SIKLUS HIDUP PERUSAHAAN DAN KEBIJAKAN KAS

Authors

  • Pratana Puspa Midiastuty Fakultas Ekonomi dan Bisnis, Universitas Bengkulu
  • Eddy Suranta Fakultas Ekonomi dan Bisnis, Universitas Bengkulu
  • Rini Indriani Fakultas Ekonomi dan Bisnis, Universitas Bengkulu

Keywords:

Cash Policy, Life Cycle of the Firm, Panel Data

Abstract

This study aims to examine how the stages of the company's life cycle affect the company's cash policy. This study focuses on the stages of the company's life cycle which includes the cycle stages of introduction, growth, mature and shakeout against cash policies adopted by the company. This research is considered important because cash policy is influenced by company characteristics, namely the life cycle in which the determination of the company's life cycle is
based on cash flow from operating, investing, and financing activities. This study uses panel data regression with a sample of the companies selected are manufacturing companies listed on the Indonesia Stock Exchange with an observation period from 2014-2019. By using a sample of 90 manufacturing companies, the results prove that the company has a large enough cash balance when the company is in the mature and shakeout cycle stages, while the
introduction and growth cycle stages do not prove that the cash balance will be greater or less.

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Published

2021-03-23

Issue

Section

Articles