Journal ArticleDOI
Determinants of Corporate Cash Holdings
TLDR
In this paper, the authors examined the financial determinants of corporate cash holdings using a panel data regression method and used the fixed-effects method based on Hausman test results.Abstract:
This article aims at examining the financial determinants of corporate cash holdings. The study employs panel data regression method. It uses the fixed-effects method based on Hausman test results ...read more
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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
Mining risk-related sentiment in corporate annual reports and its effect on financial performance
Renáta Myšková,Petr Hájek +1 more
TL;DR: The role of sentiment souvisejiciho s kontextem vsak v oblasti financnich rizik zůstava nedostatecně pochopena.
Journal ArticleDOI
Corporate Cash Holdings: An Empirical Investigation of Indian Companies:
TL;DR: 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...
The determinants of corporate cash management policies: Evidence from around the world
Yuanto Kusnadi,K.C. John Wei +1 more
TL;DR: In this paper, the authors examine the determinants of corporate cash management policies across a broad sample of international firms and find that firms in countries with strong legal protection of minority investors are more likely to decrease their cash holdings in response to an increase in cash flow than are firms in country with weak legal protection.
Journal ArticleDOI
Modified Total Interpretive Structural Model of Corporate Financial Flexibility
TL;DR: In this article, the authors identify key enablers of financial flexibility and structure them into a total interpretive structural model using modified TISM approach, using literature review, business environment, cost of capital, stage of life cycle, free cash reserves, agency relations, payout policy, and leverage as seven constituents of corporate financial flexibility.
References
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Journal ArticleDOI
The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics
Trevor Breusch,Adrian Pagan +1 more
TL;DR: The Lagrange multiplier (LM) statistic as mentioned in this paper is based on the maximum likelihood ratio (LR) procedure and is used to test the effect on the first order conditions for a maximum of the likelihood of imposing the hypothesis.
Journal ArticleDOI
The determinants and implications of corporate cash holdings
TL;DR: The authors examine the determinants and implications of holdings of cash and marketable securities by publicly traded U.S. firms in the 1971-1994 period and find evidence supportive of a static tradeoff model of cash holdings.
Posted Content
The Determinants and Implications of Corporate Cash Holdings
TL;DR: The authors examined the determinants and implications of holdings of cash and marketable securities by publicly traded U.S. firms in the 1971-1994 period and found that firms with strong growth opportunities and riskier cash flows hold relatively high ratios of cash to total assets.
Journal ArticleDOI
Why Do U.S. Firms Hold so Much More Cash than They Used to
TL;DR: The average cash-to-assets ratio for U.S. industrial firms more than doubled from 1980 to 2006 as mentioned in this paper, and the average firm can pay back all of its debt obligations with its cash holdings; in other words, the average firms has no leverage if leverage is measured as net debt.
Journal ArticleDOI
Why Do U.S. Firms Hold So Much More Cash than They Used To
TL;DR: The authors investigated how the cash holdings of U.S. firms have evolved since 1980 and whether this evolution can be explained by changes in known determinants of cash holdings and found no consistent evidence that agency conflicts contribute to the increase.