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
International Corporate Governance and Corporate Cash Holdings
TL;DR: This article found that corporations in countries where shareholders rights are not well protected hold up to twice as much cash as companies in countries with good shareholders protection, and that when shareholders protection is poor, factors that generally drive the need for cash holdings, such as investment opportunities and asymmetric information, actually become less important.
Journal ArticleDOI
The determinants of corporate liquidity: Theory and evidence
TL;DR: In this paper, the authors model the firm's decision to invest in liquid assets when external financing is costly, and the optimal amount of liquidity is determined by a tradeoff between the low return earned on liquid assets and the benefit of minimizing the need for costly external financing.
Journal ArticleDOI
Corporate Cash Holdings: An Empirical Investigation of UK Companies
Aydin Ozkan,Neslihan Ozkan +1 more
TL;DR: In this article, the authors investigated the empirical determinants of corporate cash holdings for a sample of UK firms over the period 1984-1999 and found evidence of the significant relation between managerial ownership and cash holdings.
Journal ArticleDOI
Corporate cash holdings: An empirical investigation of UK companies
Aydin Ozkan,Neslihan Ozkan +1 more
TL;DR: In this article, the importance of managerial ownership among other corporate governance characteristics including board structure and ultimate controllers of companies was investigated for a sample of UK firms and it was shown that firms' growth opportunities, cash flows, liquid assets, leverage and bank debt are important determinants of corporate cash holdings.
Journal ArticleDOI
Corporate precautionary cash holdings
Seungjin Han,Jiaping Qiu +1 more
TL;DR: In this paper, a two-period investment model is used to show that the cash holdings of financially constrained firms are sensitive to cash flow volatility because financial constraints create an intertemporal trade-off between current and future investments.