Abstract
The aims of this study are to: (1) find out and analyze the effect of growth opportunity on cash holding, (2) find out and analyze the effect of expenditure on cash holding, (3) find out and analyze the effect of firm value on cash holding, and (4) find out and analyze the growth opportunity, expenditure and company value together have an effect on cash holding. The population in this study are all mining companies listed on the Indonesia Stock Exchange as many as 48 companies and the research sample as many as 8 companies with 5 years of observation. Data collection techniques in this study using documentation techniques. The data analysis technique in this study uses the Classical Assumption Test, Multiple Linear Regression, t-test and F-test, and the Coefficient of Determination.
Highlights
Mining is an activity of extracting valuable and economically valuable mineral deposits from the earth's crust, both mechanically and manually
Based on the results of the research and discussion that have been stated previously, it can be concluded from research on the Effect of Growth Opportunity, Expenditure, and Firm Value on Cash Holding in Mining Sector Companies listed on the Indonesia Stock Exchange for the 2015-2019 period with a sample of 8 companies as follows : 1. The results of the study partially prove that Growth Opportunity has a positive and significant effect on Cash Holding in Mining Sector Companies listed on the Indonesia Stock Exchange for the 2015-2019 period
The results of the study partially prove that Expenditure has a positive and significant effect on Cash Holding in Mining Sector Companies listed on the Indonesia Stock Exchange for the 20152019 period
Summary
Mining is an activity of extracting valuable and economically valuable mineral deposits from the earth's crust, both mechanically and manually. The number of countries whose economies are directly affected by the weak global economy in turn affects other countries related to export-import transactions with them. This has an impact on the global economic crisis. The sectors most affected by the global crisis are those that rely on tradable external demand, such as the mining, agriculture and manufacturing industries. These three sectors contribute more than 50 percent of GDP and absorb more than 60 percent of the national workforce. The poor performance of these sectors will eventually lead to a wave of layoffs
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