Journal article

PENGARUH FIRM SIZE DAN GROWTH OPPORTUNITY TERHADAP CASH HOLDING DAN FIRM VALUE

Luh Putu Erma Liesstyasih Ni Luh Putu Wiagustini

Volume : 6 Nomor : 10 Published : 2017, October

E-Jurnal Ekonomi dan Bisnis Universitas Udayana

Abstrak

This research aims to determine the effect of firm size and growth opportunity to cash holding and firm value. Manufacturing companies that listed in Indonesian Stock Exchange are used as population. Annual financial data of 38 firms from manufacturing companies listed on Indonesian Stock Exchange from 2013 to 2016 examined as sample. Path analysis technique used to analysis hypothesis of the research by SPSS software. The results showed that: firm size and growth opportunity had positive and significant impact on firm value. Firm size had negative and significant impact on cash holding. Growth opportunity had positive and significant impact on cash holding. Cash holding had positive and significant impact on firm value. Cash holding mediated the effect of growth opportunity on firm value significantly. Keywords: firm size, growth opportunity, cash holding, and firm value.