PENGARUH NET WORKING CAPITAL, CASH CONVERSION CYCLE, FIRM SIZE DAN LEVERAGE TERHADAP CASH HOLDING

Abstract

This study aims to obtain empirical evidence on the influence of net working capital, cash conversion cycle, firm size and leverage to cash holding. The population in this study using secondary data on non-financial companies listed on the Indonesia Stock Exchange and issued bonds listed in the rating of bonds issued by PEFINDO period 2011-2015. Sampling was done by propotionate stratified random sampling method with the sample obtained as many as 22 companies. Hypothesis testing using model of panel data regression analysis with random effect method. The analysis showed that net working capital, firm size and leverage negatively affect cash holding. While the cash conversion cycle has no effect on cash holding.