Journal ArticleDOI
Impact of Macroeconomic Factors on Cash Holdings?: A Dynamic Panel Model:
TLDR
This paper examined if macroeconomic factors impact cash holdings and how it influences the speed of adjustment of cash to target levels using the Arellano-Bover/Blundell-Bond dynamic panel model.Abstract:
We examine if macroeconomic factors impact cash holdings and how it influences the speed of adjustment of cash to target levels using the Arellano-Bover/Blundell-Bond dynamic panel model. We analys...read more
Citations
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Journal ArticleDOI
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
Shariah compliance and corporate cash holdings
TL;DR: In this paper, the authors investigated the influence of Shariah compliance status on cash holding levels and the speed of adjustment of non-financial listed firms in six Gulf Cooperation countries from 2005 to 2016.
Posted Content
Social and Environmental Contributions, Board Size and Cash Holding: The Case of Energy Firms
TL;DR: In this article, the individual effect of corporate social responsibility (CSR) and board size on cash holding, as well as their interaction on this factor for a sample of listed energy firms in Vietnam, was examined.
Journal ArticleDOI
Firm Size Does Matter: New Evidence on the Determinants of Cash Holdings
TL;DR: In this article, the authors employ panel data regression analysis on a sample of 6629 non-financial and non-utility listed companies in the United Kingdom from 2010 to 2018 and find that small-sized firms tend to hold more cash than their larger counterparts due to precautionary motives.
Journal ArticleDOI
Do macroeconomic conditions affect corporate cash holdings and cash adjustment dynamics? Evidence from GCC countries
Moncef Guizani,Ahdi Noomen Ajmi +1 more
TL;DR: In this paper, the authors investigated the influence of macroeconomic conditions on corporate cash holdings in terms of their influence on the level of cash and the speed of adjustment of cash to target levels in the Gulf Cooperation Council countries (GCC).
References
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Report SeriesDOI
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
TL;DR: In this paper, two alternative linear estimators that are designed to improve the properties of the standard first-differenced GMM estimator are presented. But both estimators require restrictions on the initial conditions process.
Journal ArticleDOI
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
How to do Xtabond2: An Introduction to Difference and System GMM in Stata
TL;DR: This pedagogic paper first introduces linear GMM, and shows how limited time span and the potential for fixed effects and endogenous regressors drive the design of the estimators of interest, offering Stata-based examples along the way.
Journal ArticleDOI
How to do xtabond2: An introduction to difference and system GMM in Stata
TL;DR: This paper introduced linear generalized method of moments (GMM) estimators for situations with small T, large N panels, with independent variables that are not strictly exogenous, meaning correlated with past and possibly current realizations of the error; with fixed effects; and with heteroskedasticity and autocorrelation within individuals.
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.