Journal ArticleDOI
Determinants of Corporate Cash Holdings
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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
Determinants of corporate cash-holding levels: an empirical examination of the restaurant industry.
TL;DR: This paper examined the determinants of cash-holding levels for restaurant firms and found that restaurant firms with greater investment opportunities tend to hold more cash, at the same time, large restaurant firms, firms holding liquid assets other than cash, firms with higher capital expenditures, and firms paying dividends were shown to hold less cash.
The determinants of corporate cash management policies: Evidence from around the world
Yuanto Kusnadi,K.C. John Wei +1 more
TL;DR: In this article, 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
The determinants of corporate cash management policies: Evidence from around the world
Yuanto Kusnadi,K.C. John Wei +1 more
TL;DR: In this article, 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
Uncertainty determinants of corporate liquidity
Christopher F. Baum,Christopher F. Baum,Mustafa Caglayan,Andreas Stephan,Andreas Stephan,Oleksandr Talavera,Oleksandr Talavera +6 more
TL;DR: The authors investigated the link between the optimal level of non-financial firms' liquid assets and uncertainty and developed a partial equilibrium model of precautionary demand for liquid assets showing that firms alter their liquidity ratio in response to changes in either macroeconomic or idiosyncratic uncertainty.
Journal ArticleDOI
Partial adjustment toward optimal cash holding levels
TL;DR: In this paper, the authors estimate a dynamic model that allows firms to adjust their cash holding levels over time and find evidence consistent with a trade-off type behavior in cash holding level.