The purpose of this study was to determine and analyze the effect cash holding dividends on firm value in property real estate companies listed Indonesia Stock Exchange, either partially or simultaneously. quantitative type research used study, population is all Exchange for 2010-2019 period sample selection technique uses purposive sampling so that a obtained. data collection techniques with d...

Using a novel, hand-collected dataset, comprising 321 exited buyouts in the UK in the period 1995 to 2004, this study examines the realized value increase in exited leveraged buyouts. Testing the free cash flow theory, we show that value increase and return characteristics of LBOs are to some extent related to the corporate governance mechanisms resulting from a leveraged buyout, especially man...

Purpose This paper aims to study the impact of human resource heterogeneity on firms’ cash-holding policies. Design/methodology/approach The authors construct a proxy for using dissimilarity in employees’ skill structure between firm and its peers same industry. Findings report evidence that firms with heterogeneous resources hold more cash than other firms. effect is pronounced labor-intensive...

In light of the recent regulatory changes and the increase in cash reserves after the financial crisis of 2007-08, we examine the determinants of cash levels and the effects of excess cash on bank’s business policies, for both listed and unlisted banks. As for the determinants, we find that larger, more profitable, more capitalized, and more diversified banks hold less cash. As for bank’s polic...

this article conducts a research about the relationship between cash dividend policy and enterprise value based on the data coming from the A-share listed companies over period 2005-2009. In conclusion, the enterprise value has a negative correlation with the incremental and the degressive cash dividend per share, and has a positive correlation with the stable cash dividend per share. Keywords—...

In this paper we provide evidence on how firm-specific and macroeconomic uncertainty affects shareholders’ valuation of a firm’s cash holdings. This extends previous work on this issue by highlighting the importance of the source of uncertainty. Our findings indicate that increases in firm-specific risk generally increase the value of cash while increases in macroeconomic risk generally decreas...

T he 1999 Purdue Land Values Survey indicates that the value of an acre of average bare Indiana cropland was $2,092 per acre in June 1999. This was $63 less than the value reported in June 1998, a 2.9 percent decrease. This decline ends 11 consecutive years of increasing values. Cash rents declined from 1998 to 1999 on average land by a little less than two percent to $110 per acre. This is the...