Musytari : Jurnal Manajemen, Akuntansi, dan Ekonomi

Vol. 25 No. 1 (2025): Musytari: Neraca Manajemen, Akuntasi, dan Ekonomi, ISSN 3025-9495
Articles

Cash Holding and Its Determinants: Evidence from Indonesia’s Property and Real Estate

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  • Lailatul Istianah,
  • Anisa
Lailatul Istianah
Universitas Pamulang
Anisa
Universitas Pamulang

Published 2025-12-01

Keywords

  • Cash holding,
  • Cash conversion,
  • Cash flow,
  • Investment opportunity set,
  • Devidend payments

How to Cite

Cash Holding and Its Determinants: Evidence from Indonesia’s Property and Real Estate. (2025). Musytari : Jurnal Manajemen, Akuntansi, Dan Ekonomi, 25(1), 151-160. https://cibjournal.com/index.php/musytari/article/view/2527

Abstract

The research aims to examine the effects of cash conversion cycle, cash flow, investment opportunity set, and dividend payment on cash holding. This research employs a quantitative approach using panel data regression analysis with EViews 13. The samples were selected using a purposive sampling technique. The result show that the cash conversion cycle and dividend payment have no effect on cash holding. While cash flow and investment opportunity set have an effect on cash holding. Simultaneously, all four variables influence cash holding. These findings highlight the importance of effective cash flow management and investment opportunity utilization to maintain an optimal level of cash. It is also essential to consider all relevant factors in cash management. This research focuses on property and real estate companies listed on the Indonesia Stock Exchange during 2019-2023.

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