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Submitted
October 29, 2019
Accepted
October 29, 2019
Published
August 26, 2019
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Abstract

Cash holding is cash that must be available to the company to take certain actions in the
future, decisions made by managers of non-banking companies in Indonesia will have an
impact on the company's activities. The objective of this research is to analyze the effect of
BI rate, growth opportunity, leverage, firm size, board size, and profitability on cash
holding, the research sample were 190 companies with 910 non-banking companies as the
observations on Indonesia Stock Exchange in 2013-2017. The statistical test used to test
the hypothesis is panel regression (fixed effects) with classical assumptions The result of
this research shows that variable of BI rate, growth opportunity, and firm size has a
significant effect on cash holding at 5% significance level, and F test shows that BI rate,
growth opportunity, leverage, firm size, board size, and profitability simultaneously affects
the cash holding as 82%. This research also shows that the variables that affect the cash
holding of all non-banking companies on the Indonesia Stock Exchange (IDX) use a tradeoff
theory.

Keywords

Cash Holding Suku Bunga BI Growth Opportunity Leverage Firm Size Board Size Profitabilitas

Article Details

How to Cite
Romadhoni, R., Kufepaksi, M., & Hendrawaty, E. (2019). FAKTOR – FAKTOR YANG MEMPENGARUHI CASH HOLDING PERUSAHAAN YANG LISTING DI BURSA EFEK INDONESIA TAHUN 2013-2017. The Manager Review, 1(2), 124–139. https://doi.org/10.33369/tmr.v1i2.9328
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