The Effect of Characteristics of Directors on Cash Holdings in Small and Medium Enterprises

Abstract

- The purpose of this study was to see the effect of the characteristics of directors on cash holdings in small and medium enterprises of 20 companies listed on the pefindo25 index during the 2017-2021 period. This study uses the Panel Data Regression method to examine the effect of independent variables (board size, board independence, board gender) on cash holdings. The results of the study found that board size had no significant effect on cash holdings, board independence had a negative and significant effect on cash holdings