The prestige of stock exchanges and corporate cash holding in transition economies: a study on Vietnamese listed firms
Journal: Investment Management and Financial Innovations (Vol.14, No. 3)Publication Date: 2017-12-05
Authors : Do Thi Thanh Nhan; Ngo Minh Vu; Pham Ha; Drahomíra Pavelková;
Page : 199-209
Keywords : cash holding; stock exchange; the prestige; Vietnamese listed firms;
Abstract
The main purpose is to examine the relationship between corporate cash holding level and the prestige of the stock exchanges. And the other determinants in the listing requirements impact on cash holding level will be indicated. The paper uses a sample of 577 listed firms excluding the financial institutions on the Vietnamese stock exchange over the period 2007–2015. The results show that the listed firms on the stock exchange with higher prestige hold larger amount of cash reserve and vice versa. The study shows that there is a statistically significant connection between cash holding and the listing requirements such as profitability, dividend and information disclosure. The findings have implications on the cash management of listed firms in the stock exchanges with dissimilar prestige.
Other Latest Articles
- Investment capacity of the economy during the implementation of projects of public-private partnership
- The adjustment speeds of short-run real estate investment trust (REIT) and corresponding stock returns in the USA and Australia
- SİVİLLEŞME ALGISI ÖLÇEĞİ: GEÇERLİK VE GÜVENİRLİK ÇALIŞMASI / THE SCALE OF CIVILIZATION PERCEPTION: THE VALIDITY AND RELIABILITY STUDY
- Semi-monthly effect in stock returns: new evidence from Bombay Stock Exchange
- Inefficiency of pension investment regulation: case of Russia
Last modified: 2018-03-14 17:13:34