Peran Ukuran Perusahaan Dalam Memoderasi Rasio Keuangan Terhadap Cash Holding

Jexine Thalia Cang; Pinny Pinny; Chaterine Vania

doi:10.33395/owner.v8i3.2226

Authors

Jexine Thalia Cang Universitas Mikroskil, Medan, Indonesia
Pinny Universitas Mikroskil, Medan, Indonesia
Chaterine Vania Universitas Mikroskil, Medan, Indonesia

DOI:

10.33395/owner.v8i3.2226

Keywords:

Capital Expenditure, Cash Holding, Leverage, Liquidity, Net Working Capital, Profitability, Company Size

Abstract

A corporation is a legal entity established to conduct economic activities aimed at generating profits or achieving a specific goal. However, due to the increasing competition and dynamism of the economy, companies are indirectly required to have accurate financial management. The objective is to determine the ideal cash supply for a business. This study aims to analyze the impact of capital expenditure, leverage, liquidity, net working capital, and profitability on the cash holding variable, with the company size as a moderator in manufacturing companies listed on the Indonesian Stock Exchange for 2021-2022. The study will employ quantitative descriptive research and use library and documentation research methods as data collection techniques. The source of data used is the financial statements of manufacturing companies listed on the Indonesian Stock Exchange for 2021-2022, which are secondary data. This study will use purposive sampling based on specific criteria to obtain 424 samples over a two-year observation period. SmartPLS software version 3.2.9 will be used to conduct the research by utilizing Partial Least Square - Structural Equation Modeling with a two-stage test approach to analyze the research data. The research will be analyzed using the outer model test and the inner model test using formative components. The findings of this study interpret that capital expenditure, leverage, and liquidity do not have a significant influence on cash holding.

Downloads

Download data is not yet available.

Plum-X Analityc

References

Adhitya, D., Syafrizaliadhi, E., & Denny, A. (2014). FAKTOR-FAKTOR YANG MEMPENGARUHI PERILAKU CASH HOLDINGS PADA PERUSAHAAN BESAR DAN PERUSAHAAN KECIL. DIPONEGORO JOURNAL OF MANAGEMENT, 3(1). Retrieved from http://ejournal-s1.undip.ac.id/index.php/dbr

Amilin. (2015). Analisis Informasi Keuangan (2nd ed.). Universitas Terbuka. Retrieved 18 January 2024 from https://pustaka.ut.ac.id/lib/eksi4204-analisis-informasi-keuangan-edisi-2/

Aziza, N. (2023). Metodologi Penelitian 1?: Deskriptif Kuantitatif. (S. Haryanti,Ed.). Bandung: CV. MEDIA SAINS INDONESIA.

Berry, Y. (2023). Manajemen Keuangan (Strategi Mengelola Keuangan yang Efektif). PT. Sonpedia Publishing Indonesia.

Dwi Mawarni, L., & Widodo, H. (2023). The Impact of Capital expenditure, Cash Conversion Cycle, and Corporate Governance on Cash Holding with Firm size as Moderating Variable. UMSIDA. Retrieved from www.liputan6.com

Elnathan, Z., & Susanto, L. (2020). PENGARUH LEVERAGE, FIRM SIZE, LIKUIDITAS DAN PROFITABILITAS TERHADAP CASH HOLDING. Jurnal Multiparadigma Akuntansi Tarumanagara, 2(1), 40–49.

Ghozali, I. (2021). PARTIAL LEAST SQUARES KONSEP, TEKNIK DAN APLIKASI MENGGUNAKAN PROGRAM SmartPLS 3.2.9 UNTUK PENELITIAN EMPIRIS (3rd ed.). Semarang: Badan Penerbit Universitas Diponegoro.

Hery. (2013). Akuntansi Keuangan Menengah. Yogyakarta: CAPS (Centre of Academic Publishing Service). Retrieved 18 January 2024 from https://elibrary.bsi.ac.id/readbook/201341/akuntansi-keuangan-menengah

Husnan, S. (2019). Manajemen Keuangan (3rd ed.). Tangerang Selatan: Universitas Terbuka. Retrieved 18 January 2024 from https://pustaka.ut.ac.id/lib/ekma4213-manajemen-keuangan-edisi-3/

Kusumawati, A., & Mardiati, E. (2019). ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CASH HOLDING PERUSAHAAN JASA YANG TERDAFTAR DI BEI (Studi kasus pada perusahaan jasa sektor infrasturktur, utilitas dan transportasi tahun 2015-2018). Jurnal Ilmiah Mahasiswa FEB.

Levina, N., & Sha, T. (2021). FAKTOR YANG MEMPENGARUHI CASH HOLDING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI. Jurnal Multiparadigma Akuntansi, 3(3), 1245–1254.

Lin, A., Kudu, T. D., & Salim, S. (2021). PENGARUH LEVERAGE, CAPITAL EXPENDITURE, DAN NET WORKING CAPITAL TERHADAPCASH HOLDING PERUSAHAAN. Jurnal Multiparadigma Akuntansi, 3(2), 515–522.

Margaretha, I., & Dewi, S. P. (2020). Faktor-Faktor Yang Mempengaruhi Cash Holding Pada Perusahaan Manufaktur. Jurnal Multiparadigma Akuntansi Tarumanagara, 2(1), 1–9.

Maxentia, J., Ukur Tarigan, M., & Verawati, dan. (2022). Pengaruh Leverage, Profitability, Growth Opportunity dan Liquidity Terhadap Cash Holding. Jurnal Ekonomi, (Special Issue), 338–357.

Monica, L., Susanti, M., & Dewi, S. (2019). Faktor Yang Mempengaruhi Cash Holding Perusahaan Manufaktur Di BEI. Jurnal Multiparadigma Akuntansi, 1(3), 827–834. Retrieved from www.idx.co.id.

Ningrum, W., & Widoretno, A. (2023). PENGARUH PROFITABILITAS DAN LEVERAGE TERHADAP CASH HOLDING DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN SEKTOR PERDAGANGAN. Jurnal Pendidikan Ekonomi: Jurnal Ilmiah Ilmu Pendidikan, Ilmu Ekonomi, Dan Ilmu Sosial , 17.

Puspitasari, E. (2014). Analisis Laporan Keuangan. Universitas Terbuka. Retrieved 18 January 2024 from https://pustaka.ut.ac.id/lib/adbi4532-analisis-laporan-keuangan/

Rahman, R. (2021). Pengaruh Profitabilitas, Cash Flow, Likuiditas dan Net Working Capital terhadap Cash Holding dengan Ukuran Perusahaan sebagai Variabel Moderating pada Perusahaan Real Estate dan Properti di Indonesia. Jurnal Ekonomi KIAT, 32(1).

Ridha, A., Wahyuni, D., & Sari, D. (2019). Analisis Pengaruh Kepemilikan Institusional dan Profitabilitas terhadap Cash Holding dengan Ukuran Perusahaan sebagai Variabel Moderasi pada Perusahaan Terindeks LQ45 di Bursa Efek Indonesia. Jurnal Manajemen Dan Keuangan, 8(2).

Siswanto Ely. (2021). Manajemen Keuangan Dasar. Malang: Universitas Negeri Malang. Retrieved 18 January 2024 from http://manajemen.feb.um.ac.id/wp-content/uploads/2021/06/Buku-Ajar-Manajemen-Keuangan-Dasar-E-BOOK.pdf

Wijaya, S., & Bangun, N. (2019). Pengaruh Arus Kas, Leverage, Dan Ukuran Perusahaan Terhadap Cash Holding. Jurnal Multiparadigma Akuntansi, 1(2), 495–504.