Factors Affecting Corporate Cash Holding of FinanSector Companies (Non Bank) Listed in Indonesian Stock Exchange Period 2010 - 2015

LIMANTA, VERONICA NATASSYA and Malelak, Mariana Ing (2017) Factors Affecting Corporate Cash Holding of FinanSector Companies (Non Bank) Listed in Indonesian Stock Exchange Period 2010 - 2015. In: International Conference on Management & Entrepreneurship, 14-07-2017 - 14-07-2017, Bali - Indonesia.

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Abstract

The main purpose of this research is to examine the factors that affecting corporate cash holding of financial sector companies listed in Indonesian Stock Exchange period 2010 – 2015. Cash flow, leverage, cash flow volatility, profitability, growth opportunities, firm size, debt maturity, and dividend represent the independent variables in the research study. The proxy of corporate cash holding is cash and cash equivalent. This research used data from Bloomberg period 2010-2015 with purposive sampling method and panel data regression analysis has been conducted to determine the major factors affecting cash holding. The results imply that growth opportunity, firm size, cash flow, and profitability of the firms has a positive significant effect while leverage show a negative significant effect on corporate cash holdings.

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