Proceedings ArticleDOI
Empirical research on the interactive relationship between cash holdings and corporate performance of listed companies in China
Tao Ping,Shen Chang-qing,Su Li +2 more
- pp 938-949
TLDR
Wang et al. as discussed by the authors investigated the interactive relationship between cash holdings and corporate performance, and they found that the improvement of corporate performance increases cash holdings, and the calculation of ideal cash holdings is of great significance to improve corporate performance.Abstract:
This paper investigates the interactive relationship between cash holdings and corporate performance. Based on the empirical research results, this paper also aims to analyze the ideal cash holdings. The paper establishes the regression equation of corporate performance influencing cash holdings and the regression equation of cash holdings influencing corporate performance with both single-equation model and simultaneous-equations model. The research dataset consists of the financial information of the Chinese A-share manufacturing listing companies from 2007 to 2009 considering the influence of financial characteristics and corporate governance on cash holdings and corporate performance. During the research, we eliminate variables with stepwise regression analysis. We find that there is a positive interactive relationship between cash holdings and corporate performance. The improvement of corporate performance increases cash holdings. Finally, we put forward the calculation of ideal cash holdings. The paper proves that cash holdings and corporate performance interact in a very complex way by using three-stage least squares innovatively. Furthermore, the calculation of ideal cash holdings is of great significance to improve corporate performance in China.read more
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Posted Content
Corporate Governance and Cash Holdings in Listed Non-Financial Firms of Pakistan
Alina Masood,Attaullah Shah +1 more
TL;DR: In this paper, the relationship between corporate cash holdings and corporate governance variables is tested in Pakistan using a sample consisting of 309 non-financial firms listed on the Karachi Stock Exchange (KSE) over the time span of 2002 to 2010.
Posted Content
The impact of corporate governance on cash holdings: a comparative study of the manufacturing and service industry
TL;DR: In this paper, a comparative analysis of manufacturing and services industry is conducted to test the relationship between corporate governance and cash holdings of non-financial listed firms in Pakistan, and several proxies for corporate governance were used, such as the institutional ownership, directors' ownership, ownership concentration, board size and board independence.
Journal ArticleDOI
Direct and Mediated Associations Among Ownership Structure, Cash Holdings and Firm Value: The Case of Jordanian Insurance Firms:
TL;DR: In this paper, the authors investigate the direct and mediated associations among ownership structure (OS), cash holdings (CHs) and firm value (FV) and provide empirical evidence from insurance firms list.
Journal ArticleDOI
Corporate Governance and Return on Equity Evidence from Pakistan Stock Exchange
TL;DR: In this article, a regression model was incorporated to measure the available data for a sample of 50 firms, with a total of 150 years of observations for a period of 2013 -2015.
References
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Journal ArticleDOI
The determinants and implications of corporate cash holdings
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