SALWA NUR AMALINA, . (2026) PENGARUH CASH HOLDING DAN LEVERAGE TERHADAP KINERJA KEUANGAN DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI PEMODERASI: STUDI PADA BANK PEREKONOMIAN RAKYAT (BPR) DI PROVINSI JAWA TENGAH PERIODE 2021-2024. Sarjana thesis, UNIVERSITAS NEGERI JAKARTA.
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Abstract
Penelitian ini bertujuan untuk menguji pengaruh cash holding dan leverage terhadap kinerja keuangan dengan Good Corporate Governance sebagai variabel moderasi pada Bank Perekonomian Rakyat (BPR) di Provinsi Jawa Tengah periode 2021–2024. Penelitian ini didasarkan pada agency theory, pecking order theory, dan trade-off theory yang menjelaskan hubungan antara kebijakan keuangan perusahaan dan kinerja keuangan. Variabel independen dalam penelitian ini adalah cash holding dan leverage, variabel dependen adalah kinerja keuangan, serta variabel moderasi adalah good corporate governance. Penelitian ini menggunakan metode kuantitatif. Jumlah sampel penelitian terdiri dari 64 BPR di Jawa Tengah dengan total 256 observasi. Teknik pengambilan sampel menggunakan purposive sampling. Data yang digunakan merupakan data sekunder yang diperoleh dari laporan keuangan tahunan dan laporan good corporate governance. Metode analisis yang digunakan adalah regresi data panel dan Moderated Regression Analysis (MRA) dengan model Random Effect Model. Penelitian ini juga menggunakan uji robustness dengan mengganti proksi kinerja keuangan menggunakan Return on Equity (ROE). Hasil penelitian menunjukkan bahwa cash holding berpengaruh negatif dan signifikan terhadap kinerja keuangan, serta leverage berpengaruh negatif dan signifikan terhadap kinerja keuangan. Good Corporate Governance memperlemah hubungan antara cash holding dan kinerja keuangan, namun tidak mampu memoderasi hubungan antara leverage dan kinerja keuangan. Hasil uji robustness menunjukkan hasil yang relatif konsisten sehingga memperkuat temuan penelitian. ***** This study aims to examine the effect of cash holding and leverage on financial performance with Good Corporate Governance (GCG) as a moderating variable in Rural Banks (BPR) in Central Java Province during the 2021–2024 period. This research is based on agency theory, pecking order theory, and trade-off theory, which explain the relationship between corporate financial policies and financial performance. The independent variables in this study are cash holding and leverage, while the dependent variable is financial performance. Good Corporate Governance is used as the moderating variable. This study employs a quantitative research method. The sample consists of 64 Rural Banks in Central Java with a total of 256 observations. The sampling technique used is purposive sampling. The data used in this study are secondary data obtained from annual financial reports and Good Corporate Governance reports. The data analysis method used is panel data regression and Moderated Regression Analysis (MRA) using the Random Effect Model. Additionally, this study conducts a robustness test by replacing the financial performance proxy with Return on Equity (ROE). The results show that cash holding has a negative and significant effect on financial performance, and leverage also has a negative and significant effect on financial performance. Good Corporate Governance weakens the relationship between cash holding and financial performance but is unable to moderate the relationship between leverage and financial performance. The robustness test results indicate relatively consistent findings, thereby strengthening the research conclusions.
| Item Type: | Thesis (Sarjana) |
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| Additional Information: | 1). Prof. Agung Dharmawan Buchdadi, M.M., Ph.D. ; 2). Destria Kurnianti, S.E., M.Sc. |
| Subjects: | Ilmu Sosial > Keuangan Manajemen > Manajemen , Business |
| Divisions: | FE > S1 Manajemen |
| Depositing User: | Salwa Nur Amalina . |
| Date Deposited: | 17 Jun 2026 03:30 |
| Last Modified: | 17 Jun 2026 03:30 |
| URI: | http://repository.unj.ac.id/id/eprint/66326 |
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