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[ASBTRAK
Penelitian ini bertujuan untuk menguji pengaruh dari growth opportunity yang diukur dengan Market To Book Value of Assets (MVABVA), net working capital diukur dengan perbandingan antara net current assets minus kas dengan total aset nonkas, dan profitability yang diukur dengan Return On Equity (ROE) terhadap cash holding yang diukur dengan perbandingan antara kas dan setara kas dengan total aset nonkas, menggunakan sampel perusahaan nonkeuangan yang terdaftar di BEI periode 2010 ? 2014. Hasil penelitian ini menunjukkan bahwa growth opportunity berpengaruh positif terhadap cash holding, net working capital berpengaruh negatif terhadap cash holding dan profitability berpengaruh positif terhadap cash holding.

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ABSTARCT
This study aimed to examine the effect of growth opportunity that measured by Market To Book Value of Assets (MVABVA), net working capital that measured by comparing the amount of net current assets minus cash and cash equivalents with total non cash assets, and profitability measured by Return On Equity (ROE) on cash holding that measured by comparing the amount of cash and cash equivalents with total non cash assets, using non financial company listed in BEI 2010-2014 as samples. The result shows that growth opportunity is positively correlated with cash holding, net working capital is negatively correlated with cash holding, and profitability is positively correlated with cash holding;This study aimed to examine the effect of growth opportunity that measured by Market To Book Value of Assets (MVABVA), net working capital that measured by comparing the amount of net current assets minus cash and cash equivalents with total non cash assets, and profitability measured by Return On Equity (ROE) on cash holding that measured by comparing the amount of cash and cash equivalents with total non cash assets, using non financial company listed in BEI 2010-2014 as samples. The result shows that growth opportunity is positively correlated with cash holding, net working capital is negatively correlated with cash holding, and profitability is positively correlated with cash holding;This study aimed to examine the effect of growth opportunity that measured by Market To Book Value of Assets (MVABVA), net working capital that measured by comparing the amount of net current assets minus cash and cash equivalents with total non cash assets, and profitability measured by Return On Equity (ROE) on cash holding that measured by comparing the amount of cash and cash equivalents with total non cash assets, using non financial company listed in BEI 2010-2014 as samples. The result shows that growth opportunity is positively correlated with cash holding, net working capital is negatively correlated with cash holding, and profitability is positively correlated with cash holding;This study aimed to examine the effect of growth opportunity that measured by Market To Book Value of Assets (MVABVA), net working capital that measured by comparing the amount of net current assets minus cash and cash equivalents with total non cash assets, and profitability measured by Return On Equity (ROE) on cash holding that measured by comparing the amount of cash and cash equivalents with total non cash assets, using non financial company listed in BEI 2010-2014 as samples. The result shows that growth opportunity is positively correlated with cash holding, net working capital is negatively correlated with cash holding, and profitability is positively correlated with cash holding;This study aimed to examine the effect of growth opportunity that measured by Market To Book Value of Assets (MVABVA), net working capital that measured by comparing the amount of net current assets minus cash and cash equivalents with total non cash assets, and profitability measured by Return On Equity (ROE) on cash holding that measured by comparing the amount of cash and cash equivalents with total non cash assets, using non financial company listed in BEI 2010-2014 as samples. The result shows that growth opportunity is positively correlated with cash holding, net working capital is negatively correlated with cash holding, and profitability is positively correlated with cash holding;This study aimed to examine the effect of growth opportunity that measured by Market To Book Value of Assets (MVABVA), net working capital that measured by comparing the amount of net current assets minus cash and cash equivalents with total non cash assets, and profitability measured by Return On Equity (ROE) on cash holding that measured by comparing the amount of cash and cash equivalents with total non cash assets, using non financial company listed in BEI 2010-2014 as samples. The result shows that growth opportunity is positively correlated with cash holding, net working capital is negatively correlated with cash holding, and profitability is positively correlated with cash holding, This study aimed to examine the effect of growth opportunity that measured by Market To Book Value of Assets (MVABVA), net working capital that measured by comparing the amount of net current assets minus cash and cash equivalents with total non cash assets, and profitability measured by Return On Equity (ROE) on cash holding that measured by comparing the amount of cash and cash equivalents with total non cash assets, using non financial company listed in BEI 2010-2014 as samples. The result shows that growth opportunity is positively correlated with cash holding, net working capital is negatively correlated with cash holding, and profitability is positively correlated with cash holding]

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ABSTRAK
Skripsi ini menganalisis pengaruh teori catering dalam penentuan harga nominal saham. Penelitian ini menggunakan variabel bebas yang dikonstruksi yaitu perhitungan PCME dan PSMB yang diukur dari nilai log rasio market to book serta perhitungan nilai abnormal return yang diukur melalui actual return dari expected return. Variabel terikat penelitian adalah persentase split, pertimbangan luas terhadap kenaikan atau penurunan harga saham agregat, rata-rata harga nominal IPO, harga saham rata-rata setelah split dan return satu tahun kedepan. Penelitian menggunakan metode data panel dari time series. Hasil penelitian menunjukkan bahwa saham dengan nilai valuasi market to book yang tinggi pada perusahaan berkapitalisasi besar cenderung meningkatkan nominal harga setelah pemecahan saham.

