PENGARUH FIRM SIZE, GROWTH OPPORTUNITY, NET WORKING CAPITAL, DAN LEVERAGE TERHADAP CASH HOLDING PADA PERUSAHAAN JASA SEKTOR INFRASTRUKTUR, UTILITAS, DAN TRANSPORTASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Abstract

The population in this study were all service companies in the infrastructure, utilities and transportation sectors listed on the Indonesia Stock Exchange for the period 2018-2021. Based on the sampling technique with purposive sampling, a sample of 38 companies was obtained. The data collection technique used is a documentation study of the financial statements published on the official website of the Indonesia Stock Exchange (www.idx.co.id). Testing was carried out using the Panel Data method using Eviews 12.0. The results obtained show that partially firm size and growth opportunity have no effect on cash holding, net working capital has a positive effect on cash holding, and leverage has no effect on cash holding. This means that the existence of large investment opportunities can increase company profits, the growth of opportunities to increase profits causes an increase in working capital (net working capital), net working capital is able to act as a substitute for cash holding of a company. This is due to the ease of converting it into cash when the company needs it.

Keywords: Firm Size, Growth Opportunity, Net Working Capital, Leverage and Cash Holding.

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