Page Header Logo

Cover Page

Journal Content
Browse
  • By Issue
  • By Author
Information
  • For Readers
  • For Authors
  • For Librarians
Current Issue
Atom logo
RSS2 logo
RSS1 logo
  • About the Journal
  • Aims and Scope
  • Submission
  • Author Guidelines
  • Review Process
  • Privacy Statement
  • Article Processing charges
  • Publication Ethics
  • Open Access
  • Copyright and License
  • Archive Policy
  • Plagiarism Policy

Template Cover Page Cover Page
Similarity Checker

Cover Page

Member of

Cover Page

Statistics


Flag Counter

  • Home
  • Current
  • Announcement
  • Archive
  • Editorial Team
  • Reviewers
  • Contact us
  • Search
Home > Articles

Pengaruh Internal Information Quality, Foreign Institutional Ownership dan Financial Constraints terhadap Cash Holding Pada Perusahaan Non Keuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2022

  • Afifah Ammanda
    Economics and Business, Andalas University

  • Masyhuri Hamidi
    Economics and Business, Andalas University

  • Fajri Adrianto
    Economics and Business, Andalas University


DOI: https://doi.org/10.37034/infeb.v6i3.922
Keywords: Internal Information Quality, Foreign Institutional Ownership, Financial Constraints, Firm Size, Leverage, Growth Opportunity

Abstract

This study aims to look at the factors that influence cash holding in non-financial companies. The independent variables use in this study are internal information quality, foreign institutional ownership and financial constraints and this study uses control variables firm size, leverage and growth opportunity. The data analysis technique used in this research is panel data regression. Based on the results of the research conducted, it was found that the internal information quality has a negative and significant effect on cash holding. Foreign institutional ownership has no significant effect on cash holding. Financial constraints also has no significant effect on cash holding. The control variable firm size has no significant effect on cash holding. The control variable leverage has a negative and significant effect on cash holding. The control variable growth opportunity also has a negative and significant effect on cash holding.

Downloads

Download data is not yet available.

References

Al-Najjar, B. (2013). The Financial Determinants of Corporate Cash Holdings: Evidence From Some Emerging Markets. International Business Review, 22(1), 77–88. DOI: https://doi.org/10.1016/j.ibusrev.2012.02.004 .

Guizani, M., & Ajmi, A. N. (2023). Do Macroeconomic Conditions Affect Corporate Cash Holdings and Cash Adjustment Dynamics? Evidence From GCC Countries. International Journal of Emerging Markets, 18(9), 2643–2662. DOI: https://doi.org/10.1108/IJOEM-03-2020-0291 .

Alfira, A., Rasita, R., Alvina, J., Khorico, C., & Tanjung, M. A. (2021). Debt to Asset Ratio, Growth Opportunity dan Cash Flow terhadap Cash Holding pada Perusahaan Consumer Goods. Jurnal Penelitian dan Pengembangan Sains dan Humaniora, 5(2), 288–294. DOI: https://doi.org/10.23887/jppsh.v5i2.35858 .

Bai, X., Han, J., Ma, Y., & Zhang, W. (2022, December 1). ESG Performance, Institutional Investors’ Preference and Financing Constraints: Empirical Evidence From China. Borsa Istanbul Review. Borsa Istanbul Anonim Sirketi. DOI: https://doi.org/10.1016/j.bir.2022.11.013 .

Belghitar, Y., & Khan, J. (2013). Governance Mechanisms, Investment Opportunity Set and Smes Cash Holdings. Small Business Economics, 40(1), 59–72. DOI: https://doi.org/10.1007/s11187-011-9366-z .

Boubaker, S., Derouiche, I., & Nguyen, D. K. (2015). Does The Board of Directors Affect Cash Holdings? A Study of French Listed Firms. Journal of Management and Governance, 19(2), 341–370. DOI: https://doi.org/10.1007/s10997-013-9261-x .

Chireka, T., & Fakoya, M. B. (2017). The determinants of corporate cash holdings levels: Evidence from selected South African retail firms. Investment Management and Financial Innovations, 14(2), 79–93. DOI: https://doi.org/10.21511/imfi.14(2).2017.08 .

Farre-Mensa, J., & Ljungqvist, A. (2016). Do Measures of Financial Constraints Measure Financial Constraints?. Review of Financial Studies, 29(2), 271–308. DOI: https://doi.org/10.1093/rfs/hhv052 .

