Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)


Determinants Cash Holding of Coal Mining Companies Listed on the Indonesian Stock Exchange

Author(s): Endri Endri, Sulastri Sulastri, Afriapollo Syafarudin, Bambang Mulyana, Erna S. Imaningsih, Sri Setiawati

Determining cash holding level is important to make operational companies activity can run properly. The availability of cash can affected to liquidity company level and reflection to their ability to fulfill the obligation. This study is primarily aimed at identifying significant factors that affect the level of cash holding of coal mining companies listed in the Indonesia Stock Exchange for the period 2010 to 2019. Purposive sampling technique used to select 9 coal mining companies that met the sample criteria. The test was conducted on a panel of random effect model. This study was able to prove that debt to assets ratio and net working capital had a positive effect on holding cash, while firm size, growth opportunity and coal price partially insignificant on the level of cash holding.

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