In this paper, we examine how the cash holdings have an impact on R&D expenditures and whether the ownership mechanisms moderate the R&D expendituresthe resource of internal funds relationship. The result showed that cash holdings have a positively relationship with R&D expenditures. Specially, we found that institutional ownership had a positive moderating effect of the R&D expenditures-the re...

We examine the relations between national cultures, the multinationality of the firm and its holdings of cash. We develop several hypotheses from well known corporate finance theories and theories of the multinational firm, positing that cultural factors as well as the degree of multinationality of firms influence their decisions to hold cash. In particular, firms in countries with high uncerta...

Prediction of stock returns has always been one of the most important issues in finance. Investors have attracted to use of Fama-French Five-Factor Model (FFFFM) as one of the powerful methods for pricing financial assets and predicting the stock returns. This research investigates the predictability of stock returns by including some important firms features namely cash holdings, dividend rate...

Agency problems are an important determinant of corporate cash holdings. For a sample of more than 11,000 firms from 45 countries, we find that corporations in countries where shareholders rights are not well protected hold up to twice as much cash as corporations in countries with good shareholder protection. In addition, when shareholder protection is poor, factors that generally drive the ne...

Penelitian ini bertujuan untuk mengetahui sejauh mana Credit Rating mempengaruhi Cash Holding perusahaan. Perusahaan menjadi relatif sensitif terhadap perubahan peringkat, maka akan meningkatkan kepemilikan kas mereka, baik peluang, atau menghindari penurunan peringkat perusahaan di indonesia. Metode penelitian yang digunakan kuantitatif. Jumlah sampel dalam adalah 203 non keuangan terdaftar Bu...

This paper uses presidential elections as the proxy for political uncertainties to investigate impact of election induced on relationship between cash holdings and firm value a sample non-financial firms from U.S. The findings suggest that goes down significantly during years elections. finding, however, is confined only in which both candidates are new headquartered states have always voted De...

• The Study investigates the value relevance of bank cash holdings information. moderating effect board busyness on such is also examined. Investors negatively price banks’ large free flow. Having busy boards reverse negative pricing and promote stock market valuations. Such benefits have been reduced in context Islamic banking. This study examines information outside multiple directorships rel...