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Strategic deviance and cash holdings
Journal of Business Finance & Accounting, 2020AbstractWe examine the impact of strategic deviance on corporate cash holdings and find that firms with strategies that deviate from their industry peers hold more cash. This pattern can be consistent with an agency motive, a precautionary motive, or both.
Xueyan Dong +3 more
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Cash in the Pocket, Cash in the Cloud: Cash Holdings of Bitcoin Owners
2022Nous estimons l’effet de la détention de bitcoins sur la propension des consommateurs canadiens à détenir de l’argent comptant. Il existe une corrélation positive entre la détention de bitcoins et les avoirs en argent liquide même après la prise en compte d’un biais de sélectivité à l’aide d’une fonction de contrôle.
Balutel, Daniela +3 more
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Uncertainty and the value of cash holdings
Economics Letters, 2016zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Im, Hyun Joong +2 more
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Cash Holdings in Private Firms
SSRN Electronic Journal, 2009Abstract Evidence from a wide sample of Italian private firms shows that cash holdings are significantly related with smaller size, higher risk and lower effective tax rates, therefore supporting predictions from the trade-off model. More cash is also held by firms with longer cash conversion cycles and lower financing deficits, as predicted by the ...
BIGELLI, MARCO, J. Sanchez Vidal
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Trust and Corporate Cash Holdings
SSRN Electronic Journal, 2015We examine the relation between the level of trust in a country and corporate cash holdings. Agency theories predict that shareholders in countries with low levels of societal trust will pressure firms to disgorge cash. Precautionary savings motives predict that firms located in countries with less trusting societies will hoard more cash in order to ...
Evan Dudley, Ning Zhang
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Misvaluation and the Corporate Propensity to Hold Cash
SSRN Electronic Journal, 2021Abstract This study adopts a new perspective, misvaluation, to explain corporate propensity to hold cash. We find a strong cross-sectional relationship between misvaluation and the propensity to hold cash, which can be attributed to firms' investment, cash dividends, and equity raising activities.
Chou, Robin K. +2 more
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SSRN Electronic Journal, 2009
We use a dynamic cash management model in which firms face competitive pressure to show that product market competition increases the cash holdings as well as the size and frequency of equity issues of financially constrained firms. We test these predictions on Compustat firms for the period 1980-2007 and show that product market competition has first ...
Erwan Morellec, Boris Nikolov
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We use a dynamic cash management model in which firms face competitive pressure to show that product market competition increases the cash holdings as well as the size and frequency of equity issues of financially constrained firms. We test these predictions on Compustat firms for the period 1980-2007 and show that product market competition has first ...
Erwan Morellec, Boris Nikolov
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Journal of Applied Corporate Finance, 2001
There have been several cases in recent years—most notably, Chrysler—in which shareholders have objected to the level of companies' holdings of cash and other liquid assets. This paper describes the authors' study of the determinants of liquid asset holdings by publicly traded U.S. firms and how these holdings change over time. For those companies that
Tim Opler +3 more
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There have been several cases in recent years—most notably, Chrysler—in which shareholders have objected to the level of companies' holdings of cash and other liquid assets. This paper describes the authors' study of the determinants of liquid asset holdings by publicly traded U.S. firms and how these holdings change over time. For those companies that
Tim Opler +3 more
openaire +1 more source
2023
Abstract This chapter presents trends for corporate cash holdings and lists the pros and cons of such holdings. The costs of insufficient cash, referred to as “ripple effects,” are discussed in detail. They arise because the firm is unable to invest in value-enhancing projects, must raise expensive external capital, or is forced to sell ...
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Abstract This chapter presents trends for corporate cash holdings and lists the pros and cons of such holdings. The costs of insufficient cash, referred to as “ripple effects,” are discussed in detail. They arise because the firm is unable to invest in value-enhancing projects, must raise expensive external capital, or is forced to sell ...
openaire +1 more source
Journal of Management World
This paper has objective to explore determinant of Cash Holding in Emerging Market. Variable is used to determine cash holding which is Gross Profit Margin, Accounts Receivable and Account Payable, Return on Assets, Debt to Equity Ratio, Interest Rate and COVID-19. This paper used panel data model to estimate relationship among variable.
Adler Haymans Manurung +4 more
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This paper has objective to explore determinant of Cash Holding in Emerging Market. Variable is used to determine cash holding which is Gross Profit Margin, Accounts Receivable and Account Payable, Return on Assets, Debt to Equity Ratio, Interest Rate and COVID-19. This paper used panel data model to estimate relationship among variable.
Adler Haymans Manurung +4 more
openaire +1 more source