Narrow search
Showing 1 - 10 of 36,915
Cover Image
What determines cash holdings at privately held and publicly traded firms? : evidence from 20 emerging markets
Hall, Thomas W.; Mateus, Cesario; Mateus, Irina Bezhentseva - In: International review of financial analysis 33 (2014), pp. 104-116
Persistent link: https://www.econbiz.de/10010520067
Cover Image
Corporate investment, debt and liquidity choices in the light of financial constraints and hedging needs
Bannier, Christina E.; Schürg, Carolin - 2015
We examine firms' simultaneous choice of investment, debt financing and liquidity in a large sample of US corporates …, constrained firms with low hedging needs are found to employ more debt to finance their investment opportunities and build up …
Persistent link: https://www.econbiz.de/10011306991
Cover Image
Multinationals stockpiling cash: Exploring a commodity boom
Hansen, Erwin; Wagner, Rodrigo - 2015
This paper explores how affiliates of multinational corporations save liquidity when facing a transitory cash-flow shock. For this a panel is first built of non-publicly traded copper mines in South America between 2001 and 2012, most of them set up as Foreign Direct Investment (FDI). This...
Persistent link: https://www.econbiz.de/10011314195
Cover Image
Corporate cash holdings: Evidence from a different institutional setting
Dobetz, Wolfgang; Grüninger, Matthias C. - 2006
This paper investigates the determinants of Swiss non-financial firms' cash holdings over the 1995 to 2004 period. The median Swiss firm holds almost twice as much cash and cash equivalents as the median UK or US firm. Our results indicate that there is a negative relationship between asset...
Persistent link: https://www.econbiz.de/10011390602
Cover Image
Cash holdings of German open-end equity funds: Does ownership matter?
Dötz, Niko; Weth, Mark - 2013
In the light of the recent financial crisis, the discussion on the nature of runs and on the stabilizing role of liquidity holdings has intensified. This paper explores the cash management conducted by German open-end equity funds for the period between 2005 and 2010. Since ownership structures...
Persistent link: https://www.econbiz.de/10010326840
Cover Image
The (Self-)Funding of Intangibles
Döttling, Robin; Ladika, Tomislav; Perotti, Enrico - 2016
response to reduced debt capacity. We model how firms' payout and cash holding policies are affected by this shift. Our insight …
Persistent link: https://www.econbiz.de/10011586708
Cover Image
Analysis of bankruptcy threat for risk management purposes: A model approach
Wieczorek-Kosmala, Monika; Błach, Joanna; Trzęsiok, Joanna - In: International Journal of Financial Studies 6 (2018) 4, pp. 1-17
risk map. The purpose of our study is to advocate two additional dimensions that incorporate liquidity and/or debt capacity … companies face the limited ability to self-resist risk outcomes, due to high debt capacity and high liquidity constraints. We … supports the conclusion that the level of liquidity and debt capacity constraints and thus the ability to retain risk outcomes …
Persistent link: https://www.econbiz.de/10011996139
Cover Image
The Effect of the Global Financial Crisis on Corporate Investment in Korea: From the Perspective of Costly External Finance
Jeong, Dae hee - In: KDI Journal of Economic Policy 37 (2015) 1, pp. 19-44
This paper examines the effect of the global financial crisis on corporate investment in Korea. Specifically, the crisis was considered to have possibly constrained firm-level investment as the negative shock to the credit supply dramatically unfolded. As Duchin et al. (2010) demonstrated, if a...
Persistent link: https://www.econbiz.de/10012034778
Cover Image
Assets expropriation via cash dividends? Free cash flow or tunneling
Chiou, Jeng-Ren; Chen, Yenn-Ru; Huang, Ting-Chiao - In: China Journal of Accounting Research 3 (2010), pp. 71-93
This study solves the dispute between the free cash flow and tunneling hypotheses in explaining the role of cash dividends on asset expropriation of the controlling shareholders in Chinese listed firms. Investors value more the cash dividends and the cash holdings of firms with lower ownership...
Persistent link: https://www.econbiz.de/10011936983
Cover Image
Do business groups affect corporate cash holdings? Evidence from a transition economy
Cai, Weixing; Zeng, Cheng; Lee, Edward; Ozkan, Neslihan - In: China Journal of Accounting Research 9 (2016) 1, pp. 1-24
. Group affiliation facilitates related-party transactions, increases debt capacity and decreases investment …
Persistent link: https://www.econbiz.de/10011937016