Pengaruh Cash Coversion Cycle, Networking Capital Terhadap Cash Holding (Studi Empiris Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019)
DOI:
https://doi.org/10.31334/abiwara.v3i1.1843Keywords:
Cash Conversion Cycle, Net Working Capital, Cash HoldingAbstract
This study aims to determine the effect of cash conversion cycle, net working capital on cash holding on manufacturing companies in the consumer goods industry sector listed on Indonesia Stock Exchange (IDX). The sampel used in this study is a company listed on the Indonesia. The research period was the period of 2015-2019. The sampel of this study was obtained used a purposive-sampling method where 35 companies met the criteria. This research used secondary data and was analyzed using SPSS 26. The data analysis method used in this research was multiple linear regression analysis. The result showed that cash conversion cycle have a negative and significant on cash holding and net working capital have a positive and significant on cash holding. The ability of independent variables to explain the dependent variable is 40,5% and 59,5% was explained by other variables outside of this studyReferences
Abbas, S. D., Eksandy, A. and Mulyadi (2020) ‘PENGARUH GROWTH OPPORTUNITY, NET WORKING CAPITAL, CASH CONVERSION CYCLE, INVESTMENT OPPORTUNITY SET DAN LEVERAGE
TERHADAP CASH HOLDING Dirvi’, JEMASI: Jurnal Ekonomi Manajemen dan Akuntansi, 16(1). doi: 10.1017/CBO9781107415324.004.
Afif, S. and Prasetiono (2016) ‘Analisis Faktor- Faktor Yang Mempengaruhi Kebijakan Cash Holding Pada Perusahaan Manufaktur Yang Listing di Bursa Efek Indonesia Tahun 2010-2014’, Diponegoro Journal Of Management, 5, pp. 1– 11.
Ahmed, R. et al. (2018) ‘Determinants of corporate cash holdings: An empirical study of Chinese listed firms’, Corporate Ownership and Control, 15(3), pp. 57–65. doi: 10.22495/cocv15i3art5.
Aisyah, S. (2012) Strategi Diversifikasi Korporat, Struktur Modal dan Nilai Perusahaan. 1st edn. Malang: Universitas Brawijaya Press.
Ali, S., Ullah, M. and Ullah, N. (2016) ‘Determinants of Corporate Cash Holdings “A
Case of Textile Sector in Pakistan‒, International Journal of Economics & Management Sciences, 05(03). doi: 10.4172/2162-6359.1000334.
Anwar, M. (2019) DASAR-DASAR MANJEMEN PERUSAHAAN. edisi pert. Jakarta: KENCANA.
Ariana, D., Hadjaat, M. and Yudaruddin, R. (2018) ‘Pengaruh cash flow, expenditure dan nilai perusahaan terhadap cash holding pada perusahaan sektor pertambangan yang terdaftar di bursa efek indonesia periode 2012-2015’, Jurnal Manajemen, 10(1), p. 7. doi: 10.29264/jmmn.v10i1.2647.
Astuti, A. W., Wiyono, G. and Mujino (2019) ‘Analisis Cash Holding Berbasis Kekuatan Kas Dan Modal Kerja Bersih’, JBTI : Jurnal Bisnis Teori dan Implementasi, 10(2), pp. 137–149. doi: 10.18196/bti.102123.
Fauziah, F. (2017) Kesehatan Bank, Kebijakan Dividen dan Nilai Perusahaan Teori dan Kajian Empiris. 1st edn. Samarinda: RV Pustaka Horizon.
Ghozali, I. (2018) Aplikasi Analisis Multivariate dengan Program IBM SPSS. Yogyakarta: Universitas Diponegoro. 9th edn. Semarang.
Hadiwijaya, I. and Trisnawati, E. (2019) ‘Pengaruh Arus Kas Dan Belanja Modal Terhadap Cash Holding Pada Perusahaan Manufaktur’, Jurnal Multiparadigma Akuntansi, I(2), pp. 416–424.
