Hendrawaty, Ernie (2020) Cash holdings estimation model for non-financial companies in Indonesia. The Future Opportunities and Challenges of Business in Digital Era 4.0. pp. 191-195.

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Abstract

ABSTRACT: The study constructs cash holdings estimaton model for non-financial com­ panies listed on the Indonesia Stock Exchange, using a dynamic regression model. This model recognizes that the process of adjusting towards standard cash holding involves adjustments to changes. The results from the dynamic panel data model show the higher propensity for companies with high growth, large size, high return volatility, cash flow, and cash substitutes, as well as those that pay dividends also hold more cash holdings. Conversely, the characteris­ tics of issuing high capital expenditure, leverage, and tangible assets tend to promote fewer cash holdings. The results support the motives of these companies as the transactional and precautionary motive.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: Fakultas Ekonomi dan Bisnis (FEB) > Prodi Manajemen
Depositing User: DR ERNIE HENDRAWATY
Date Deposited: 12 Nov 2020 02:14
Last Modified: 12 Nov 2020 02:14
URI: http://repository.lppm.unila.ac.id/id/eprint/24981

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