Pengaruh Profitability, Firm Size, Leverage Dan Tax Avoidance Terhadap Cash Holding Perusahaan Manufaktur Sektor Industri Barang Konsumsi Yang Terdaftar Di Bei Tahun 2014-2018

Herny Masytah Dewi; Wisnu Panggah Setiyono

doi:10.31149/ijot.v3i4.1721

Herny Masytah Dewi Program Studi Manajemen, Universitas Muhammadiyah Sidoarjo, Indonesia
Wisnu Panggah Setiyono 2 Program Studi Manajemen, Universitas Muhammadiyah Sidoarjo, Indonesia

DOI: https://doi.org/10.31149/ijot.v3i4.1721

Keywords: Profitability, Firm Size, Leverage, Cash Holding

Abstract

This study aims to determine and analyze the effect Profitability, Firm Size, Leverage and Tax Avoidance on Cash Holding partially and simultaneously to find out the model that can be used to measure Cash Holding in companies by using panel data regression in manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange. This study applies quantitative method and the object of this research is done by population and sample randomly (purposive sampling), which are 21 manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange on 2014-2018. The data use is taken from the secondary financial statement (annual report) company period 2014-2018. The technique analysis used panel data regression method with fixed effect model approach using Eviews 9. The results of this study showed that simultaneously variabels Profitability, Firm Size, Leverage and Tax Avoidance affect influence the Cash Holding. while partially Firm Size and Leverage have a significant effect on Cash Holding. Profitability and Tax Avoidance has no significantly influence on Cash Holding

References

Gill, A., & Shah, C. (2012). Determinants of Corporate Cash Holdings: Evidence from Canada. International Journal of Economics and Finance, 4(1), 70–79. https://doi.org/10.5539/ijef.v4n1p70

Sujarweni, V. W. (2018). MANAJEMEN KEUANGAN TEORI, APLIKASI DAN HASIL PENELITIAN (D. S. Permani (ed.)). PUSTAKA BARU PRESS.

Najema, dan 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): 16–26.

Simanjuntak, S. F., & Wahyudi, A. S. (2017). Faktor-Faktor Yang Mempengaruhi Cash Holding Perusahaan. Jurnal Bisnis Dan Akuntansi, 19(1a), 25–31. http://jurnaltsm.id/index.php/JBA

Irwanto, Sia, S., Agustina, & An, E. J. W. (2019). FAKTOR YANG MEMPENGARUHI CASH HOLDING DAN NILAI PERUSAHAAN MANUAKTUR. Jurnal Wira Ekonomi Mikroskil, 9(2622–6421), 147–158.

Cheryta, A. M., Moeljadi, & Indrawati, N. K. (2017). The Effect of Leverage, Profitability, Information Asymmetry, Firm Size on Cash Holding and Firm Value of Manufacturing Firms Listed at Indonesian Stock Exchange. International Journal of Research in Business Studies and Management, 4(4), 21–31. https://doi.org/10.22259/ijrbsm.0404004

Monica, L., Susanti, M., & Dewi, S. (2019). Faktor Yang Mempengaruhi Cash Holding Perusahaan Manufaktur Di Bei. Jurnal Multiparadigma Akuntansi, I(3), 827–834.

Silaen, R., & Prasetiono. (2017). ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT CASH HOLDING PADA BANK UMUM YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2011-2015. DIPONEGORO JOURNAL OF MANAGEMENT, 6(3), 1–11.

Romadhoni, R., Kufepaksi, M., & Hendrawaty, E. 2019. “Faktor – Faktor Yang Mempengaruhi Cash Holding Perusahaan Yang Listing Di Bursa Efek Indonesia Tahun 2013-2017.” The Manager Review, 124–39.

Afif, S., & 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, 1–11.

Ali, S., Ullah, M., & Ullah, N. (2016). Determinants of Corporate Cash Holdings “A Case of Textile Sector in Pakistan.” International Journal of Economics & Management Sciences, 05(03). https://doi.org/10.4172/2162-6359.1000334

Kafayat, A., Rehman, K. U., & Farooq, M. (2014). Factors Affecting Corporate Cash Holding of Non-Financial Firms in Pakistan. Acta Universitatis Danubius, 10(3), 35–43.

Kariuki, S. N., Namusonge, P. G. S., & Orwa, D. G. O. (2015). ISSN : 2278-6236 DETERMINANTS OF CORPORATE CASH HOLDINGS : EVIDENCE FROM PRIVATE MANUFACTURING FIRMS IN KENYA ISSN : 2278-6236. International Journal of Advanced Research in Management and Social Sciences, 4(6), 15–33.

Wijaya, S. H., & Bangun, N. (2019). Pengaruh Arus Kas , Leverage , Dan Ukuran Perusahaan Terhadap Cash Holding. Jurnal Multiparadigma Akuntansi, I(2), 495–504.

Angelia, M., & Dwimulyani, S. (2019). Profitability, Leverage dan Firm Size Mempengaruhi Cash Holding Dengan Tax Avoidance Sebagai Variabel Intervening. Prosiding Seminar Nasional Pakar Buku II, ISSN 2615-3343, 1–11.

Chen, X., Hu, N., Wang, X., & Tang, X. (2014). Tax avoidance and firm value: evidence from China. Nankai Business Review International, 5(1), 25–42. https://doi.org/10.1108/NBRI-10-2013-0037

Tambunan, D. N., & Septiani. (2017). Cash Holding Perusahaan dengan Leverage dan Return on Asset ( ROA ) sebagai Variabel Moderasi. Diponegoro Journal of Accounting, 6(4), 1–12.

Kurniawan, M. I., & Nuryanah, S. (2017). The effect of corporate tax avoidance on the level of corporate cash holdings: Evidence from indonesian public listed companies. Australasian Accounting, Business and Finance Journal, 11(4), 38–52. https://doi.org/10.14453/aabfj.v11i4.4

Sukirmo. (2015). INDOFOOD (INDF) Jual 2 Anak Usaha, Begini Ceritanya. Www.Market.Bisnis.Com. https://market.bisnis.com/read/20150115/192/391456/indofood-indf-jual-2-anak-usaha-begini-cerita

Sari, D. P. (2018). Dalam Pailit, Utang DAJK Rp1,15 Triliun. Www.Kabar24.Bisnis.Com. https://kabar24.bisnis.com/read/20180103/16/723138/dalam-pailit-utang-dajk-rp115-triliun

Alamijaya, Januar. (2018). Perusahaan Teh Sariwangi Bangkrut , Kronologis Dibalik Bangkrutnya Pelopor Teh Celup Di Indonesia. TribunKaltim.Co. 2018. https://kaltim.tribunnews.com/2018/10/18/perusahaan-teh-sariwangi-bangkrut-kronologis-dibalik-bangkrutnya-pelopor-teh-celup-di-indonesia.

Wahyuni, Nurseffi Dwi. (2018). Sariwangi Dinyatakan Pailit. Liputan6.Com. 2018. https://m.liputan6.com/bisnis/read/3670168/sariwangi-dinyatakan-pailit