Determinants of Cash Holding: An Empirical Study of Non-Cyclical Consumer Companies on the Indonesia Stock Exchange

Authors

  • Cut Tifani Urahmah Universitas S yiahkuala
  • Rita Meutia Universitas Syiahkuala
  • Raida Fuadi Universitas Syiahkuala

DOI:

https://doi.org/10.29103/jak.v13i2.24162

Abstract

This study aims to examine the effect of net working capital, growth opportunity, and leverage on cash holding in non-cyclical consumer sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2023 period. The results show that simultaneously, net working capital, growth opportunity, and leverage have a significant effect on cash holding. Partially, net working capital has a significant positive effect on cash holding while growth opportunity has no effect on cash holding, and the leverage variable has a negative effect on cash holding. Future research is recommended to cover more industrial sectors as well as a longer period of time and can add other variables using different analytical methods.

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Published

2025-09-15

Issue

Vol. 13 No. 2 (2025): Jurnal Akuntansi dan Keuangan: September 2025

Section

Articles

License

Copyright (c) 2025 CUT TIFANI URAHMAH, Rita Meutia

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Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.