Determinants of Corporate Cash Holding: Evidence from UK Listed Firms

• Autorzy: Le Duc Hoang , Phi Long Tran , Thu Phuong Ta , Duy Minh Vu
• Języki publikacji: EN

Abstrakty

EN

Our paper revisits the determinants of company cash holding. It attempts to explain the cash holding behavior of firms' managers by investigating non-financial companies listed on the London Stock Exchange from 2011 to 2016. Our results indicate that firm size, leverage, cash flow, cash flow volatility, and investment opportunity exert influence on such cash holding behavior. It can be explained by the tradeoff theory, the pecking-order theory and free cash flow theory. Our results may shed light on the decrease in the cash holding level for the post-crisis period. (original abstract)

Słowa kluczowe

EN

Cash handling; Cash management; Stock market companies; Cash flows

PL

Obsługa gotówki; Zarządzanie gotówką; Spółki giełdowe; Przepływy pieniężne

• Czasopismo: Business and Economic Horizons
• Rocznik: 2018
• Numer: vol. 14, iss. 3
• Strony: 561--569

Twórcy

autor

Le Duc Hoang

• National Economics University, Vietnam

autor

Phi Long Tran

• National Economics University, Vietnam

autor

Thu Phuong Ta

• National Economics University, Vietnam

autor

Duy Minh Vu

• National Economics University, Vietnam

Bibliografia

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Identyfikatory

DOI

10.15208/beh.2018.40