scholarly journals Ownership Structure and Cash Holdings: Insights from Manufacturing Firms

2021 ◽  
Vol 42 (3) ◽  
pp. 59-73
Author(s):  
Maheswar Sethi ◽  
Rabindra Kumar Swain ◽  
Sakti Ranjan Dash
Keyword(s):  
Ownership Structure ◽  
Cash Holdings ◽  
Manufacturing Firms

scholarly journals The Effect of Leverage on Corporate Cash Holdings: Evidence from Indonesian Manufacturing Firms

2018 ◽  
Vol 9 (2) ◽  
pp. 61-72
Author(s):  
Anggita Langgeng Wijaya ◽  
Name Bandi
Keyword(s):  
Sampling Method ◽  
Stock Exchange ◽  
Cash Holdings ◽  
Negative Influence ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Multiple Regressions ◽  
The Impact ◽  
Corporate Cash Holdings ◽  
Study Hypothesis

The objective of this research is to test the impact of leverage on corporate cash holdings for sample of manufacturing companies enlisted on the Indonesian Stock Exchange over the period 2006-2007. Population of this research is all of manufacturing companies on the Indonesian Stock Exchange. The sampling method is purposive. The study hypothesis was tested using multiple regressions. The results show that leverage has a negative influence on corporate cash holdings. Indonesian manufacturing firms with high leverage can hold cash in small amounts because debt is a substitute for corporate cash holdings.

Estimating inward regional FDI spillover in Vietnamese manufacturing firms: ownership structure and firm characteristics

2019 ◽  
Vol 12 (4) ◽  
pp. 542
Author(s):  
Nga T.T. Le ◽  
Hoa D.X. Trieu ◽  
Phuong V. Nguyen ◽  
Hien T.N. Huynh ◽  
Khoa T. Tran
Keyword(s):  
Ownership Structure ◽  
Manufacturing Firms ◽  
Firm Characteristics

scholarly journals The Impact of Ownership Structure on Wage Intensity in Japanese Corporations

2005 ◽  
Vol 31 (2) ◽  
pp. 278-300 ◽  
Author(s):  
Toru Yoshikawa ◽  
Phillip H. Phan ◽  
Parthiban David
Keyword(s):  
Human Capital ◽  
Firm Performance ◽  
Ownership Structure ◽  
Opposite Effect ◽  
Economic Recession ◽  
Manufacturing Firms ◽  
Capital Investments ◽  
Human Capital Investments ◽  
The Impact ◽  
Japanese Corporations

The authors studied the effect of ownership structure on human capital investments as indicated by wage intensity, defined as the ratio of expenditure on employee wages to sales, in a sample of 996 Japanese manufacturing firms during their economic recession of 1998-2002. They found that domestic shareholders, with interests beyond financial considerations, enhance wage intensity, especially when performance is low, and thereby safeguard human capital investments. Foreign shareholders with sole interest in financial returns have an opposite effect; they reduce wage intensity when firm performance is low.

scholarly journals Firm Characteristics and Dividend Policy of Quoted Manufacturing Firms in Sub-Sahara Africa

2020 ◽  
pp. 50-57
Author(s):  
Ajibade, Ayodeji Temitope ◽  
Agi, Mayflowers Kysburn
Keyword(s):  
Firm Size ◽  
Ownership Structure ◽  
Financial Distress ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Manufacturing Firms ◽  
Firm Characteristics ◽  
Dividend Payout ◽  
Johannesburg Stock Exchange ◽  
Dividend Payments

The study examined the effect of firm characteristics on dividend policy in quoted manufacturing firms in Sub-Sahara Africa. Panel data were obtained from twenty (20) quoted manufacturing firms from the Nigerian Stock Exchange, Ghana Stock Exchange, Lusaka Stock Exchange, Johannesburg Stock Exchange and Nairobi Stock Exchange over a period of ten (10) years (2008-2017). The data were analyzed using both descriptive and inferential statistics. Dividend payout ratio was used as a proxy for dividend policy, while liquidity, ownership structure, firm size and leverage were used as proxies for firm characteristics. The study found liquidity to have a positive insignificant impact on dividend payout ratio; a positive insignificant impact of ownership structure on dividend payout ratio; a positive insignificant impact of firm size on dividend payout ratio; a positive significant impact of leverage on dividend payout ratio and jointly, a positive significant impact. It was therefore recommended that manufacturing firms should practice optimum working capital management in order to increase its liquidity level and diminish any likelihood of financial distress. An efficient use of its resources in order to improve performance, profitability as well as its ability to pay dividends. Investors should look out for trends in dividend payments before making investments.

SIMULTANITAS STRUKTUR KEPEMILIKAN, KEBIJAKAN DIVIDEN, DAN UTANG

2012 ◽  
Vol 8 (2) ◽  
pp. 159
Author(s):  
Krisna Mutiara Wati
Keyword(s):  
Ownership Structure ◽  
Institutional Ownership ◽  
Manufacturing Firms ◽  
Least Square ◽  
Managerial Ownership ◽  
Two Stage ◽  
Dividend Policies

The purpose of this study is to examine the simultaneity of four financial variable, i.e. institutional ownership, managerial ownership, dividend policies, and Debt. This study analyzes a sample of IDX-listed manufacturing firms over the period 2006 – 2010. The  coefficients of model are estimated using two stage least square model. The results show a number of important findings. Firstly, institutional ownership was determined simultaneously with managerial ownership, and the coefficient support agency hypothesis. Secondly, institutional ownership was determined simultaneously with dividend, but the coefficient does not support agency hypothesis. Thirdly, institutional ownership was not determined simultaneously with debt. Fourthly, dividend was determined simultaneously with dividend with debt.Keywords: ownership structure, dividend, debt

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