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

Abstract

The objective of this paper contributes to confirm and to analyse the effect of current asset, capital
expenditure, cash conversion cycle, cash flow, leverage, market to book value and net working capital
towards cash holdings on several manufacturing companies in the consumer goods industry sector listed
on the Indonesia Stock Exchange (IDX). There are 31 companies in the consumer goods industry sector
listed on the Indonesia Stock Exchange (IDX) as the samples in this study. The Analysis Technique in this
research uses the analysis of multiple linear regression, which also examines the set of statistical
assumptions called the classical linear regression model assumptions, and the hypothesis testing in this
research uses T test by using IBM SPSS Statistics 21.0. The results of this study (1) current asset affect on
cash holdings, (2) capital expenditure do not affect on cash holdings, (3) cash conversion cycle affect on
cash holdings, (4) cash flow affect on cash holdings, (5) leverage affect on cash holdings, (6) market to
book value affect on cash holdings, (7) net working capital affect on cash holdings.