Buddhism and Taoism have been deeply rooted in China for generations both of them a profound impact on the local culture social norms. By employing 23,999 firm-year observations between 2008 2018, we examine how religious norms affect corporate cash policies. We provide strong evidence that religiosity significantly reduces level holdings, by mitigating financial constraints earnings management...

The objective of this paper is to investigate the impact coronavirus disease 2019 (COVID-19) on financial performance and cash holdings Chinese agri-food companies. We also examine whether or not company ownership, affected areas, leverage level affect relationship. empirical results show that COVID-19 outbreak has had no significant cash-holding In addition, state-owned companies enhanced duri...

We outline a simple model in which optimizing firms choose corporate investment, external financing, and cash holding decisions simultaneously. The model generates predictions for the responsiveness of the above three corporate financial decisions to cash flow shocks and firm misvaluation, as well as new predictions for the crosseffects of misvaluation on the cash flow sensitivities of these co...

Prediction of stock returns has always been one of the most important issues in finance. Investors have attracted to use of Fama-French Five-Factor Model (FFFFM) as one of the powerful methods for pricing financial assets and predicting the stock returns. This research investigates the predictability of stock returns by including some important firms features namely cash holdings, dividend rate...

There are two schools of thought regarding cash policy, where one sect finds policy is insignificant in today’s perfect capital market condition and the other feel corporate key determinant company growth success. Corporates constantly balance maintaining reserves to cushion against future contingencies. Shortage liquid assets may affect operation firm. Cash management any firm bounded by preca...

AbstractThe purpose of this study is to provide empirical evidence on the Effect Investment Opportunity Set ̧ Cash Conversion Cycle, Asset Growth, Net Working Capital and Company Size Holding. The population in was 83 companies with sampling techniques used were slovin method quota sampling. sample a Property Real Estate company that has complete financial statement data for 2017-2022. 205 or 41...

Constant pressure to increase return on assets has firms seeking ways to reduce their working capital costs. In the cash management area, firms are employing more sophisticated collection and disbursement systems. Cash management systems today efficiently speed up collections and, at the end of the day, sweep excess balances into money market accounts. Cash managers focus on finding the optimal...

Likuiditas sangat penting bagi perusahaan, karena dengan likuiditas menunjukan kemampuan perusahaan untuk dapat bertahan dalam waktu yang lama. Untuk meningkatkan kas perlu diadakan. Kegiatan ini sering disebut sebagai cash holding. Sehingga pada riset holding akan diuji melalui keterkaitan antara ukuran leverage, dan profitabilitas dimoderasi oleh goodwill non-jasa keuangan terdaftar di Bursa ...