Cuong Nguyen Thanh - In: Journal of risk and financial management : JRFM 12 (2019) 2/104, pp. 1-18
The purpose of this research is to investigate whether there is an optimal cash holding ratio, in which firm …'s performance can be maximized. The threshold regression model is applied to test the threshold effect of the cash holding ratio on … is positive but tends to decrease when the cash holding ratio passes the 9.93% check point, implying that an increase in …
