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  • 标题:The effect of cash holdings on firm performance: Evidence from Vietnam listed firms
  • 本地全文:下载
  • 作者:Thu-Trang Thi Doan
  • 期刊名称:Accounting
  • 印刷版ISSN:2369-7393
  • 电子版ISSN:2369-7407
  • 出版年度:2020
  • 卷号:6
  • 期号:5
  • 页码:721-726
  • DOI:10.5267/j.ac.2020.6.012
  • 出版社:Growing Science
  • 摘要:The article examines the impacts of cash holding ratio on the performance of firms listed in Vietnam for the period of 2008-2018. The author finds that the proportion of cash holding had a positive impact on the firm performance. The study also shows the impacts of financial leverage, the ratio of tangible assets, firm size, and sales growth on the firm performance. In addition, this is the first study in Vietnam to find a positive and statistically significant impact of state ownership on the firm performance. Thus, the firm performance can be achieved by the effective state capital management. The results of this study provide a reliable basis for financial managers to make appropriate cash holding decisions to improve the firm performance.
  • 关键词:Cash holdings; Firm performance; GMM; Regression; Vietnam
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