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Heterogeneous effect of uncertainty on corporate investment : evidence from listed Korean firms

Kim, Cheonkoo; Park, Jungsoo; Park, Donghyun; Tian, Shu - In: International journal of empirical economics 2 (2023) 4, pp. 1-26

In this study, we analyse the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … constraints and investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the …

Persistent link: https://www.econbiz.de/10014491718

Value of excess cash holdings of financially unconstrained companies

Hendrawaty, Ernie - In: Contemporary economics 13 (2019) 3, pp. 293-304

This study provides an investigation into the link between financial constraints and cash holdings from the perspective of a developing country. It is based on the view that managers acting as agents are managing firms on behalf of shareholders, which is leading to agency conflicts and hence...

Persistent link: https://www.econbiz.de/10012176693

Impact of financial constraints and financial distress on cash holdings

Bukalska, Elżbieta; Maziarczyk, Anna - In: International journal of management and economics 59 (2023) 1, pp. 13-31

The aim of the study is to examine the impact of financial constraints and financial distress on cash holdings, both in normal and crisis times. We collected the 4,406 firm-year observations of companies listed on the Warsaw Stock Exchange (WSE). Our research shows that companies maintain higher...

Persistent link: https://www.econbiz.de/10014310085

Economic policy uncertainty and corporate leverage : does cash holdings matter? : evidence from the U.S.

Jumah, Zahid; Younas, Zahid Irshad; Safdar, Nabeel; … - In: Cogent economics & finance 11 (2023) 1, pp. 1-28

This research study examines the mediating role of cash holdings between the economic policy uncertainty (EPU) and corporate leverage relationship. Using stepwise regression analysis and annual firm-level data of 2,534 U.S. firms listed at NYSE over 1995-2018, we provide novel evidence that cash...

Persistent link: https://www.econbiz.de/10014500896

Firm size does matter : new evidence on the determinants of cash holdings

Magerakis, Efstathios; Gillas, Konstantinos Gkillas; … - In: Journal of risk and financial management : JRFM 13 (2020) 8/163, pp. 1-33

We study the financial determinants of cash holdings and discuss the importance of firm size in the post-crisis period. We employ panel data regression analysis on a sample of 6629 non-financial and non-utility listed companies in the United Kingdom from 2010 to 2018. We focus on the comparative...

Persistent link: https://www.econbiz.de/10012322361

Heterogeneous effect of uncertainty on corporate investment : evidence from listed firms in the Republic of Korea

Kim, Cheonkoo; Park, Jungsoo; Park, Donghyun; Tian, Shu - 2022

In this paper, we analyze the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the uncertainty effect …

Persistent link: https://www.econbiz.de/10012820828

Do financing constraints hinder corporate fixed investment? : evidence from the Amman stock exchange

Khataybeh, Mohammad A. - In: Cogent business & management 8 (2021) 1, pp. 1-11

This research provides new evidence on financing constraints on corporate fixed investment by emphasizing the role of … the cash holdings variable appears to be negative in the fixed-investment regression, suggesting that when firms face …

Persistent link: https://www.econbiz.de/10012662096

Corporate cash holdings in emerging markets

Diaw, Alassane - In: Borsa Istanbul Review 21 (2021) 2, pp. 139-148

This paper contributes to studies on corporate liquidity management. It explores the determinants of cash holdings of firms in emerging countries using panel data models. The results indicate that highly liquid firms in emerging countries show one or more of the following characteristics. They...

Persistent link: https://www.econbiz.de/10012816602

Working capital investment : a comparative study : Canada versus the United States

Khokhar, Abdul-Rahman - In: Multinational finance journal 23 (2019) 1/2, pp. 65-102

Persistent link: https://www.econbiz.de/10012547808

Corporate sector cash holding : optimal levels, macro context, or external shocks?

Berent, Tomasz; Śniechowski, Maciej - In: International journal of management and economics 59 (2023) 4, pp. 297-314

The objective of this paper is to validate the existence of an extensively documented secular upward trend in corporate cash holding. To do this, we use the new data for Poland and review original datasets from Bates et al. [2009] for the U.S. We find no trace of a trend for Poland and believe...

Persistent link: https://www.econbiz.de/10014476839