Corporate Governance, Ownership Structure, and Cash Holdings Repository

Corporate Governance, Ownership Structure, and Cash Holdings

Muhammad Madyan and Suci Malavanul Fitri (2015) Corporate Governance, Ownership Structure, and Cash Holdings. In: Proceedings of 2015 ICOI The International Conference on Organizational Innovation. ICOI, Yogyakarta, pp. 748-760. ISBN 978-986-90744-2-1

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Official URL: http://www.iaoiusa.org/2015icoi/

Abstract

This study aims to determine the effect of corporate governance and ownership structure to cash holdings in Indonesia. Corporate governance variable consist of board size and independent board, meanwhile ownership structure variable consist of managerial ownership and foreign ownership. It also have control variable are firm size and leverage. This research using multiple regression analysis in estimating the effect of corporate governance and ownership structure to cash holdings. The data obtained from financial report annual publication in the period 2009-2013. The number of samples used are 30 manufacturing firms with purposive sampling. The result find that independent board and leverage have significant negative impact to cash holdings. The empirical result also portrays positive statistically significant firm size to cash holdings. Moreover, board size and managerial ownership have negative insignificant impact to cash holdings. Foreign ownership insignificantly positive predict corporate cash holdings.

Item Type:

Book Section

Uncontrolled Keywords:

Information Asymmetry, Cost of Equity Capital, Discretionary Accrual, Income Smoothing, Earnings Quality

Subjects:

H Social Sciences > HG Finance
H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance.Corporation finance
K Law > K Law (General) > K1-7720 Law in general. Comparative and uniform law. Jurisprudence > K7000-7720 Private international law. Conflict of laws > K7340-7512 Commercial law > K7485-7495 Business associations. Business corporations

Divisions:

04. Fakultas Ekonomi dan Bisnis > Manajemen

Creators: