Effect of Firm Structure on Corporate Cash Holding (Evidence from Non-Financial Companies)
نویسندگان
چکیده
منابع مشابه
Profit Performance of Financial Holding Companies: Evidence from Taiwan
The paper aims to examine the determinants of profit performance of financial holding companies (FHCs) using panel data for the period 2001–9. The effects of bankspecific ownership structure and dualcore strategy are examined. Our findings show that (1) business diversification, a lower financial cost, a higher liquidity ratio, larger assets, and lower debt ratios can improve the profit perform...
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Article history: Received 31 August 2009 Received in revised form 24 May 2010 Accepted 2 June 2010 Available online 10 June 2010 We analyze whether the organizational structure of firms (i.e., whether a firm is diversified or focused) affects their cash holdings. Using Compustat firm level and segment-level data, we find that diversified firms hold significantly less cash than their focused cou...
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Measuring the performance of financial holding companies Chuang-Min Chao a , Ming-Miin Yu b & Mu-Chen Chen c a Department of Business Management , National Taipei University of Technology , No. 1, Section 3, Chung-Hsiao E. Road, Taipei, 105, Taiwan, Republic of China b Department of Transportation and Navigation Science , National Taiwan Ocean University , No. 2, Pei-Ning Road, Keelung, 20224, ...
متن کاملFirm Selection and Corporate Cash Holdings∗
The gradual replacement of traditional U.S. public companies by more R&D-intensive firms is key to understanding the secular trend in average cash-holdings. Over the last 35 years, an increasing share of R&D—intensive firms has entered the stock market with progressively higher cash-balances. This positive entry-effect dominates the negative within-firm effect post IPO. We build a firm industry...
متن کاملFinancial Structure and Corporate Growth: Evidence from Italian Panel Data *
We study the relationships between firm financial structure and growth for a large sample of Italian firms (1998-2003). We expand upon existing analyses testing whether liquidity constraints affect firm performance by considering among growth determinants also firm debt structure. Panel regression analyses show that more liquid firms tend to grow more. However, firms do not use their capital to...
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ژورنال
عنوان ژورنال: Journal of Financial Risk Management
سال: 2019
ISSN: 2167-9533,2167-9541
DOI: 10.4236/jfrm.2019.81001