How to cite this paper
Nugroho, B. (2020). Analysis of cash holding on investment cash flow sensitivity in Indonesia.Accounting, 6(5), 713-720.
Refrences
Almeida, H., & Campello, M. (2010). Financing frictions and the substitution between internal and external funds. Journal of Financial and Quantitative Analysis, 45(3), 589-622. DOI: 10.1017/S0022109010000177
Almeida, H., Campello, M., & dan Weisbach, M. (2004). The cash flow sensitivity of cash. Journal of Finance, 59(4), 1777-1804.
Bao, D., Chan, K. C., & Zhang, W. (2012). Asymmetric cash flow sensitivity of cash holdings. Journal of Corporate Finance, 18(4), 690-700.
Bates, T., Kahle, K., & Stulz, R. (2009). Why do U.S. firms hold so much more cash than they used to?. Journal of Finance, 64 (5), 1985-2021.
Bodie, Z. (2009). Investments. Tata McGraw-Hill Education.
Brealey, R. A., Myers, S.C., & Allen, F. (2006). Corporate Finance 8th edition. New York: McGraw-Hill Companies.
Brigham, E., & Houston, J, F. (2011). Fundamentals of. Financial Management: Edisi 11. Jakarta: Salemba Empat.
Chen, H., & Chen, S. (2012). Investment-cash flow sensitivity cannot be a good measure of financial constraints: Evidence from the time series. Journal of Financial Economics, 103(2), 393-410.
Cleary, S. (1999). The relationship between firm investment and financial status. Journal of Finance, 54(2), 673–692.
Degryse, H., & De Jong, A. (2006). Investment and internal finance: Asymmetric information or managerial discretion?. International Journal of Industrial Organization, 24(1), 125-147.
Denis, D., & Osobov, I. (2008). Why do firms pay dividend? International evidence on the determinants of dividend policy. Journal of Financial Economics, 89(1), 62-82.
Fahmi, I. (2013). Pengantar Manajemen Keuangan: Teori dan Soal Jawab. Bandung: Alfabeta.
Fazzari, S. M., Hubbard, R. G., & Petersen, B.C. (1988). Financing constraints and corporate investment. Brooking Papers on Economic Activity, 1, 141-195. DOI: 10.2307/2534426
Gilchrist, S., & Himmelberg, C.P. (1995). Evidence on the role of cash flow for investment. Journal of Monetary Economics, 36(3), 541-572.
Gujarati, D. N. (2009). Basic Econometrics 5th edition. New York: The McGraw-Hill Companies.
Hennessy, C. A., & Whited, T. M. (2007). How costly is external financing? Evidence from a structural estimation. Journal of Finance, 62(4), 1705-1745.
Kaplan, S. N., & Zingales, L. (1997). Do investment-cash flow sensitivities provide useful measures of financing constraints?. The Quarterly Journal of Economics, 112(1), 169-215.
Kim, T. N. (2014). The impact of cash holding and external financing on investment-cash flow sensitivity. Review of Accounting and Finance, 13(3), 251-273. DOI: 10.1108/RAF-09-2012-0080
Lang, L., Ofek, E., & Stulz, R.M. (1996). Leverage, investment, and firm growth. Journal of Financial Economics, 40(1), 3-29.
Lee, Y., & Song, K. R. (2010). Financial crisis and corporate cash holdings: evidence from east Asian firms. European Financial Management Association Symposium. Renmin University, Beijing, China.
Myers, S.C., & Majluf, N. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13(2), 187-224.
Moyen, N. (2004). Investment-cash flow sensitivities: constrained versus unconstrained firms. Journal of Finance, 59 (5), 2061-2092.
Prameswara, R. D. (2012). Friksi Pendanaan dan Substitusi antara Pendanaan Internal dan Eksternal pada Perusahaan Constrained dan Unconstrained Periode 2006-2010. Depok: Fakultas Ilmu Sosial dan Ilmu Politik Universitas Indonesia.
Prihatmoko, B. (2013). Sensitivitas Investasi Terhadap Arus Kas pada Perusahaan Manufaktur di Indonesia. Depok: Fakultas Ekonomi Universitas Indonesia.
Ramadhan & Nugroho (2017). The Analysis of Corporate Diversification and Cash Holding: A Study on Non-Financial Comapnies Listed in the Indonesian Stock Exchange during the Period of 2006-2015. Advances in Social Science, Education and Humanities Research, 167, Atlantis Press, 33-41. DOI: 10.2991/icaspgs-icbap-17.2017.10
Saragih, F. D., & Nugroho, B.Y. (2014). Dasar-Dasar Keuangan Internasional. Depok: Rajawali Pers.
Tobin, J. (1969). A general equilibrium approach to monetary theory. Journal of Money, Credit and Banking, 1(1), 15-29.
