Pengaruh Investment Opportunity Set, Cash Conversion Cycle, Dan Agresivitas Pajak Terhadap Cash Holding Pada Perusahaan Property Dan Real Estate

Nur Ichnisa Suci, Endang Ruhiyat

Abstract


This study has a purpose to get empirical evidence about the effect of investment opportunity set, cash conversion cycle and tax aggressiveness to cash holding. This research used panel data and EVIEWS 10 to analyze the data. The research model is Fixed Effect Model (FEM) that used property and real estate companies listed on Indonesia Stock Exchange at 2015-2019 as the population. The sampling method used purposive sampling method with 25 companies selected as samples. The research result shows that: 1) investment opportunity set, cash conversion cycle and tax aggressiveness simultaneously have a significant effect on cash holding. 2) investment opportunity set has significant effect on cash holding, it is in accordance with the pecking order theory and agency theory, which the greater IOS value, the greater cash holding. 3) cash conversion cycle has significant effect on cash holding, which based on pecking order theory and agency theory, the longer CCC period then the bigger cash holding is needed for working capital. 4) tax aggressiveness has no significant effect on cash holding, this is because in making decisions relate to tax aggressiveness, managers do not see the company's cash holdings.

Pratiwi, S. (2018). Pengaruh Leverage, Investment Opportunity Set (IOS), dan Cash Conversion Cycle terhadap Cash Holding. Yogyakarta: Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Yogyakarta.


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References


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