The Impact of Capital expenditure, Cash Conversion Cycle, and Corporate Governance on Cash Holding with Firm Size as Moderating Variable
Pengaruh Capital expenditure, Cash Conversion Cycle, dan Corporate Governance Terhadap Cash Holding dengan Firm size sebagai Variabel Moderasi
DOI:
https://doi.org/10.21070/ups.787Keywords:
Capital Expenditure, Cash Conversion Cycle, Corporate Governance, Cash Holding, Firm SizeAbstract
The company's financial condition can be seen from the company's cash management with an optimal level of Cash Holding. This study intended to determine the effect of capital expenditure, cash conversion cycle, and Corporate governance on Cash Holdings with Firm size as a moderating variable. This research uses quantitative methods. The population is the consumer goods industry sector companies listed on the Indonesia Stock Exchange during 2017-2021 as many as 84 companies, then 54 companies were taken using a purposive sampling technique. The data analysis technique used is Partial Least Square (PLS) with the SmartPLS 3 application. The results show that capital expenditure and Cash Conversion Cycle have no effect on Cash Holdings. Meanwhile, Corporate governance have the effect on Cash Holding. Firm size can moderates the effect of Corporate governance on Cash Holding, Firm size can't moderate the effect of capital expenditure and Cash Conversion Cycle on Cash Holding.
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