Enhanced stock liquidity increases a firm’s propensity to hold cash. This is surprising given the view that improved reduces financial constraints. We propose firms have repurchase motive for holding Higher strengthens this incentive. Consistent with this, more liquid increase cash holdings relatively when restrictions repurchases are eased. The effect of on not influenced by access credit mark...

This study examines the effect of debt policy, good corporate governance and cash holing on firm value, where includes independent commissioner, managerial ownership, institutional audit committee board size. The sample in this used 198 data from 66 manufacturing companies listed Indonesia Stock Exchange for period 2018-2020 by using purposive sampling method. analysis toold are normality test,...

Tujuan dari penelitian ini yaitu untuk menguji dan menganalisis sekuat apa pengaruh variabel bebas leverage, corporate strategy, cash holding, profitabilitas baik secara individual bersamaan dalam mempengaruhi manajemen laba. Populasi yang akan digunakan perusahaan manufaktur listing di BEI tahun 2019 - 2021. Penentuan sampelnya dilakukan dengan teknik purposive sampling mendapatkan sampel seju...

The purpose of this research is to look into the impact cash holding, profitability, and business size on income smoothing subject study a manufacturing listed Indonesia Stock Exchange in products consumption sub-sector. Purposive sampling was utilized collect data. data-binarygistic regression data analysis strategy used confirm hypothesis correct. SPSS application process information. Cash ho...

We integrate heterogeneity and uncertainty in investor valuations into a model of takeovers. Investors have dispersed valuations, holding shares in firms they value more highly, and a successful offer must win approval from the median target shareholder. We derive the consequences for an acquiring firm’s takeover offer—its size and cash/equity structure—and implications for takeover premia and ...

It is well accepted that aligning managerial incentives with those of stock holders enhances shareholder value. In theory models, such alignment is usually modeled as giving managers a stake in the realized cash flows of the firm’s projects. However, such a stake, which entails a manager holding on to her equity position until all cash flow uncertainty is resolved, can lead a risk averse manage...

Current assets and cash in enterprise are maintained for risk reduction purposes. The basic financial purpose of an enterprise is maximization of its value. Cash and current assets management should also contribute to realization of this fundamental aim. The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences that can r...