Work

Cash Holding in Indonesia

Year: 2025

Type: article

Abstract: This paper has objective to explore determinant of Cash Holding in Emerging Market. Variable is used to determine cash holding which is Gross Profit Margin, Accounts Receivable and Account Payable, Return on Assets, Debt to Equity Ratio, Interest Rate and COVID-19. This paper used panel data model to estimate relationship among variable. Research period is from 2016 to 2023 and 15 Companies in retail industry. The results found that coefficient of correlation among variable is below of 0.5, Gross Profit Margin, Accounts Receivable and Account Payable, ROA and DER and COVID-19 significantly affect cash holding.

Source: Journal of Management World

DOI: 10.53935/jomw.v2024i4.950

Authors: Adler Haymans Manurung, Nera Marinda Machdar, Ch. Indra W. P. Hatibie, Wirawan Widjanarko, Gerry Juan Carlos Manurung

Institution: Universitas Bhayangkara Jakarta Raya

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4407108534

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