Hery (2017) Kajian Riset Akuntansi, Kajian Riset Akuntansi. Edited by A. Pramono. jakarta: PT Grasindo.
Humendru, A. and Pangaribuan, J. (2018) ‘Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen’, JRAK: Jurnal Riset Akuntansi dan Komputerisasi Akuntansi, 4(1), pp. 1--22.
Irwanto et al. (2019) ‘Faktor Yang Mempengaruhi Cash Holding Dan Nilai Perusahaan Manuaktur’, Jurnal Wira Ekonomi Mikroskil, 9(2622–6421), pp. 147–158.
Jr, W. T. H. et al. (2013) Akuntansi Keuangan. 8th edn. Edited by S. Saat. jakarta: Erlangga.
Kusumawati, S., Ts, K. H. and Nurlaela, S. (2020) ‘DETERMINAN CASH HOLDING PADA PERUSAHAAN PROPERTY DAN REAL ESTATE DI BURSA EFEK INDONESIA “ DETERMINANTS OF CASH HOLDING IN PROPERTY AND REAL ESTATE COMPANIES ON INDONESIAN STOCK
EXCHANGE “’, jurnal penelitian ekonomi dan akuntansi, 5(1), pp. 62–77. Available at: http://jurnalekonomi.unisla.ac.id/index.php/jpens.
Liadi, C. C. and Suryanawa, I. K. (2018) ‘Pengaruh Ukuran Perusahaan, Net Working Capital, Cash Flow, dan Cash Conversion Cycle pada Cash Holding’, E-Jurnal Akuntansi, 24, p. 1474. doi: 10.24843/eja.2018.v24.i02.p24.
Muharromah, N. A., Ahmar, N. and Anwar, C. (2019) ‘INSTITUTIONAL OWNERSHIP MEMODERASI GROWTH OPPORTUNITY, CASH CONVERSION CYCLE, NET WORKING CAPITAL DAN DIVIDEND
PAYOUT TERHADAP CASH HOLDINGS’, jurnal inovasi manajemen ekonomi dan akuntansi, 1(2), pp. 292–306.
Musthafa (2017) Manajemen Keuangan. 1st edn. Edited by P. Christian. Yogyakarta: CV. Andi Offset.
Najema and Asma, R. (2019) ‘Analisis Pengaruh Current Asset, Capital Expenditure, Cash Conversion Cycle, Cash Flow, Leverage, Market To Book Value Dan Net Working Capital Terhadap Cash Holdings Pada Sektor Industri Barang Konsumsi Di Bei.’, Jurnal Sains Manajemen dan Kewirausahaan, 3(1), pp. 16–
Available at: http://ppjp.ulm.ac.id/journal/index.php/jsmk.
Nurul Husna, Y. and Haryanto, H. (2019) ‘Pengaruh Siklus Hidup Perusahaan dan Corporate Social Responsibility terhadap Kebijakan Cash Holding dengan Diversifikasi Geografis sebagai Variabel Moderasi’, Jurnal Ilmiah Akuntansi •, 4(2), pp. 223–251.
Sanjaya, Y. D. and Widiasmara, A. (2019) ‘Analisis Faktor-Faktor Yang Mempengaruhi Cash Holding Pada Perusahaan Sektor Industri Barang Konsumsi Di BEI Tahun 2014-2017’, Simba, pp. 420–434.
Saputri, E. and Kuswardono, A. (2019) ‘Pengaruh Profitabilitas, Leverage, Firm size dan Growth Opportunity Terhadap Cash Holding Perusahaan’, Journal of Entrepreneurship, Management and Industry (JEMII), 2(2), pp. 91–104.
Senjaya, S. Y. and Yadnyana, I. K. (2016) ‘Analisis Pengaruh Investment Opportunity Set, Cash Conversion Cycle Dan Corporate Governance Structure Terhadap Cash Holdings’, E-Jurnal Ekonomi dan Bisnis Universitas Udayana, 8, pp. 2549–2578.
