THE EFFECT OF INVESTMENT OPPORTUNITIES, ACCRUAL QUALITY AND FIRM SIZE ON CASH HOLDING WITH LEVERAGE AS A MODERATING

Novita Rahmawati, Anggita Langgeng Wijaya, Moh. Ubaidillah

Abstract


This study uses leverage as a moderating variable to examine how Cash Holding is impacted by Investment Opportunity Set, Accrual Quality, and Firm Size.  Purposive sampling was used to gather data from 65 annual reports of real estate and property companies listed on the Indonesia Stock Exchange (IDX) for the years 2021–2024.  Moderated Regression Analysis (MRA) and multiple linear regression were used in the analysis.  The findings indicate that Cash Holding is positively impacted by Accrual Quality and Firm Size, but not by Investment Opportunity Set.  Moreover, leverage does not mitigate the impact of firm size or investment opportunity set, but it does mitigate the effect of accrual quality on cash holding. Future researchers are advised to include other relevant variables and involve more diverse industry sectors.


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