Pengaruh Sales Growth, Cash Flow, Cash Conversion Cycle dan Investment Opportunity Set terhadap Cash Holding

Authors

  • Nita Nurhamidiyah Universitas Pamulang, Tangerang Selatan, Indonesia
  • Tri Utami Universitas Pamulang, Tangerang Selatan, Indonesia

DOI:

https://doi.org/10.32493/jiaup.v13i1.45489

Keywords:

Sales Growth, cash flow, cash conversion cycle, Invesment Opportunity Set

Abstract

This study aims to analyze the impact of sales growth, cash flow, cash conversion cycle, and investment opportunity set on cash holding. This type of research is quantitative research with an associative approach. The population in this study is property and real estate sector companies listed on the Indonesia Stock Exchange from 2019-2023. The sampling method used in this study is purposive sampling. Hypothesis testing is conducted using panel data regression with the help of Eviews software. The results of the study indicate that simultaneously, the variables of sales growth, cash flow, cash conversion cycle, and investment opportunity set have an influence on cash holding. However, partially, sales growth, cash flow, and cash conversion cycle do not influence cash holding. Meanwhile, the structure of the investment opportunity set has an impact on cash holding.

 Keywords: Sales Growth, Cash Flow, Cash Conversion Cycle, and Investment Opportunity Set.

 ABSTRAK

 Penelitian ini bertujuan untuk menganalisis pengaruh sales growth, cash flow, cash conversion cycle, dan investment opportunity set terhadap cash holding. Jenis penelitian ini adalah penelitian kuantitatif dengan pendekatan asosiatif. Populasi dalam penelitian ini adalah perusahaan sektor property dan real estate yang terdaftar di Bursa Efek Indonesia tahun 2019-2023. Metode pengambilan sampel yang digunakan dalam penelitian ini adalah purposive sampling. Pengujian hipotesis dilakukan dengan menggunakan regresi data panel dengan bantuan software Eviews. Hasil penelitian menunjukkan bahwa secara simultan variabel sales growth, cash flow, cash conversion cycle, dan investment opportunity set memiliki pengaruh terhadap cash holding. Namun secara parsial sales growth, cash flow, dan cash conversion cycle tidak berpengaruh terhadap cash holding. Sedangkan struktur investment opportunity set memiliki pengaruh terhadap cash holding.

Kata Kunci: Sales Growth, Cash Flow, Cash Conversion Cycle, dan Investment Opportunity Set.

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Published

2025-01-31

Issue

Vol. 13 No. 1 (2025): Jurnal Ilmiah Akuntansi Universitas Pamulang

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Copyright (c) 2025 Nita Nurhamidiyah, Tri Utami

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