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DOI 10.35609/afr.2018.3.4(4)

Reference to this paper should be made as follows: Saputra Alrasidi, S.E. ST; Dr. Kristanti, F.T, S. E. M. Si, (2018). Gender-Diversity, Financial Performance and Cash Holding in Family Firms, Acc. Fin. Review, 3 (4): 124 – 130. https://doi.org/10.35609/afr.2018.3.4(4)

Received: October 30, 2018 | Accepted: December 10, 2018

Gender-Diversity, Financial Performance and Cash Holding in Family Firms
Salehudin Eka Saputra Alrasidi, ST, Dr. Farida Titik Kristanti, S. E. M. Si
Telkom University, Faculty of Economics & Business, 40153, Bandung, Indonesia Abstract

Objective - This research aims to determine the presence of partial effects on gender-diversity and financial performance variables on the cash holding of family firms on the Indonesian Stock Exchange included in the Kompas100 index.

Methodology/Technique - The approach used in this research was causal associative testing using a panel data regression with a General Least Square (GLS) method using six independent variables: size, growth opportunity, dividend, return on assets, leverage, and gender diversity. Meanwhile, cash holding acts as a dependent variable.

Findings - The results of the research show that the independent variables of leverage have significantly negative relationships on cash holding on the Kompas100 index of Indonesia in the period of 2013-2016. Contrary to this, return on asset has a significantly positive relationship with cash holding.

Novelty - Gender diversity is an important variable of boardroom; this paper reveals the impact of gender diversity and performance on family holding firms. These results can be used to assess the performance and fundamentals of a firm.

Type of Paper Empirical

Keywords: Cash Holding; Dividend; Gender Diversity; Growth Opportunity; Leverage; Return on Assets; Size.

JEL Classification: M40, M41, M49.

Price: USD 25