Determinant of Cash Holding in Indonesia
Vol. 4 No. 2 (2025), Articles
Vol. 4 No. 2 (2025)

Determinant of Cash Holding in Indonesia

Articles
https://doi.org/10.62754/joe.v4i2.5733
Published 2025-01-07
Wirawan Widjanarko
Senior Lecturer, University of Bhayangkara Jakarta Raya
Adler Haymans Manurung
Professor Finance and Banking, University of Bhayangkara Jakarta Raya
Nera Marinda Machdar
Professor Accounting, University of Bhayangkara Jakarta Raya
Gerry Juan Carlos Manurung
PhD Student, University of Bhayangkara Jakarta Raya
Ch. Indra W. P. Hatibie
Senior Lecturer, University of Bhayangkara Jakarta Raya
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Keywords

Cash Holding
Operational Cost
Account Payable
Account Receivable

How to Cite

Widjanarko, W. ., Manurung, A. H. ., Machdar, N. M. ., Manurung, G. J. C. ., & Hatibie, C. I. W. P. . (2025). Determinant of Cash Holding in Indonesia. Journal of Ecohumanism, 4(2), 14–. https://doi.org/10.62754/joe.v4i2.5733
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Abstract

This paper has objective to explore determinant of Cash Holding in Emerging Market. Variable is used to determine cash holding which is Gross Profit Margin, Accounts Receivable and Account Payable, Operational Cost, Exchange Rate and COVID-19.  This paper used panel data Model to estimate relationship among variable.  Research period is from 2016 to 2023 and 15 Companies. The results found that Gross Profit Margin, Accounts Receivable and Account Payable and COVID-19 significantly affect cash holding.   

 

https://doi.org/10.62754/joe.v4i2.5733
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