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ABSTRACT
This research analyzes the impact of catering theory in determining the nominal price of shares. This study uses independent variables that are constructed, which are PCME and PSMB calculations measured from log of market to book ratio and calculation of abnormal return measured by actual return of expected return. The dependent variable of the research is the percentage of split, wide consideration of aggregate stock price increase or decrease, average nominal price of IPO, average share price after split and return one year ahead. The research used panel data method from time series. The results showed that stocks with market valuation value of high book value in large capitalized companies tend to increase the nominal price after stock split.

Abstrak :
Penelitian ini bertujuan untuk menguji pengaruh dari intellectual capital terhadap kinerja keuangan serta nilai pasar perusahaan. Dengan menggunakan model Value Added Intellectual Coefficient (VAIC™) (Pulic, 1998, 2004; Ghosh dan Mondal, 2009; Yalama, 2013), penelitian ini menguji hubungan antara efisiensi VAIC™ dari 3 (tiga) sumber daya utama perusahaan, yakni: aset fisik, human capital, dan structural capital dengan variabel kinerja keuangan perusahaan (yang diproksikan dengan ROA dan ROE), dan variabel nilai pasar perusahaan (yang diproksikan dengan MBV). Data yang digunakan adalah perusahaan padat intellectual capital di Indonesia, yakni perusahaan sektor otomotif, media dan periklanan, perbankan, bioteknologi, teknologi informasi, perkreditan (selain perbankan), kabel, asuransi, farmasi, properti, layanan telekomunikasi, dan keamanan. Sementara perusahaan tidak padat intellectual capital di Indonesia yakni perusahaan barang dan pakaian, makanan, minuman, dan tembakau, jasa transportasi, pertambangan dan jasa pertambangan, serta perdagangan grosir dan eceran yang terdaftar di Bursa Efek Indonesia pada periode 2009 – 2018. Pada akhirnya, akan dilakukan komparasi atas hasil dari perusahaan padat intellectual capital dan tidak padat intellectual capital di Indonesia. = The purpose of this study is to investigate the relation between intellectual capital, financial performance, and firms market value. By using Value Added Intellectual Coefficient (VAIC™) (Pulic, 1998, 2004; Ghosh dan Mondal, 2009; Yalama, 2013) model, this research examine the relationship between the VAIC™ by 3 (three) major components of firms resources, which are: physical asset, human capital, and structural capital and analyzing the relation between intellectual capital and financial performance variable (proxied by ROA and ROE), and firms market value variable (proxied by MBV). Data are drawn from corporate with High-IC Intensive that are companies from automotive and allied product, media and advertising, banks, biotechnology, computer and services, credit agency (other than banks), cable, insurance, pharmaceutical, property and real estate, telecommunication services, and security industries. Whilst from the Low-IC Intensive, are companies from consumer durables and apparels, foods, beverages, and tobaccos, transportation services, mining and mining services, and wholesale and retail trade that are listed in Indonesia Stock Exchange from the period of 2009 – 2018. Other output will be comparing the results from High-IC Intensive and Low-IC Intensive companies in Indonesia.

Abstrak :
Penelitian ini bertujuan untuk menguji pengaruh dari intellectual capital terhadap kinerja keuangan perusahaan teknologi di empat negara Associations of Southeast Asian Nations (ASEAN). Penelitian menggunakan pendekatan kuantitatif dengan menggunakan model Value Added Intellectual Coefficient (VAIC™) dari Pulic (1998 dan 2004). Di dalam penelitian ini, baik pengaruh VAIC™ maupun unsur-unsur pembentuknya yaitu aset fisik, human capital, dan structural capital terhadap variabel kinerja keuangan perusahaan berdasarkan nilai buku (dengan proksi Net Profit Margin, Return of Assets, dan Return of Equity), dan secara pasar (dengan proksi Market to Book Value). Adapun sampel penelitian menggunakan data 127 perusahaan teknologi di Indonesia, Singapura, Malaysia dan Thailand. Perusahaan teknologi yang dimaksudkan adalah perusahaan yang bergerak pada subsektor financial technology, software & Information Technology, dan technology equipment. Hasil penelitian menunjukkan adanya pengaruh dari structural capital dan aset fisik terhadap kinerja keuangan perusahaan berdasarkan nilai buku. Penelitian ini juga menunjukkan adanya perbedaan yang signifikan terkait dampak intellectual capital berikut dengan ketiga unsur pembentuknya di antara empat negara ASEAN yang diteliti. ......This study aims to examine the effect of intellectual capital on the financial performance of technology companies in the four Associations of Southeast Asian Nations (ASEAN) countries. This research uses a quantitative approach using the Value Added Intellectual Coefficient (VAIC™️) model from Pulic (1998, 2004). In this study, both the influence of VAIC™️ and its constituent elements, namely physical assets, human capital, and structural capital on the company's financial performance variables based on book value (with Net Profit Margin, Return of Assets, and Return of Equity as proxies), and market value (with Market to Book Value as the proxy). The research sample uses data from 127 technology companies in Indonesia, Singapura, Malaysia and Thailand. The technology companies refer to companies engaged in the financial technology, software & Information Technology, and technology equipment sub-sectors. The results of the study show that the structural capital and physical assets affect the company's financial performance based on book value. This study also shows that there are significant differences on the impact of intellectual capital and its three constituent elements amongst the four ASEAN countries that are studied