Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh ukuran perusahaan, net working capital, cash flow, cash conversion cycle, dan leverage terhadap nilai perusahaan dan cash holding secara simultan maupun parsial. Penelitian ini juga bertujuan untuk mengetahui dan menganalisis pengaruh ukuran perusahaan, net working capital, cash flow, cash conversion cycle, dan leverage terhadap cash holding melalui nilai perusahaan pada perusahaan consumer goods yang terdaftar di Bursa Efek Indonesia periode 2014-2018. Populasi dalam penelitian ini adalah perusahaan consumer goods yang terdaftar di Bursa Efek Indonesia untuk periode 2014- 2018. Sampel dalam penelitian ini dengan metode purposive sampling berjumlah sebanyak 25 perusahaan. Berdasarkan hasil pengujian, secara simultan ukuran perusahaan, net working capital, cash flow, cash conversion cycle, dan leverage berpengaruh terhadap nilai perusahaan dan cash holding. Secara parsial ukuran perusahaan dan leverage berpengaruh positif signifikan terhadap nilai perusahaan, net working capital, cash flow, dan cash conversion cycle tidak berpengaruh terhadap nilai perusahaan. Selain itu, secara parsial variabel cash flow dan nilai perusahaan berpengaruh positif signifikan terhadap cash holding, cash conversion cycle berpengaruh negative signifikan terhadap cash holding, ukuran perusahaan, net working capital, dan leverage tidak berpengaruh terhadap cash holding pada perusahaan consumers goods yang terdaftar di Bursa Efek Indonesia periode 2014-2018. Nilai Perusahaan berfungsi sebagai variabel intervening pada Ukuran Perusahaan dan Leverage terhadap Cash Holding pada perusahaan consumers goods yang terdaftar di Bursa Efek Indonesia periode 2014 sampai 2018.
This research aims to determine and analyze the influence of Profitability, Managerial Ownership, Firm Size in Debt Policy with Investment Opportunity Set as a moderating variable. The populations in this research were 177 companies. The sampling method in this research was purposive sampling and obtained 19 sample companies. Analysis of data method used multiple linear regression analysis and regression analysis moderating variable with absolute difference value method.The result of analysis shows that simultaneously Profitability, Managerial Ownership, Firm Size have a significant effect on Debt Policy. Partially, Profitability, Managerial Ownerdhip have a significant effect on Debt Policy. While Firm Size have a not significant on Debt Policy. And Investment Opportunity Set is not able to moderate the relationship between Profitability, Managerial Ownership, and Firm Size
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