Qasim, S., Rizov, M., & Zhang, X. (2021). Financial Constraints and the Export decision of Pakistani firms. International Journal of Finance and Economics, 26(3), 4557–4573. DOI: https://doi.org/10.1002/ijfe.2030 .

Chu, S., Oldford, E., & Gao, C. (2023). Does Social Capital Alleviate Financing Constraints? A Study of China’s Creative Economy. Asia-Pacific Journal of Accounting and Economics, 30(6), 1518–1541. DOI: https://doi.org/10.1080/16081625.2022.2067882 .

Konte, M., & Ndubuisi, G. (2021). Financial Constraint, Trust, and Export Performances: Firm-level Evidence from Africa. Journal of Institutional Economics, 17(4), 583–605. DOI: https://doi.org/10.1017/S1744137421000059 .

Gang, I. N., Raj Natarajan, R., & Sen, K. (2022). Finance, Gender, and Entrepreneurship: India’s Informal Sector Firms. Journal of Development Studies, 58(7), 1383–1402. DOI: https://doi.org/10.1080/00220388.2022.2061855 .

Thanh Liem, N. (2021). Accounting Comparability and Accruals-Based Earnings Management: Evidence On Listed Firms In An Emerging Market. Cogent Business and Management, 8(1). DOI: https://doi.org/10.1080/23311975.2021.1923356 .

Acebo, E., Miguel-Dávila, J. Á., & Nieto, M. (2022). Do Financial Constraints Moderate The Relationship Between Innovation Subsidies And Firms’ R&D Investment?. European Journal of Innovation Management, 25(2), 347–364. DOI: https://doi.org/10.1108/EJIM-07-2020-0286 .

Karas, M., & Režňáková, M. (2021). The role of financial constraint factors in predicting SME default. Equilibrium. Quarterly Journal of Economics and Economic Policy, 16(4), 859–883. DOI: https://doi.org/10.24136/eq.2021.032 .

Sun, W., Yin, C., & Zeng, Y. (2022). Financial Hedging, Corporate Cash Policy, and the Value of Cash. British Journal of Management, 33(3), 1271–1303. DOI: https://doi.org/10.1111/1467-8551.12520 .

Faulkender, M., & Wang, R. (2006). Corporate Financial Policy and The Value of Cash. Journal of Finance, 61(4), 1957–1990. DOI: https://doi.org/10.1111/j.1540-6261.2006.00894.x .

Chakraborty, A., Baum, C. F., & Liu, B. (2017). Corporate Financial Policy and The Value of Cash Under Uncertainty. International Journal of Managerial Finance, 13(2), 149–164. DOI: https://doi.org/10.1108/IJMF-12-2015-0210 .

Ramelli, S., & Wagner, A. F. (2020). Feverish stock price reactions to COVID-19. Review of Corporate Finance Studies, 9(3), 622–655. DOI: https://doi.org/10.1093/rcfs/cfaa012 .

Agustianingrum, S., Suwarti, T., & Masdjojo, G. N. (2023). Pengaruh Kebijakan Utang, Good Corporate Governance, Cash Holding, dan Sales Growth terhadap Nilai Perusahaan (Pada Perusahaan Manufaktur yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2018-2021). Journal of Economic, Bussines and Accounting (COSTING), 6(2), 1658–1672. DOI: https://doi.org/10.31539/costing.v6i2.5462 .

Download
Published
2024-08-05
Issue
Vol. 6, No. 3 (September 2024)
Section
Articles
How to Cite
Ammanda, A., Hamidi, M., & Adrianto, F. (2024). Pengaruh Internal Information Quality, Foreign Institutional Ownership dan Financial Constraints terhadap Cash Holding Pada Perusahaan Non Keuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2022. Jurnal Informatika Ekonomi Bisnis, 6(3), 562-568. https://doi.org/10.37034/infeb.v6i3.922
  • ACM
  • ACS
  • APA
  • ABNT
  • Chicago
  • Harvard
  • IEEE
  • MLA
  • Turabian
  • Vancouver
Download Citation
  • Endnote/Zotero/Mendeley (RIS)
  • BibTeX
Creative Commons License

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



Indexing and Abstractions:

Published:

       Creative Commons License
       This work is licensed under a Creative Commons Attribution 4.0 International Public License (CC BY 4.0).