| NIM | C1B021046 |
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| Namamhs | YULIA NUR AISYAH |
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| Judul Artikel | Determinan Cash Holdings pada Perusahaan Properti dan Real Estate di Indonesia Sebelum, Saat dan Setelah Pandemi Covid-19 |
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| Abstrak (Bhs. Indonesia) | Penelitian ini menganalisis pengaruh firm size, cash flow, growth opportunity, tangibility, leverage, dan liquidity terhadap cash holding pada perusahaan properti dan real estate di Indonesia. Data triwulanan dari 10 perusahaan (360 observasi) periode 2016–2024 dianalisis menggunakan regresi data panel dengan software stata. Data dibagi ke dalam tiga periode: sebelum COVID-19 (2016–2019) sebanyak 160 observasi, saat COVID-19 (2020–kuartal II 2023) sebanyak 140 observasi, dan setelah COVID-19 (kuartal III 2023–2024) sebanyak 60 observasi. Hasil menunjukkan firm size berpengaruh positif secara konsisten, sedangkan cash flow dan growth opportunity hanya signifikan selama pandemi. Tangibility berpengaruh positif sebelum pandemi tetapi berbalik negatif setelahnya, sementara leverage dan liquidity kehilangan signifikansi pasca-pandemi. Kemudian pada model seluruh periode, seluruh variabel berpengaruh positif terhadap cash holding. Implikasinya, perusahaan perlu mempertimbangkan faktor jangka panjang dalam kebijakan cash holding, menjaga stabilitas arus kas selama krisis, serta mengevaluasi efisiensi aset dan utang. Temuan ini juga berguna bagi investor dan kreditor dalam menilai kesehatan keuangan perusahaan. |
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| Abtrak (Bhs. Inggris) | This study analyzes the effect of firm size, cash flow, growth opportunity, tangibility, leverage, and liquidity on cash holding in property and real estate companies in Indonesia. Quarterly data from 10 companies (360 observations) for the period 2016-2024 were analyzed using panel data regression with Stata software. The data is divided into three periods: before COVID-19 (2016-2019) with 160 observations, during COVID-19 (2020-quarter II 2023) with 140 observations, and after COVID-19 (third quarter 2023-2024) with 60 observations. The results show that firm size has a consistently positive effect, while cash flow and growth opportunity are only significant during the pandemic. Tangibility has a positive effect before the pandemic but turns negative afterwards, while leverage and liquidity lose significance post-pandemic. Then in the whole period model, all variables have a positive effect on cash holding. The implication is that companies need to consider long-term factors in cash holding policy, maintain cash flow stability during the crisis, and evaluate the efficiency of assets and debt. The findings are also useful for investors and creditors in assessing the company's financial health. |
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| Kata kunci | Cash Holding, Firm Size, Cash Flow, Growth Opportunity, Tangibility, Leverage, Liquidity |
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| Pembimbing 1 | Sudarto |
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| Pembimbing 2 | Dian Purnomo Jati |
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| Pembimbing 3 | Intan Shaferi |
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| Tahun | 2025 |
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| Jumlah Halaman | 11 |
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| Tgl. Entri | 2025-05-14 14:21:31.027101 |
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