Cash Holding and Value of Indonesia Manufacturing Companies Listed in Indonesia Stock Exchange

Abstract

The research aims at testing the association between cash holding and firm value. Population of research is manufacturing companies listed at Indonesian Stock Exchanges during period 2015-2018. Sample of research consist of 63 companies selected by using purposive sampling and using annual data. Data analyzed using simple linear regression model and using SPSS 20. The research result indicates that cash holding significantly has a negative effect on firm value.