Whited, T. M. (1992). Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data. Journal of Finance, 47(4), 1425-1460.
Whited, T. M., & Wu, G. (2006). Financial constraints risk. Review of Financial Studies, 19(2), 531-559.
Almeida, H., Campello, M., & dan Weisbach, M. (2004). The cash flow sensitivity of cash. Journal of Finance, 59(4), 1777-1804.
Bao, D., Chan, K. C., & Zhang, W. (2012). Asymmetric cash flow sensitivity of cash holdings. Journal of Corporate Finance, 18(4), 690-700.
Bates, T., Kahle, K., & Stulz, R. (2009). Why do U.S. firms hold so much more cash than they used to?. Journal of Finance, 64 (5), 1985-2021.
Bodie, Z. (2009). Investments. Tata McGraw-Hill Education.
Brealey, R. A., Myers, S.C., & Allen, F. (2006). Corporate Finance 8th edition. New York: McGraw-Hill Companies.
Brigham, E., & Houston, J, F. (2011). Fundamentals of. Financial Management: Edisi 11. Jakarta: Salemba Empat.
Chen, H., & Chen, S. (2012). Investment-cash flow sensitivity cannot be a good measure of financial constraints: Evidence from the time series. Journal of Financial Economics, 103(2), 393-410.
Cleary, S. (1999). The relationship between firm investment and financial status. Journal of Finance, 54(2), 673–692.
Degryse, H., & De Jong, A. (2006). Investment and internal finance: Asymmetric information or managerial discretion?. International Journal of Industrial Organization, 24(1), 125-147.
Denis, D., & Osobov, I. (2008). Why do firms pay dividend? International evidence on the determinants of dividend policy. Journal of Financial Economics, 89(1), 62-82.
Fahmi, I. (2013). Pengantar Manajemen Keuangan: Teori dan Soal Jawab. Bandung: Alfabeta.
Fazzari, S. M., Hubbard, R. G., & Petersen, B.C. (1988). Financing constraints and corporate investment. Brooking Papers on Economic Activity, 1, 141-195. DOI: 10.2307/2534426
Gilchrist, S., & Himmelberg, C.P. (1995). Evidence on the role of cash flow for investment. Journal of Monetary Economics, 36(3), 541-572.
Gujarati, D. N. (2009). Basic Econometrics 5th edition. New York: The McGraw-Hill Companies.
Hennessy, C. A., & Whited, T. M. (2007). How costly is external financing? Evidence from a structural estimation. Journal of Finance, 62(4), 1705-1745.
Kaplan, S. N., & Zingales, L. (1997). Do investment-cash flow sensitivities provide useful measures of financing constraints?. The Quarterly Journal of Economics, 112(1), 169-215.
Kim, T. N. (2014). The impact of cash holding and external financing on investment-cash flow sensitivity. Review of Accounting and Finance, 13(3), 251-273. DOI: 10.1108/RAF-09-2012-0080
Lang, L., Ofek, E., & Stulz, R.M. (1996). Leverage, investment, and firm growth. Journal of Financial Economics, 40(1), 3-29.
Lee, Y., & Song, K. R. (2010). Financial crisis and corporate cash holdings: evidence from east Asian firms. European Financial Management Association Symposium. Renmin University, Beijing, China.
Myers, S.C., & Majluf, N. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13(2), 187-224.
Moyen, N. (2004). Investment-cash flow sensitivities: constrained versus unconstrained firms. Journal of Finance, 59 (5), 2061-2092.
Prameswara, R. D. (2012). Friksi Pendanaan dan Substitusi antara Pendanaan Internal dan Eksternal pada Perusahaan Constrained dan Unconstrained Periode 2006-2010. Depok: Fakultas Ilmu Sosial dan Ilmu Politik Universitas Indonesia.
Prihatmoko, B. (2013). Sensitivitas Investasi Terhadap Arus Kas pada Perusahaan Manufaktur di Indonesia. Depok: Fakultas Ekonomi Universitas Indonesia.
Ramadhan & Nugroho (2017). The Analysis of Corporate Diversification and Cash Holding: A Study on Non-Financial Comapnies Listed in the Indonesian Stock Exchange during the Period of 2006-2015. Advances in Social Science, Education and Humanities Research, 167, Atlantis Press, 33-41. DOI: 10.2991/icaspgs-icbap-17.2017.10
Saragih, F. D., & Nugroho, B.Y. (2014). Dasar-Dasar Keuangan Internasional. Depok: Rajawali Pers.
Tobin, J. (1969). A general equilibrium approach to monetary theory. Journal of Money, Credit and Banking, 1(1), 15-29.
Whited, T. M. (1992). Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data. Journal of Finance, 47(4), 1425-1460.
Whited, T. M., & Wu, G. (2006). Financial constraints risk. Review of Financial Studies, 19(2), 531-559.