOS, NWC, CCC, Dan GO Terhadap Cash Holding Perusahaan Industri Konsumsi. Jurnal Ilmu Dan Riset Manajemen (JIRM), 7(5).
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Sari, K. L., & Soekardan, D. (2022). Pengaruh Investment Opportunity Set, Cash Conversion Cycle Dan Corporate Governance Structure Terhadap Cash Holding. Brainy: Jurnal Riset Mahasiswa, 3(2), 10–17.
Suci, M. S. M., & Susilowati, Y. (2021). Analisis Pengaruh Profitability, Cash Flow, Leverage, Dan Net Working Capital Terhadap Cash holding (Pada Perusahaan Manufaktur Yang Terdaftar Di Bei Tahun 2017-2019). Media Bina Ilmiah, 15(12), 5821–5832.
Wijaya, A. L. (2021). The Determinants of Corporate Cash Holdings: Case of Agriculture Companies in Indonesia. Journal of Academic Finance, 12(1), 100–115. https://doi.org/10.59051/joaf.v12i1.441
Yanti, S. D., Azis, M. T., & Hadiwibowo, I. (2022). Pengaruh Cash Flow, Net Working Capital, Firm Size, dan Leverage Terhadap Cash Holding. JURNAL MANEKSI, 11(2), 505–512.
Zefanya Elnathan, L., & Susanto, L. (2020). Pengaruh leverage, firm size, likuiditas dan profitabilitas terhadap cash holding. Jurnal Paradigma Akuntansi, 2(1), 40–49.
Zulyani, Z., & Hardiyanto, H. (2019). Faktor-Faktor Yang Mempengaruhi Cash Holdings Pada Perusahaan Pelayaran Di Indonesia. Inovbiz: Jurnal Inovasi Bisnis, 7(1), 8–14.
Alamsyah, M. F., & Malanua, W. (2021). Pengaruh Investment Opportunity Set, Corporate Social Responsibility, Dan Risiko Bisnis Terhadap Nilai Perusahaan. Jurnal Fokus Manajemen Bisnis, 11(2), 154–172. https://doi.org/10.12928/fokus.v11i2.4228
Chang, C.-H., Chen, S.-S., Chen, Y.-S., & Peng, S.-C. (2019). Commitment to build trust by socially responsible firms: Evidence from cash holdings. Journal of Corporate Finance, 56, 364–387. https://doi.org/10.1016/j.jcorpfin.2019.03.004
Davidson, & Rasyid, R. (2020). The Influence of Profitability, Liquidity, Firm Size and Leverage on Cash Holding. Proceedings of the 2nd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2020). https://doi.org/10.2991/assehr.k.201209.062
Fadilah, N., Amboningtyas, D., & Diana, P. (2020). The Influence of Tax Aggressiveness and Corporate Social Responsibility on Cash Holding With Profitability as Moderating Variables (Empirical Study of Pharmaceutical Companies Registered in Indonesia Stock Exchange (IDX) for the 2014-2018). Journal of Management, 6(1).
Gill, A., & Shah, C. (2012). Determinants of corporate cash holdings: Evidence from Canada. International Journal of Economics and Finance, 4(1), 70–79. https://doi.org/10.5539/ijef.v4n1p70
Gunawan, A., & Oktaviani, T. (2021). Pengaruh Investment Opportunity Set, Capital Expenditure dan Cash Conversion Cycle Terhadap Cash Holding Pada Perusahaan Sektor Industri Dasar & Kimia yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019. Jurnal Indonesia Sosial Sains, 2(05), 681–694. https://doi.org/10.36418/jiss.v2i5.292
Hapsari, D. W., & Norris, N. R. (2022). The Determinant Of Cash Holding. Jurnal Akuntansi, 26(3), 358–373. https://doi.org/10.24912/ja.v26i3.960
Hardinto, A. A., Gunawan, J., & Anis, I. (2022). Tanggung Jawab Lingkungan, Pertumbuhan dan Siklus Hidup Perusahaan Terhadap Cash Holding Pada Perusahaan Manufaktur di Indonesia. Media Riset Akuntansi, Auditing & Informasi, 22(2), 271–284. https://doi.org/10.25105/mraai.v22i2.13130
Husna, Y. N., & Haryanto, H. (2019). Pengaruh Siklus Hidup Perusahaan dan Corporate Social Responsibility terhadap Kebijakan Cash Holding dengan Diversifikasi Geografis sebagai Variabel Moderasi. JIA (Jurnal Ilmiah Akuntansi), 4(2), 223–251. https://doi.org/https://doi.org/10.23887/jia.v4i2.19419
Jesslyn Maxentia, Malem Ukur Tarigan, & Verawati. (2022). Pengaruh Leverage, Profitability, Growth Opportunity dan Liquidity Terhadap Cash Holding. Jurnal Ekonomi, 27(03), 338–357. https://doi.org/10.24912/je.v27i03.880
Jinkar, R. T. (2013). Analisa faktor-faktor penentu kebijakan cash holding perusahaan manufaktur di indonesia. Mini Economica, 42, 129–146.
