지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 저널정보
- 대한산업공학회 Industrial Engineering & Management Systems Industrial Engineering & Management Systems Vol.19 No.3
- 발행연도
- 2020.9
- 수록면
- 527 - 537 (11page)
- DOI
- 10.7232/iems.2020.19.3.527
이용수
초록· 키워드
오류제보하기
The purpose of this study is to explore determinant factors that enable mining companies for cash holding in Indonesia. The panel data gathered from 40 financial statements of mining companies in Indonesia for the period 2013-2017 with a total of 200 observations. The panel data regression analysis used to examine and select the best model by utilizing the common effect model, fixed effect model and random effect model. The results of the study found that a cash holding company was determined by the return on assets, return on equity, net capital working, firm size, leverage and cash conversion cycle. All research variables mentioned above support trade-off theory except return on assets. The limitation of this study emerged since it made no separate discussion between the largest and the smallest cash holding companies. The results of this study have implications for management and companies to investigate other indicators enabling companies to conduct cash holding. Some suggested variables are macroeconomic factors, payment of dividends and investment opportunities and separation of large and small companies. The management of mining companies in managing cash holding was required to observe closely to the independent variables that match the trade-off or pecking order theory even the free cash flow theory.
목차
ABSTRACT
1. INTRODUCTION
2. LITERATURE REVIEW
3. METHODOLOGY
4. RESULTS AND DISCUSSION
5. CONCLUSION
REFERENCES
참고문헌 (63)
참고문헌 신청
Abdioğlu, N. / 2016 / Corporate cash holdings and corporate governance quality in Turkey / UluslararasıYönetim İktisat ve İşletme Dergisi 30:802~811
Meike Ahrends / 2018 / Corporate cash holdings in the shipping industry / Transportation Research Part E: Logistics and Transportation Review 112:107~124
Akben-Selcuk, E. / 2017 / Global Business Strategies in Crisis: Strategic Thinking and Development / Springer International Publishing :417~428
Basil Al-Najjar / 2013 / The financial determinants of corporate cash holdings: Evidence from some emerging markets / International Business Review 22(1):77~88
Al-Najjar, B. / 2017 / Corporate governance and cash holdings in MENA : Evidence from internal and external governance practices / Research in International Business and Finance 39:1~12
Meike Ahrends / 2018 / Corporate cash holdings in the shipping industry / Transportation Research Part E: Logistics and Transportation Review 112:107~124
Akben-Selcuk, E. / 2017 / Global Business Strategies in Crisis: Strategic Thinking and Development / Springer International Publishing :417~428
Basil Al-Najjar / 2013 / The financial determinants of corporate cash holdings: Evidence from some emerging markets / International Business Review 22(1):77~88
Al-Najjar, B. / 2017 / Corporate governance and cash holdings in MENA : Evidence from internal and external governance practices / Research in International Business and Finance 39:1~12
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