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Corporate Cash Holdings: An Empirical Investigation of Indian Companies:
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In this article, the authors examined the pattern of cash holdings of 266 Indian companies comprised in the S&P BSE 500 index for the period 2005-2015 to understand the factors that influence the level of c...Abstract:
The article examines the pattern of cash holdings of 266 Indian companies comprised in the S&P BSE 500 index for the period 2005–2015 to understand the factors that influence the level of c...read more
Citations
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Corporate cash holdings and promoter ownership
C.P. Gupta,Prateek Bedi +1 more
TL;DR: In this article, the authors examined the relationship between corporate cash holdings and promoter ownership for a sample of Indian non-financial firms and found that promoter ownership is negatively associated with cash holdings, thereby highlighting the role of large owners in preventing cash accretion.
Journal ArticleDOI
Family control, agency conflicts, corporate cash holdings and firm value
Ruchi Moolchandani,Sujata Kar +1 more
TL;DR: In this article, the authors examined whether family control exerts any influence on corporate cash holdings in Indian listed firms and examined how this accumulated cash of family firms impacts firm value, using dynamic panel data regression estimated using two-step system generalized method of moments.
Journal ArticleDOI
Corporate cash holdings and disclosure violations: an empirical investigation of Jordanian listed companies
TL;DR: In this paper , the impact of low-quality financial statements on the level of cash holdings of companies listed on the Amman Stock Exchange (ASE) has been examined using a generalized method of moment estimation.
Journal ArticleDOI
Corporate Cash Holdings and Agency Conflicts: Evidence from Moroccan Developing Market
Boubker Mouline,Hicham Sadok +1 more
TL;DR: In this paper, the authors examined the relationship between agency costs related to managerial discretion and cash holdings by Moroccan companies and found that there is a strong positive relationship between cash holdings and cash flow.
Journal ArticleDOI
Determinants of cash holdings: evidence from balkan countries
TL;DR: In this paper , the authors identify the determinants and indicate their impact on the company's cash holdings in the wholesale industry in ten Balkan countries, using the panel data model with fixed effects.
References
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Journal ArticleDOI
Specification Tests in Econometrics
TL;DR: In this article, the null hypothesis of no misspecification was used to show that an asymptotically efficient estimator must have zero covariance with its difference from a consistent but asymptonically inefficient estimator, and specification tests for a number of model specifications in econometrics.
Posted Content
Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
TL;DR: In this paper, the benefits of debt in reducing agency costs of free cash flows, how debt can substitute for dividends, why diversification programs are more likely to generate losses than takeovers or expansion in the same line of business or liquidationmotivated takeovers, and why the factors generating takeover activity in such diverse activities as broadcasting and tobacco are similar to those in oil.
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Corporate financing and investment decisions when firms have information that investors do not have
TL;DR: In this paper, a firm that must issue common stock to raise cash to undertake a valuable investment opportunity is considered, and an equilibrium model of the issue-invest decision is developed under these assumptions.
Journal ArticleDOI
Determinants of corporate borrowing
TL;DR: In this article, the authors predict that corporate borrowing is inversely related to the proportion of market value accounted for by real options and rationalize other aspects of corporate borrowing behavior, such as the practice of matching maturities of assets and debt liabilities.
Journal ArticleDOI
Financial ratios, discriminant analysis and the prediction of corporate bankruptcy
TL;DR: In this paper, a set of financial and economic ratios are investigated in a bankruptcy prediction context wherein a multiple discriminant statistical methodology is employed, and the data used in the study are limited to manufacturing corporations, where an initial sample of sixty-six firms is utilized to establish a function which best discriminates between companies in two mutually exclusive groups: bankrupt and nonbankrupt firms.