Ikonomika : Jurnal Ekonomi dan Bisnis Islam
Vol 4, No 2 (2019)

Religious and Cash Holding: Evidence from Indonesia

Hendrawaty, Ernie (Unknown)
Pranyoto, Edi (Unknown)
Abubakar, PhD, Adam Muhammad (Unknown)



Article Info

Publish Date
24 Jan 2020

Abstract

This research examines the effect of religiosity on the cash holding. The method used to test the model is panel data regression by investigating the effect of religiosity on the cash holding of shari'a and non-shari'a companies. The results show that  Religiosity (Islamic Dichotomic), showing a positive and significant coefficient on cash holdings. Companies with a high level of religiosity hold significant amounts of cash. The companies hold cash to reduce risk by reducing debt financing. Keywords: cash holdings, religiosity, risk

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Journal Info

Abbrev

IKONOMIKA

Publisher

Subject

Economics, Econometrics & Finance

Description

IKONOMIKA: focused on primary studies: Islamic management, Islamic finance, Islamic Accounting, Islamic banks, and halal markets, has initiated the development of global economic advantages. Islamic based economics could not be seen as independent variable standing on side-by-side with conventional ...