cash holdings
Corporate cash holdings: causes and consequences
... in cash and 15% of their assets in the form of pre-committed lines of ...than cash holdings are generally used by managers to finance future investment opportunities when they expect external ...
41
The Impact of Predation Risk on the Marginal Value of Cash Holdings: An Empirical Perspective
... of cash in the product market, in turn, to promote the company with great financial strength to implement the predatory ...insufficient cash holdings are less likely to invest in establishing market ...
13
The determinants of cash holdings and its effect on the performance of European listed firms
... between cash holdings and R&D expenses as explained by the precautionary mo- tive, it can be argued that firms with higher cash holdings will be in a better position to continue funding ...
51
The Impact of Governance Mechanism and Managerial Overconfidence on the Value of Cash Holdings
... the cash holding and value of enterprises. Meanwhile, academic papers on cash holding and managers also concentrated on the problem of ...free cash flow theory by Jensen (1986), enterprises holding ...
13
The Role Of Cash Holdings, Working Capital, Dividend Payout On Capital Investment
... generated cash flow in excess of that required to maintain existing assets in place on new negative net present value projects (Blanchard, Lopez-de-Silanes & Shleifer, 1994; Opler, Pinkowitz, Stulz & ...
8
Deviation from Optimal Level of Cash Holdings and Cumulative Abnormal Returns
... insufficient cash of firms, the optimal level of cash model is ...of cash holdings which is contradicts with Oler and Picconi ...of cash which is consistent with the findings of Oler ...
9
Cash Holdings of Listed Companies in the Eurozone: Evidence Pre- and Post-Crisis
... more cash out of cash flows, which translates in augmented sensitivity of cash to cash flow (Almeida et ...higher cash flows volatility tend to increase cash holdings ...
19
The determinants of cash holdings : evidence from German listed firms
... the cash holdings of firms across countries ...for cash holdings in German as well as Japanese publicly traded industrial firms and Bigelli & Sanchez-Vidal (2010) investigate Italian ...
85
The determinants of cash holdings: evidence from dutch listed firms
... of cash reserves in more profitable firms as financial slack (Bigelli & Sanchez-Vidal, ...2010). Cash is seen as a buffer between retained earnings and investment needs (Ferreira & Vilela, ...their ...
142
Cash Holdings of S & P Firms Over the Past Decade
... much cash? According to Jensen (1986), when information asymmetry exists between managers and shareholders, firms tend to retain larger amounts of cash rather than paying dividends to ...of cash the ...
8
Corporate cash holdings: Determinants and implications from Vietnamese market
... on cash holdings include works on the US manufacturing sector, by Nadiri (1969) and then Campbell and Brendsel (1977), with data from 1948-1964 and from 1953- 1963, ...real cash balances, with ...
59
Managerial Ownership and Corporate Cash Holdings: Insights from an Emerging Market
... between cash holdings and corporate governance ...and cash holding levels either take into consideration the importance of country level governance quality or firm level governance ...of cash ...
14
EFFECT OF FIRM-SPECIFIC AND MACROECONOMIC CONDITIONS ON CORPORATE CASH HOLDINGS: EVIDENCE FROM FMCG COMPANIES IN INDIA
... of cash cycle and collateral value of ...of cash in countries having difficulty in accessing capital markets with low shareholder ...on cash holdings of Canadian firms during 2008-2010 ...
23
Corporate Cash Holdings and Product Market Competition: The Effects of Stock-Based Executive Compensation
... A literature review validated the effects of corporate governance mechanisms and incentive agreements on corporate cash holdings and cash value. However, few studies have considered the effects of ...
18
Impact of Corporate Governance on the Cash Holdings of the Firms Listed on the Tehran Stock Exchange
... The cash maintenance level is also found to be associated with the values of the Tehran listed ...The Cash holdings level is also significantly and positively associated with the firms listed on the ...
14
The Impact of Inflation and Operating Cycle on the Corporate Cash Holdings in South-East Europe
... optimal cash level as a balance of costs and benefits of cash ...corporate cash amount is not only dependent on many company-specific factors (Opler et ...company cash holdings (Curtis ...
12
The Impact of Financial Constraints and Managerial Entrenchment on the Relationship between Excess Cash Holdings and Investment
... excess cash holdings, and regarding the fact that managers in companies where there are more cash flows, are more likely to get involve in investment activities which are not always profitable it is ...
15
Innovation races and the strategic role of cash holdings : evidence from pharmaceutical patents
... The role of incumbency is crucial to interpret this evidence. Incumbents and entrants have di¤erent incentives to innovate: incumbents win to increase or preserve their market power and entrants win to start sharing the ...
58
Corporate Governance and Cash Holdings in Hospitality Firms: Do Board Characteristics Matter?
... of cash remains unclear in association with the crisis. Therefore, cash management is essential for hospitality firms during good times and even more so during uncertain economic ...of cash ...
17
Capital structure, cash holdings and firm value : a study of Brazilian listed firms
... of cash holdings, as cash could be negative ...(2007), cash holdings are an important component of firms’ optimal financing structure, being correlated to firm value, growth ...
14