Faustine, Felicia (2025) The impact of profitability towards cash holdings. Bachelor thesis, Universitas Pelita Harapan.
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Abstract
This study examines how profitability, measured by Return on Assets (ROA),
influences cash holding levels in consumer non-cyclical companies listed on the
Indonesia Stock Exchange, focusing on cash management approaches within a
sector marked by stable consumer demand. Financial data for the analysis were
collected from S&P Capital, IDX, and official company websites, with purposive
sampling used to select 47 companies over a five-year period, resulting in 235
observations. The data were analyzed using IBM SPSS 29, applying descriptive
statistics, correlation analysis, classical assumption tests, multiple linear regression,
and hypothesis testing to assess the relationship between profitability and cash
holdings. Results show a positive but statistically insignificant association between
profitability and cash holdings, suggesting that firms in this sector prioritize
reinvestment and dividend distribution over cash accumulation. This adaptive
approach indicates that profitability is often directed toward supporting operational
growth and meeting shareholder expectations rather than building up cash reserves.
These findings offer practical insights for companies seeking to manage liquidity
effectively, assist investors in evaluating financial resilience, and support
researchers in exploring the nuanced relationship between profitability and cash
management in stable sectors./ Penelitian ini meneliti bagaimana profitabilitas, yang diukur dengan Return on
Assets (ROA), memengaruhi tingkat kepemilikan kas pada perusahaan konsumen
non-siklikal yang terdaftar di Bursa Efek Indonesia, dengan fokus pada pendekatan
manajemen kas dalam sektor yang ditandai oleh permintaan konsumen yang stabil.
Data keuangan untuk analisis dikumpulkan dari S&P Capital, IDX, dan situs web
resmi perusahaan, dengan menggunakan metode purposive sampling untuk
memilih 47 perusahaan selama periode lima tahun, menghasilkan 235 observasi.
Data dianalisis menggunakan IBM SPSS 29, menerapkan statistik deskriptif,
analisis korelasi, uji asumsi klasik, regresi linear berganda, dan uji hipotesis, untuk
menilai hubungan antara profitabilitas dan kepemilikan kas. Hasilnya
menunjukkan hubungan positif namun tidak signifikan secara statistik antara ROA
dan kepemilikan kas, yang mengindikasikan bahwa perusahaan di sektor ini lebih
memprioritaskan reinvestasi dan distribusi dividen daripada akumulasi kas.
Pendekatan adaptif ini menunjukkan bahwa profitabilitas sering kali diarahkan
untuk mendukung pertumbuhan operasional dan memenuhi ekspektasi pemegang
saham daripada membangun cadangan kas. Temuan ini memberikan wawasan
praktis bagi perusahaan yang ingin mengelola likuiditas secara efektif, membantu
investor dalam mengevaluasi ketahanan keuangan, dan mendukung peneliti dalam
mengeksplorasi keterkaitan antara profitabilitas dan manajemen kas di sektor yang stabil.
Item Type: | Thesis (Bachelor) |
---|---|
Creators: | Creators NIM Email ORCID Faustine, Felicia NIM03012210046 feliciafaustine88@gmail.com UNSPECIFIED |
Contributors: | Contribution Contributors NIDN/NIDK Email Thesis advisor Sitompul, Thomson NIDN0304019301 thomson.sitompul@uph.edu |
Uncontrolled Keywords: | Profitability; cash holding; consumer non-cyclical |
Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
Divisions: | University Subject > Current > Faculty/School - UPH Medan > Business School > Accounting Current > Faculty/School - UPH Medan > Business School > Accounting |
Depositing User: | Felicia Faustine |
Date Deposited: | 11 Apr 2025 05:44 |
Last Modified: | 11 Apr 2025 05:44 |
URI: | http://repository.uph.edu/id/eprint/68045 |