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Cash holding and firm value in the presence of managerial optimism
Habib, Ashfaq; Bhatti, Muhammad Ishaq; Khan, Muhammad Asif - In: Journal of risk and financial management : JRFM 14 (2021) 8, pp. 1-18
Cash holding is important for Chinese manufacturing firms coping with the increasing costs of financing and tough economic conditions. This study examines the impact of cash holding on the firm value of Chinese manufacturing businesses. We found evidence that a non-linear relationship exists...
Persistent link: https://www.econbiz.de/10012626541
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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
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Optimal cash holding ratio for non-financial firms in Vietnam stock exchange market
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 firm's performance of 306 non-financial companies...
Persistent link: https://www.econbiz.de/10012021946
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Risk disclosure and corporate cash holdings
Haj-Salem, Issal; Hussainey, Khaled - In: Journal of risk and financial management : JRFM 14 (2021) 7, pp. 1-15
In this paper, we extend corporate disclosure and corporate cash holdings literature by testing whether corporate voluntary risk disclosure affects corporate cash holdings for a sample of Tunisian non-financial listed companies. As a measure of risk disclosure, we use manual content analysis to...
Persistent link: https://www.econbiz.de/10012626218
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International corporate cash holdings and firm-level exposure to COVID-19 : do cultural dimensions matter?
Hoang, Khanh; Nguyen, Cuong; Tran, Dung Viet; Anh Phan - In: Journal of risk and financial management : JRFM 15 (2022) 6, pp. 1-14
This study investigates the impact of COVID-19 exposure on corporate cash holdings using firm data across sixteen developing and developed economies. The results show that firms reserve more cash when their exposure to COVID-19 increases. We also find a cash burn effect during the COVID-19...
Persistent link: https://www.econbiz.de/10013273650
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Corporate cash holdings and national culture : evidence from the Middle East and North Africa region
El-Halaby, Sherif; Abdelrasheed, Hosam; Hussainey, Khaled - In: Journal of risk and financial management : JRFM 14 (2021) 10, pp. 1-22
This paper investigates to what extent cultural dimensions, based on Hofstede’s model, can clarify differences in cash holding levels. The sample includes 395 banks across 19 countries in the Middle East and North Africa region over a period of 16 years (1999-2014). The findings indicate that...
Persistent link: https://www.econbiz.de/10012745264
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Informal finance : a boon or bane for African SMEs?
Mpofu, Olipha; Sibindi, Athenia Bongani - In: Journal of risk and financial management : JRFM 15 (2022) 6, pp. 1-15
The aim of this study was to ascertain what can be done by the informal finance sector to close the credit gap in order … as a last resort by SMEs that fail to access credit from the formal finance sector, owing to, among other issues … absence of credit bureaus in developing countries also contribute to the failure to access finance from formal institutions …
Persistent link: https://www.econbiz.de/10013273732
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Solvency risk and corporate performance : a case study on European retailers
Horobet, Alexandra; Curea, Ştefania-Cristina; … - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-34
This paper proposes a new approach toward understanding the financial performance dynamics in the EU retail sector (pre-pandemic); we focus on the connection between indebtedness and solvency risk and other areas of corporate performance (e.g., liquidity, assets efficiency, and profitability)....
Persistent link: https://www.econbiz.de/10012795567
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Debt market trends and predictors of specialization : an analysis of Pakistani corporate sector
Khan, Kanwal Iqbal; Qadeer, Faisal; Mata, Mário Nuno; … - In: Journal of risk and financial management : JRFM 14 (2021) 5, pp. 1-16
-affiliated, and low-leverage companies incline more towards this strategy. Credit rating, debt maturity, financial and interest …
Persistent link: https://www.econbiz.de/10012587447
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Determinants of financial performance of insurance companies : empirical evidence using Kenyan data
Morara, Kamanda; Sibindi, Athenia Bongani - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-13
The drivers of financial success of the insurance industry are of interest to several players in any economy including the government; policymakers; policyholders; and investors. In Kenya; there have been relatively few studies on this topic; most of which look at narrow elements that determine...
Persistent link: https://www.econbiz.de/10012798319