EXCESS CASH HOLDINGS DAN KEPEMILIKAN INSTITUSIONAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

  • Yessica Tria Christina
  • Erni Ekawati

Abstract

This research provides an empirical evidence about the effect of institutional ownerships as a proxy of information transparancy on excess cash holdings. Manufacture companies listed on BEI from years 2002 to
2011 are employed. The results show that the higher the proportion of institutional ownership, the lower the excess cash holdings. Informational transparancy, as one of the requirements of good corporate governance,
can in fact lower the chance of aggrevating the manager’s behavior to practice excess cash holdings that can lower the company’s efficiency.

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How to Cite
CHRISTINA, Yessica Tria; EKAWATI, Erni. EXCESS CASH HOLDINGS DAN KEPEMILIKAN INSTITUSIONAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI. Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan, [S.l.], feb. 2014. ISSN 2302-8890. Available at: <https://ojs.unud.ac.id/index.php/jmbk/article/view/8051>. Date accessed: 24 oct. 2020.
Section
Articles

Keywords

good corporate governance, institutional ownerships, excess cash holdings