Electronic Theses and Dissertation

Penelitian ini bertujuan untuk menguji pengaruh net working capital, growth opportunity, dan leverage terhadap cash holding pada perusahaan sektor consumer non-cyclical yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2021- 2023. Populasi penelitian mencakup seluruh perusahaan di sektor consumer non- cyclical, dengan sampel yang diambil menggunakan teknik purposive sampling, menghasilkan 80 perusahaan dengan total 240 observasi. Penelitian ini menggunakan pendekatan kuantitatif dengan metode analisis regresi berganda menggunakan software SPSS versi 26. Hasil penelitian menunjukkan bahwa secara simultan, net working capital, growth opportunity, dan leverage berpengaruh signifikan terhadap cash holding. Secara parsial, net working capital memiliki pengaruh positif yang signifikan terhadap cash holding sedangkan growth opportunity tidak berpengaruh terhadap cash holding, dan variabel leverage berpengaruh negatif terhadap cash holding. Penelitian selanjutnya disarankan untuk mencakup lebih banyak sektor industri serta periode waktu yang lebih panjang dan dapat menambahkan variabel lain dengan menggunakan metode analisis yang berbeda.

Kata Kunci: Cash Holding, Modal Kerja Bersih, Peluang Pertumbuhan, Leverage.

This study aims to examine the effect of net working capital, growth opportunity, and leverage on cash holding in non-cyclical consumer sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2023 period. The research population includes all companies in the consumer non-cyclical sector, with samples taken using purposive sampling technique, resulting in 80 companies with a total of 240 observations. This study uses a quantitative approach with multiple regression analysis methods using SPSS software version 26. The results showed that simultaneously, net working capital, growth opportunity, and leverage have a significant effect on cash holding. Partially, net working capital has a significant positive effect on cash holding while growth opportunity has no effect on cash holding, and the leverage variable has a negative effect on cash holding. Future research is recommended to cover more industrial sectors as well as a longer period of time and can add other variables using different analytical methods. Keywords: Cash Holding, Net Working Capital, Growth Opportunity, Leverage.