The Financial Determinants of Corporate Cash Holdings: Does Shariah-Compliance Matter?

2020 ◽  
Author(s):  
Faisal Alnori ◽  
Abdullah salem Bugshan ◽  
Walid Bakry
Keyword(s):  
Cash Holdings ◽  
Corporate Cash Holdings

Corporate Cash Holdings and Financial Crisis: Evidence from Developing and Developed Markets

2014 ◽  
Author(s):  
Erdinc Akyildirim ◽  
Ibrahim Ethem GGney
Keyword(s):  
Financial Crisis ◽  
Cash Holdings ◽  
Developed Markets ◽  
Corporate Cash Holdings

Transient Institutional Ownership, Costly External Finance, and Corporate Cash Holdings

2020 ◽  
Author(s):  
Hyun Joong Im ◽  
Heungju Park ◽  
Shams Pathan ◽  
Robert W. Faff
Keyword(s):  
Cash Holdings ◽  
Institutional Ownership ◽  
External Finance ◽  
Corporate Cash Holdings

Personal Taxes and Corporate Cash Holdings

2020 ◽  
Author(s):  
Jens Dick-Nielsen ◽  
Kristian Risgaard Miltersen ◽  
Ramona Westermann
Keyword(s):  
Cash Holdings ◽  
Personal Taxes ◽  
Corporate Cash Holdings

Corporate cash holdings and their implications on firm value in family and founder firms

2012 ◽  
Vol 9 (2) ◽  
pp. 257-273 ◽  
Author(s):  
James Lau ◽  
Joern H. Block
Keyword(s):  
Adverse Selection ◽  
Interaction Effect ◽  
Firm Value ◽  
Family Firms ◽  
Cash Holdings ◽  
Agency Cost ◽  
Economic Incentives ◽  
Positive Interaction ◽  
Superior Knowledge ◽  
Corporate Cash Holdings

This research investigates whether the presence of controlling founders and families has significant impact on the level of cash holdings, and their implications on firm value. The agency cost of cash holdings in founder firms is arguably less severe than family firms, due to founders’ economic incentives, strong psychological commitment and superior knowledge, whereas family firms are exposed to adverse selection and moral hazard as a result of altruism. Results indicate that founder firms hold a significantly higher level of cash holdings than family firms. In addition, there is a positive interaction effect between founder management and cash holdings on firm value, suggesting the presence of founders as managers helps to mitigate the agency costs of cash holdings.

Market value of 10-K readability and corporate cash holdings

2021 ◽  
Vol 201 ◽  
pp. 109796
Author(s):  
Sanghak Choi ◽  
Chune Young Chung ◽  
Daejin Kim ◽  
Junyoup Lee
Keyword(s):  
Cash Holdings ◽  
Market Value ◽  
Corporate Cash Holdings

Blockholder exit threats and corporate cash holdings

2021 ◽  
Author(s):  
Lingna Sun ◽  
Hieu V. Phan ◽  
Thuy Simpson
Keyword(s):  
Cash Holdings ◽  
Corporate Cash Holdings

Determinants of Corporate Cash Holdings

2017 ◽  
Vol 18 (2) ◽  
pp. 416-427 ◽  
Author(s):  
Yogesh Maheshwari ◽  
K.T. Vigneswara Rao
Keyword(s):  
Panel Data ◽  
Fixed Effects ◽  
Capital Expenditure ◽  
Cash Holdings ◽  
Working Capital ◽  
Financial Policies ◽  
Panel Data Regression ◽  
Strong Positive Relationship ◽  
Development Expenditure ◽  
Corporate Cash Holdings

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 for the estimation of panel data model. This study has implications that are beneficial for the business managers to have a better understanding and appreciation of the role and importance of the determinants of corporate cash holdings in formulating and evaluating the corporate financial policies. The results of the study indicate a strong positive relationship between cash holdings and cash flow, dividend payment, market-to-book ratio, net debt issuance and net equity issuance of the sample firms. It is also found that the cash holdings of these firms are negatively affected by net working capital, leverage, research and development expenditure as well as capital expenditure of the firm. The article will help researchers as well as managers to understand as to what motivates the firms to hold cash, given the fact that despite being often termed as a non-earning asset, firms generally hold more cash than their normal working capital requirement.

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