UNDERSTANDING CASH HOLDING DETERMINANTS IN THE CONSTRUCTION INDUSTRY:INSIGHTS FROM LISTED COMPANIES IN VIETNAM
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63569998" target="_blank" >RIV/70883521:28120/23:63569998 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.7441/dokbat.2023.19" target="_blank" >http://dx.doi.org/10.7441/dokbat.2023.19</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.7441/dokbat.2023.19" target="_blank" >10.7441/dokbat.2023.19</a>
Alternative languages
Result language
angličtina
Original language name
UNDERSTANDING CASH HOLDING DETERMINANTS IN THE CONSTRUCTION INDUSTRY:INSIGHTS FROM LISTED COMPANIES IN VIETNAM
Original language description
The analysis uses information from 153 businesses in the construction sector that were listed between 2010 and 2020 on the Ho Chi Minh Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX). The study investigates the variables influencing cash oldings in Vietnamese construction firms using OLS, FEM, REM, and FGLS methodologies. According to the study's findings, macroeconomic issues have less of an impact on a company's cash holding ratio than internal ones. Particularly, business size has an adverse relationship with cash holdings since capital raising for large organizations is frequently simpler than for small companies. The company's cash is mostly used for ongoing operations, including making loan payments, paying employees' wages, buying supplies, etc. However, keeping cash at a low level might quickly result in a loss of liquidity, especially in some unique economic circumstances, if the firm relies on a huge scale without taking the holding ratio into account. Additionally, there is a strong positive correlation between profitability and the cash holding ratio that significantly affects this ratio. Construction businesses frequently use retained earnings from one period to fund their current activities. In order to increase the caliber of their work, construction businesses might invest in new projects, train skilled labor, and purchase tools and equipment. Overall, this study provides important insights into cash holdings in Vietnam's construction industry, with an emphasis on internal factors and macroeconomic conditions in maintaining financialstability and industry growth.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
19th International Bata Conference for Ph.D. Students and Young Researcher
ISBN
978-80-7678-194-8
ISSN
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e-ISSN
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Number of pages
14
Pages from-to
251-264
Publisher name
Fakulta managementu a ekonomiky, UTB ve Zlíně
Place of publication
Zlín
Event location
Zlín
Event date
Sep 13, 2023
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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