TAF PUBLISHING

This study aims to examine the effect of liquidity and leverage with variable control dividend payment and company size on cash holding in property & real estate companies in Indonesia during the period 2012-2016. The research method used is multiple linear regression analysis. Based on the analysis results, it can be concluded that the variables liquidity, leverage, and dividend payment have a positive effect on cash holding, while the firm size has a negative effect on cash holding. The purpose of this paper is to find empirical evidence to analyze the effect of liquidity and leverage with dividend payment control variables and firm size on cash holding. This study uses a quantitative approach, namely by recording and analyzing the research data in an exact manner using statistical calculations. Based on the results of data analysis that refers to research objectives, hypotheses, and analysis models, it can be concluded that in property and real estate companies, liquidity variables have a significant positive effect, variable size has a significant negative effect, and leverage and dividend payment have no significant positive effect on cash holding. This research is relevant in the current times as the property and real estate industry can be rampant lately due to the tax amnesty turmoil that has made this sector more crowded. Naturally, it requires a place to increase with the increasing population. More properties in Indonesia are mentioned by the growth of the tourism and business sector. Cash management is needed as a consideration in investment decisions.