Simanjuntak, S. F. and Wahyudi, A. S. (2017) ‘Faktor-Faktor Yang Mempengaruhi Cash Holding Perusahaan’, Jurnal Bisnis dan Akuntansi, 19(1a), pp. 25–31. Available at: http://jurnaltsm.id/index.php/JBA.
Sugeng, B. (2017) Manajemen Keuangan Fundamental. 1st edn. Yogyakarta: Deepublish.
Sujarweni, V. wiratna (2015) METODOLOGI PENELITIAN BISNIS & EKONOMI. 1st
edn. Bantul Yogyakarta: PUSTAKABARUPRESS.
Tahir, S. 2019. Tak Cuma Jababeka, 3 Emiten Juga Tak Bisa Bayar Utang. https://www.cnbcindonesia.com/market/20190709142105-17-83669/tak- cuma-jababeka-3-emiten-juga-tak-bisa-bayar-utang. Diakses tanggal 31 Maret 2020.
Wahyuni, I., Soeratno and Suyanto (2017) ‘Determinan Cash Holdings dan Excess Value’, Jurnal Ilmiah Akuntansi Kesatuan, 5(1), pp. 001–085. doi: 10.37641/jiakes.v5i1.17.
Wulandari, E. A. and Setiawan, M. A. (2019) ‘Pengaruh Growth Opportunity, Net Working Capital, Cash Conversion Cycle Dan Dividend Payout Terhadap Cash Holding’, Jurnal Eksplorasi Akuntansi, 1(3), pp. 1259–1274.
Website Bursa Efek Indonesia. www.idx.co.id. Diakses 30 Maret 2020.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Copyright Notice
Please find the rights and licenses in Abiwara : Jurnal Vokasi Administrasi Bisnis. By submitting the article/manuscript of the article, the author(s) agree with this policy. No specific document sign-off is required.
1.License
The non-commercial use of the article will be governed by the Creative Commons Attribution license as currently displayed on Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
2.Author(s)' Warranties
The author warrants that the article is original, written by stated author(s), has not been published before, contains no unlawful statements, does not infringe the rights of others, is subject to copyright that is vested exclusively in the author and free of any third party rights, and that any necessary written permissions to quote from other sources have been obtained by the author(s).
3.User Rights
Abiwara : Jurnal Vokasi Administrasi Bisnis, spirit is to disseminate articles published are as free as possible. Under the Creative Commons license, Abiwara : Jurnal Vokasi Administrasi Bisnis permits users to copy, distribute, display, and perform the work for non-commercial purposes only. Users will also need to attribute authors and Abiwara : Jurnal Vokasi Administrasi Bisnis on distributing works in the journal and other media of publications.
4.Co-Authorship
If the article was jointly prepared by more than one author, any authors submitting the manuscript warrants that he/she has been authorized by all co-authors to be agreed on this copyright and license notice (agreement) on their behalf, and agrees to inform his/her co-authors of the terms of this policy. Abiwara : Jurnal Vokasi Administrasi Bisnis will not be held liable for anything that may arise due to the author(s) internal dispute. Abiwara : Jurnal Vokasi Administrasi Bisnis will only communicate with the corresponding author.
5.Miscellaneous
Abiwara : Jurnal Vokasi Administrasi Bisnis will publish the article (or have it published) in the journal if the article’s editorial process is successfully completed. Abiwara : Jurnal Vokasi Administrasi Bisnis editors may modify the article to a style of punctuation, spelling, capitalization, referencing and usage that deems appropriate. The author acknowledges that the article may be published so that it will be publicly accessible and such access will be free of charge for the readers as mentioned in point 3.
Every accepted manuscript should be accompanied by "Copyright Transfer Agreement" prior to the article publication.
