Electronic Theses and Dissertation

Pengaruh free cash flow, cash holding dan kinerja keuangan terhadap overinvesment pada perusahaan manufaktur yang terdaftar di bursa efek indonesia oleh : wildan khair.m npm : 2001203010025 pembimbing : 1. dr. yossi diantimala, s.e., m.si., ak., c.a. 2. dr. fifi yusmita, s.e., m.si abstrak penelitian ini bertujuan untuk mengetahui pengaruh free cash flow, cash holding dan kinerja keuangan terhadap overinvestment pada perusahaan manufaktur yang terdaftar di bursa efek indonesia. data yang digunakan dalam penelitian ini adalah data panel yang diambil dari 63 perusahaan selama lima tahun (2017–2021), dengan 315 observasi dan analisis data menggunakan path analysis. hasil penelitian juga mendukung hipotesis bahwa free cash flow, cash holding, dan kinerja keuangan berpengaruh positif terhadap terhadap overinvesment. berdasarkan analisis data menggunakanm kata kunci: free cash flow, cash holding, kinerja keuangan dan ovrinvesment.

PENGARUH FREE CASH FLOW, CASHHOLDING DAN KINERJA KEUANGAN TERHADAP OVERINVESMENT PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA Oleh : Wildan Khair.M NPM : 2001203010025 Pembimbing : 1. Dr. Yossi Diantimala, S.E., M.Si., Ak., C.A. 2. Dr. Fifi Yusmita, S.E., M.Si. ABSTRACT This study aims to determine the effect of free cash flow, cash holding, and financial performance on overinvestment in manufacturing companies listed on the Indonesia Stock Exchange. The population in this study was calculated using the slovin formula so that it became 63 companies with the 2017-2021 observation year. The sample in this study was 315. The data analysis technique in this study used multiple linear regression analysis. The type of data used in this study is secondary data. The results show that free cash flow, cash holding, and financial performance simultaneously have a simultaneous effect on overinvestment in manufacturing companies listed on the Indonesia Stock Exchange. Free cash flow partially affects overinvestment in manufacturing companies listed on the Indonesia Stock Exchange. Cash holding partially affects overinvestment in manufacturing companies listed on the Indonesia Stock Exchange. Financial performance partially has an effect on Keywords: free cash flow, cash holding, financial performance and overinvesment. vi