Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2020.1823241
Cash holdings and firm performance relationship: Do firm-specific factors matter?
Jiang Yun
Hassan Ahmad
Khalil Jebran
Sher Muhammad
Sažetak
This study shows how the relationship between cash holdings
and firm performance is moderated by several firm-specific factors
such as state-ownership, corporate governance attributes, family
ownership, and ownership concentration. By considering a sample
of Chinese firms, this study provides strong evidence that the
cash holdings and performance association is significantly moderated by firm-specific attributes. Specifically, this study documented that cash holdings improve the performance of firms
having strong corporate governance. Further, family ownership
and ownership concentration negatively affect the relationship
between cash and performance, while state-ownership positively
moderates this relationship. Overall, the findings elaborate that
firm-specific attributes are important factors influencing the association between cash holdings and firm performance.
Ključne riječi
Cash holdings; firm performance; corporate governance; family ownership; state-ownership; ownership concentration
Hrčak ID:
301228
URI
Datum izdavanja:
31.12.2021.
Posjeta: 529 *