THE EFFECT OF GROWTH OPPORTUNITY, ASYMMETRIC INFORMATION, NET WORKING CAPITAL, AND CAPITAL EXPENDITURE ON CASH HOLDING IN MANUFACTURING FIRM THAT LISTED ON INDONESIA STOCK EXCHANGE

Abstract

The purpose of this study was to examine the effect of growth opportunity, asymmetric information, net working capitaland capital expenditure on cash holding company. The population of this study aremanufacturing firms that listed on the Indonesia Stock Exchange from 2011 until 2015. By using purposive sampling method was selected sample of 445 over five years. Based on multiple regression analysis showed that the growth opportunity has significant positive effect on cash holding. Capital expenditure has significant negative effect on cash holding. Asymmetric information and net working capital have noteffect on cash holding.

Keywords: Cash Holding, Growth Opportunity, Asymmetric Information, Net Working Capital, Capital Expenditure.