Cash Holding in Indonesia

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Published Jan 31, 2025
https://doi.org/10.53935/jomw.v2024i4.950
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Vol. 2025 No. 2 (2025)

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Adler Haymans Manurung
University of Bhayangkara Jakarta Raya, Indonesia.
Nera Marinda Machdar
University of Bhayangkara Jakarta Raya, Indonesia.
Ch. Indra W. P. Hatibie
University of Bhayangkara Jakarta Raya, Indonesia.
Wirawan Widjanarko
University of Bhayangkara Jakarta Raya, Indonesia.
Gerry Juan Carlos Manurung
University of Bhayangkara Jakarta Raya, Indonesia.

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, Return on Assets, Debt to Equity Ratio, Interest 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 in retail industry. The results found that coefficient of correlation among variable is below of 0.5, Gross Profit Margin, Accounts Receivable and Account Payable, ROA and DER and COVID-19 significantly affect cash holding.

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How to Cite
Manurung, A. H., Machdar, N. M., Hatibie, C. I. W. P., Widjanarko, W., & Manurung, G. J. C. (2025). Cash Holding in Indonesia. Journal of Management World, 2025(2), 392–398. https://doi.org/10.53935/jomw.v2024i4.950