DETERMINANTS OF CORPORATE CASH HOLDINGS: THE CASE OF AN EMERGING MARKET
Nizamettin Bayyurt, Mirgül Nizaeva
Pagini: 191-201
Publicat: 28 Aug 2016
Vizualizări: 2,406
Descărcări: 673
Rezumat: This study attempts to investigate both firm-specific and country specific determinants of corporate cash holding behaviors in case of Turkish listed 164 manufacturing firms over the period of 2003 to 2013. According to our examination, on average, manufacturing firms hold 7.3 % cash to total assets. The findings of the panel data analysis indicate that large firms, based on their total assets, hold more cash than their smaller counterparts. A positive effect of interest rate and risk on corporate cash holding was observed. Furthermore, negative associations between net working capital, leverage, asset tangibility degree, capital expenditures and cash holding level were captured.
Cuvinte cheie: determinants, corporate cash holdings, emerging market
Citează acest articol: Nizamettin Bayyurt, Mirgül Nizaeva. DETERMINANTS OF CORPORATE CASH HOLDINGS: THE CASE OF AN EMERGING MARKET. Journal of International Scientific Publications: Economy & Business 10, 191-201 (2016). https://www.scientific-publications.net/en/article/1001232/
Înapoi la cuprinsul volumului
© 2025 The Author(s). This is an open access article distributed under the terms of the
Creative Commons Attribution License https://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This permission does not cover any third party copyrighted material which may appear in the work requested.
Disclaimer: The Publisher and/or the editor(s) are not responsible for the statements, opinions, and data contained in any published works. These are solely the views of the individual author(s) and contributor(s). The Publisher and/or the editor(s) disclaim any liability for injury to individuals or property arising from the ideas, methods, instructions, or products mentioned in the content.
