THE IMPACT OF CASH HOLDING ON MARKET PERFORMANCE OF LISTED FIRMS IN THE VIETNAMESE STOCK MARKET

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F17%3A63517286" target="_blank" >RIV/70883521:28120/17:63517286 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
THE IMPACT OF CASH HOLDING ON MARKET PERFORMANCE OF LISTED FIRMS IN THE VIETNAMESE STOCK MARKET
Original language description
Using a sample of 650 listed firms on the Vietnamese stock exchange over the period 2007 to 2016, we examine the factors effect on the cash holding with employing the mixed model. The results find out leverage, state ownership, profit and firm age has a positive impact on cash holding level while leverage and size influence negatively on cash reserve. Furthermore, the dividend and the foreigners in board is insignificant with cash holding level. The findings have implications of cash management in the firms. Reference to the relationship between market performance and cash reserve level, this study investigates that the cash holding influences on market performance of listed firms. The findings will contribute to understand the factors impacting on the cash holding level as well as the important of cash management in improving the market performance of listed firms.
Czech name
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Czech description
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Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 8th International Scientific Conference Finance and Performance of Firms in Science, Education and Practice
ISBN
978-80-7454-653-2
ISSN
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e-ISSN
neuvedeno
Number of pages
13
Pages from-to
137-149
Publisher name
Fakulta managementu a ekonomiky, UTB ve Zlíně
Place of publication
Zlín
Event location
Zlín
Event date
Apr 26, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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