Hasil Pencarian  ::  Simpan CSV :: Kembali

"Penelitian ini menginvestigasi determinan pemegangan kas pada perusahaan non keuangan di Indonesia periode 2002 2011 Penelitian ini fokus pada hubungan antara pemegangan kas dan trade credit Perusahaan dapat menggunakan credit management untuk mengatur tingkat pemegangan kas perusahaan Ada beberapa hal yang didapatkan dari penelitian ini Pertama peneliti mendapatkan adanya dampak asimetris dari hutang usaha dan piutang usaha pada pemegangan kas perusahaan dimana credit receivable tidak dapat dijadikan substitusi dari kas untuk menutupi credit payable karena adanya risiko piutang tak tertagih Kemudian peneliti mendapatkan bahwa pemegangan kas tidak secara signifikan memiliki hubungan dengan credit payable dan pemegangan kas secara signifikan memiliki hubungan dengan credit receivable Di Indonesia sebagian besar variabel yang digunakan pada penelitian ini relevan untuk menjelaskan kebijakan pemegangan kas Kata Kunci Determinan Hutang Usaha Pemegangan Kas Piutang Usaha Trade Credit. ......This research investigates the determinants of the cash holdings of non financial Indonesia firms over the period 2002 2011 This paper focus on the relationship between cash holding and trade credit Firms can use credit management to manage cash holding There are few findings first this research document an asymmetric effect of trade payables and trade receivables on cash holding in that firms don rsquo t use the credit receivables as a substitute for cash to cover trade payables caused the risk of non payment of these receivables Furhermore there is no significant relationship between credit payable and cash holding and significant relationship between credit receivable and cash holding In Indonesia setting most of the variables that are relevant for explaining cash holdings Key words Cash Holding Determinan Receivable Payable Trade Credit."

"[ABSTRAKPenelitian ini bertujuan untuk menganalisis hubungan simultan antara tingkat pemegangan kas dan pembayaran dividen pada perusahaan di Indonesia, menganalisis faktor-faktor fundamental yang menentukan kedua variabel tersebut, serta menjelaskan hubungannya pada setiap siklus ekonomi. Sampel penelitian terdiri atas 238 perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) pada periode 2005-2013, yang terbagi dalam tiga subsampel siklus ekonomi: boom, crisis, dan recovery. Pengujian dilakukan menggunakan model simultan pada data panel. Hasil penelitian menunjukkan bahwa terdapat hubungan simultan negatif antara cash holdings dengan pembayaran dividen. Cash holdings ditentukan oleh leverage, risiko bisnis, dan rasio working capital, sedangkan pembayaran dividen dipengaruhi oleh growth opportunity.

---

ABSTRACT

;This research aims to analyze the simultaneous relationship between corporate cash holdings and dividend payments in Indonesia, financial factors determining both variables, and its relationship on different economic cycles. The sample of this study consist of 238 companies listed on Indonesia Stock Exchange (BEI) on 2005-2013, which are categorized into three economic cycle subsamples: boom, crisis, and recovery. This research employs simultaneous model on panel data. The results show the existence of negative simultaneity between cash holdings and dividend payments. Cash holdings determined by leverage, business risk, and working capital ratio, while dividend payment is affected by growth opportunity.

, This research aims to analyze the simultaneous relationship between corporate cash holdings and dividend payments in Indonesia, financial factors determining both variables, and its relationship on different economic cycles. The sample of this study consist of 238 companies listed on Indonesia Stock Exchange (BEI) on 2005-2013, which are categorized into three economic cycle subsamples: boom, crisis, and recovery. This research employs simultaneous model on panel data. The results show the existence of negative simultaneity between cash holdings and dividend payments. Cash holdings determined by leverage, business risk, and working capital ratio, while dividend payment is affected by growth opportunity.

]"