Pengaruh Growth Opportunity, Profitability, Institutional Ownership, dan Net Working Capital Terhadap Cash Holdings pada Perusahaan Subsektor Perdagangan Eceran yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2024

Abstract

This study aims to analyze the effect of growth opportunity, profitability, institutional ownership, and net working capital on cash holdings in retail trade sub-sector companies listed on the Indonesia Stock Exchange during the 2020– 2024 period. This research employs a quantitative approach using secondary data obtained from annual financial reports published on the official website of the Indonesia Stock Exchange and each company's official website. The research sample was determined using a purposive sampling method, resulting in 100 observations from 20 companies. Data analysis was conducted using panel data regression with the assistance of EViews 12 software. The results indicate that simultaneously all independent variables have a significant effect on cash holdings. Partially, growth opportunity, profitability, and net working capital have a significant positive effect on cash holdings, while institutional ownership has no significant effect on cash holdings.