RAHAYU, RESPATI IKA (2015) PENGARUH GROWTH OPPORTUNITY, KUALITAS AKRUAL DAN KOMISARIS INDEPENDEN TERHADAP CASH HOLDING PADA PERUSAHAAN CONSUMER GOODS INDUSTRY YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2011-2013. S1 thesis, Universitas Negeri Jakarta.
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Abstract
Respati Ika Rahayu, 2015: The Influence of Growth Opportunity, Accruals Quality, and Independent Commissioner Towards Cash Holding on Consumer Goods Industry in Indonesia Stock Exchange 2011-2013. Advisors: I) Marsellisa Nindito, SE, Akt., M.Sc., CA; (II) Tresno Ekajaya, SE, M.Ak. This research aims at examining the influence of growth opportunity, accruals quality, and independent commissioner towards cash holding on consumer goods industry in Indonesia Stock Exchange 2011-2013. Cash holding is the dependent variables in this research were measured by percentage of cash and cash equivalent divided by net assets. For the independent variables in this research using growth opportunity were measured by percentage of sales growth, accruals quality were measured by working capital accrual, and independent commissioner were measured by percentage of members of independent commissioner. This research using secondary data which is the audited financial report of the company. The sample is based on purposive sampling which are 17 companies qualified in this research. This research conducts multiple linear regression analyses method to examine the hypothesis in the level of significance 5%. This research proves that growth opportunity and independent commissioner have negative and significant influence towards cash holding, whereas accrual quality does not has any influence towards cash holding. Growth opportunity, accrual quality, and independent commissioner altogether or simultaneously has influence towards cash holding. The independent variables used such as growth opportunity, accrual quality, and independent commissioner are able to explain the dependent variable which is cash holding 22,4%. Keywords: growth opportunity, accrual quality, independent commissioner, cash holding
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