WebDec 1, 2012 · Research proposes that corporate cash holdings are mainly determined by business environments (operational determinants) and by governance arrangements and agency conflicts. ... Whereas the operational determinants literature predicts that firms facing financial constraints would hold more cash than the amounts needed if the … WebDownloadable (with restrictions)! We examine the determinants and implications of holdings of cash and marketable" securities by publicly traded U.S. firms in the 1971-1994 period. Firms with strong growth" opportunities and riskier cash flows hold relatively high ratios of cash to total assets. Firms" that have the greatest access to the capital markets …
[PDF] Stock Liquidity and Corporate Cash Holdings: Feedback …
Webcentury. A number of researchers studied the topic corporate cash holding and its determinants in the past in developed economies while a little attention is given to the corporate cash holdings of developing economies. The objective of the study is to identify and measure the relationship of firm size, profitability, net working capital and WebMar 30, 2024 · In Japan, corporate savings have risen since 2000 in line with profits. A large share of the additional savings was kept as cash holdings (i.e., cash and short-term investments) rather than used for investment. Building on a rich literature, this paper identifies two additional drivers of corporate cash holdings using financial data of … highest rated kdrama 2021
The determinants of corporate cash holdings levels: Evidence fr…
WebOct 23, 2014 · We advance the feedback/cash as ammunition hypothesis, namely that firms hold cash to address feedback from stock prices to cash ows and growth opportunities. Firms with more liquid stocks are expected to hold more cash, the opposite of the prediction from a standard information asymmetry perspective on stock liquidity. The effect should … WebDec 21, 2024 · To confirm the applicability of the method applied, the Breusch–Pagan Lagrange Multiplier (LM) and Hausman (1978) are used to choose the most efficient and consistent static panel regression.,The results show that, for Shariah-compliant firms, the relevant determinants of cash holdings are leverage, profitability, capital expenditure, … WebFeb 1, 2024 · Abstract. This article aims at examining the financial determinants of corporate cash holdings. The study employs panel data regression method. It uses the … highest rated kdramas 2