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Journal : Economic Reviews Journal

Determinan Cash Holding Perusahaan Sub Industri Perkebunan dan Tanaman Pangan di Indonesia Rizkiyah, Zaidah; Darto, Darto
Economic Reviews Journal Vol. 5 No. 1 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i1.1031

Abstract

The plantation and food crop sector plays and important role in the Indonesian economy, but this industry faces the risk of price fluctuations and operational instability, which requires companies to maintain liquidity through optimal cash holding policies. This study aims to analyze the effect of Current Ratio (CR), Debt to Equity Ratio (DER), Return on Asset (ROA), and Firm Size on Cash Holding in plantation and food crop sub-industry companies listed on Indonesia Stock Exchange during the periode 2020-2024. The research method use a quantitative approach with panel data regression analysis and a sample selection of  20 companies through purposive sampling. The result of this study indicate that CR, DER, and Firm Size have a positive but insignificant effect on Cash Holdings, while ROA has a positive and significant effect on Cash Holdings. An R2 value of  0.7745 indicates that the independent variables are able to explain 77,45% of Cash Holding. These findings imply that profitability is a major factor that strengthens a company’s ability to maintain cash, so management needs to optimize asset performance. In addition, the results of this study can be taken into consideration by investors in assessing the financial stability of companies and a reference for further research.
Co-Authors Abas, Azlan Abdullah, Muhammad Solihin Aditiany, Savitri Agus Iswantoko Aiyub, Kadaruddin Ali Murtadho, Mohammad Alifa, Rosita Andry Priharta Angelia Ratnasari, Affi Anggraeni, Asih Annaufal, Ubbayu Arista, Juliana Ashari, Ari Bagiasna, Komang Bilal Syahrul Istiqlal, Ahmad Budiman Rusli Cantika, Arinda Dian Nur Aini, Dian Nur Eko Retnowati, Eko Elisa Susanti Eriana Melinawati Fadhilah, Wahyu Ilham Farras Wahdan, Arib Fauzi, Muhammad Rifqi Firman Nusa, Rafi Handoyo Saputro, Handoyo Haryanto, Lorenta In Hasan, Saiful Hasanah Hasanah Helfi Gustia Hermawan Udiyanto Hermawan, Rizki Heru Priyanto Heru Priyanto Hidayat, Sri I Made Sunada Istiqomah, Dwi Warda Kurnia Irawati, Raden Roro Astrid Kurniawan, Pradhana Laqif, Abdurahman Lemsoh, Jarunee Maryati Maryati Miftah Andriansyah, Miftah Miftah, Ahmad Zaini Mudasir Mudasir Muharam, Riki Satia Muhtady, Dedi Muhtar, Entang Adhy Muksin, Nani Nuraini Natalia, Deska Nazifah Husainah Ngudi Insan Ksyatria, Yudhistira Nina Karlina Nuraeni, Annisa Suci Nurlaily Rafikalia Iskandar, Winda Nursanti, Erma OKTA MAHENDRA, OKTA Prisasanti, Dympna Prameilita Puji Hariati Winingsih, Puji Hariati Putri, Rachma Ghevira Rahmad Mulyadi Rahmawati, Astri Rantasari, Affi Angelia Ratnasari, Affi Angelia Ratri Ariatmi Nugrahani Rd. Ahmad Buchari, Rd. Ahmad Renty Anugerah Mahaji Puteri Renty Anugerah Mahaji Putri Rizkiyah, Zaidah Rohmah, Fadillah Nur Rusdijanto Rusdijanto, Rusdijanto Sari, Fatma Sebastian, Rio Sholihah, Sitta Hasanatin Sudjatmiko Sudjatmiko, Sudjatmiko Sulaiman Zuhdi Suryasari, Gadis Tazid, Abu Teguh Prakosa, Teguh Thahir, Musa Tri Yuni Hendrawati Tria Astika Endah Permatasari Ucu Koswara, Ucu Uki Retno Budihastuti Ummul Habibah Hasyim Wardatul Mufidah Wasyanto, Trisulo Wibowo, Sandi Yusuf Heri Widya Dwiyanti Wijayanti, Agung Sari Wusono, Ciska Nabilla