Monica, A., & Suhendah, R. (2020). Pengaruh Firm Size, Leverage, Dan Investment Opportunity Terhadap Cash Holding. Jurnal Paradigma Akuntansi, 2(1), 176–185. https://doi.org/10.24912/jpa.v2i1.7145
Myers, S. C. (1977). Determinants of corporate borrowing. Journal of Financial Economics, 5(2), 147–175. https://doi.org/10.1016/0304-405X(77)90015-0
Putri, E. K. (2022). Analisis Pengaruh Cash Conversion Cycle, Investment Opportunity Set, Cash Flow, dan Liquidity terhadap Cash Holding pada Perusahaan Sektor Industri Barang Konsumsi di Bursa Efek Indonesia. FIN-ACC (Finance Accounting), 7(1), 142–151.
Rohmah, A., Junaidi, J., Jannah, M., & Wiejayanti, I. (2023). Growth Opportunity, Leverage, Firm Size, Net Working Capital, and Investment Opportunity Set for Cash Holding on Manufacturing Companies Listed on BEI. Entrepreneurship, Economics, and Business International Conference (EEBIC), 1(1).
Rokhayati, I., Koesoemasari, D. S. P., & Indriawati, A. Y. (2023). Analisis Pengaruh Faktor Internal terhadap Cash Holding pada Perusahaan Yang Terdaftar di IDX30. Monex: Journal of Accounting Research, 12(1), 127–139.
Rosyidah, E. H., & Santoso, B. H. (2018). Pengaruh IOS, NWC, CCC, Dan GO Terhadap Cash Holding Perusahaan Industri Konsumsi. Jurnal Ilmu Dan Riset Manajemen (JIRM), 7(5).
Saleh, T. (2019, July 9). Tak Cuma Jababeka, 3 Emiten Juga Tak Bisa Bayar Utang. CNBC Indonesia. https://www.cnbcindonesia.com/market/20190709142105-17-83669/tak-cuma-jababeka-3-emiten-juga-tak-bisa-bayar-utang
Sari, K. L., & Soekardan, D. (2022). Pengaruh Investment Opportunity Set, Cash Conversion Cycle Dan Corporate Governance Structure Terhadap Cash Holding. Brainy: Jurnal Riset Mahasiswa, 3(2), 10–17.
Suci, M. S. M., & Susilowati, Y. (2021). Analisis Pengaruh Profitability, Cash Flow, Leverage, Dan Net Working Capital Terhadap Cash holding (Pada Perusahaan Manufaktur Yang Terdaftar Di Bei Tahun 2017-2019). Media Bina Ilmiah, 15(12), 5821–5832.
Wijaya, A. L. (2021). The Determinants of Corporate Cash Holdings: Case of Agriculture Companies in Indonesia. Journal of Academic Finance, 12(1), 100–115. https://doi.org/10.59051/joaf.v12i1.441
Yanti, S. D., Azis, M. T., & Hadiwibowo, I. (2022). Pengaruh Cash Flow, Net Working Capital, Firm Size, dan Leverage Terhadap Cash Holding. JURNAL MANEKSI, 11(2), 505–512.
Zefanya Elnathan, L., & Susanto, L. (2020). Pengaruh leverage, firm size, likuiditas dan profitabilitas terhadap cash holding. Jurnal Paradigma Akuntansi, 2(1), 40–49.
Zulyani, Z., & Hardiyanto, H. (2019). Faktor-Faktor Yang Mempengaruhi Cash Holdings Pada Perusahaan Pelayaran Di Indonesia. Inovbiz: Jurnal Inovasi Bisnis, 7(1), 8–14.
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Published
2024-06-02
How to Cite
Mikyal Farialmira, Nuramalia Hasanah, & Aji Ahmadi Sasmi. (2024). Pengaruh Investment Opportunity Set, Liquidity, dan Corporate Social Responsibility terhadap Cash Holding. Jurnal Akuntansi, Perpajakan Dan Auditing, 5(1), 15–29. https://doi.org/10.21009/japa.0501.02
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