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Transient institutional ownership, costly external finance and corporate cash holdings

Im, Hyun Joong; Park, Heungju; Pathan, Shams; Faff, … - In: Journal of business finance & accounting : JBFA 52 (2025) 2, pp. 1212-1249

Persistent link: https://www.econbiz.de/10015395212

Uncertainty and the value of cash holdings

Im, Hyun Joong; Park, Heungju; Zhao, Gege - In: Economics letters 155 (2017), pp. 43-48

Persistent link: https://www.econbiz.de/10011821543

Uncertainty and the Value of Cash Holdings

Im, Hyun Joong - 2017

We find that a firm facing higher uncertainty has a higher value of cash. This effect is attributed to the increased value of the option to wait and see as well as the aggravated financial constraints and mitigated agency conflicts

Persistent link: https://www.econbiz.de/10012962206

The effect of stock liquidity on corporate cash holdings : the real investment motive

Im, Hyun Joong; Oliver, Barry R.; Park, Heungju - In: International review of finance : the official journal … 22 (2022) 3, pp. 580-596

Persistent link: https://www.econbiz.de/10013413257

Unified government and the value of cash holdings

Im, Hyun Joong; Kim, Jiyeon; Ryu, Dean - In: Finance research letters 58 (2023) 3, pp. 1-9

Persistent link: https://www.econbiz.de/10014636655

Transient Institutional Ownership, Costly External Finance, and Corporate Cash Holdings

Im, Hyun Joong - 2020

We investigate how transient institutional ownership influences the level and value of cash holdings. We show that transient institutional ownership has a positive effect on cash holdings, and this linkage is more pronounced when stock and credit market conditions are less favorable. Using a...

Persistent link: https://www.econbiz.de/10012844766

Stock Liquidity and the Complementarity between External Financing and Cash Holdings

Im, Hyun Joong - 2020

Do firms with liquid stocks hold more cash? If so, why? We show that liquidity has a positive effect on the level and value of cash holdings. Using a regression discontinuity design based on the Russell 1000/2000 index reconstitution, we also show that there is a causal link between liquidity...

Persistent link: https://www.econbiz.de/10012833045