Research in Accounting Journal
Vol. 6 No. 2 (2025): RAJ (Research in Accounting Journal)

Determinants of Cash Holding in The Jakarta Islamic Index: The Role of Net Working Capital, Cash Flow, and Capital Expenditure

Handreyan, Handreyan (Unknown)
Octafilia, Yusnita (Unknown)
Andresen, Willy (Unknown)
Mahardika, Dhoni Rizky Widya (Unknown)

Article Info

Publish Date
30 Oct 2025

Abstract

This study aims to determine the influence of Net Working Capital, Cash Flow and Capital Expenditure on Cash Holding. The object of this research is the Jakarta Islamic Index (JII) company listed on the IDX for the period of 2016 to 2020. The population in this study is 30 companies. The sampling technique in this study used the purposive sampling method and obtained a sample of 29 companies that were used as research samples. The data analysis technique used was multiple linear regression analysis using the Software Statistical Package for the Social Sciences (SPSS) application. The results of this study show that the variables of Net Working Capital, Cash Flow and Capital Expenditure do not have a significant effect on Cash Holding of Jakarta Islamic Index (JII) companies listed on the IDX from 2016 to 2020.

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Journal Info
Research in Accounting Journal
Website

Abbrev

raj

Publisher

Yayasan Riset dan Pengembangan Intelektual

Subject

Economics, Econometrics & Finance

Description

Reseach In Accounting Journal (RAJ) reviewed covers theoretical and applied research in the field of Accounting and Finance. Priority is given to those articles which satisfy the main scope of the journal, and have an impact in the research areas of interest. The RAJ Journal is intended to be the ...