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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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

Počet stran výsledku

13

Strana od-do

137-149

Název nakladatele

Fakulta managementu a ekonomiky, UTB ve Zlíně

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

26. 4. 2017

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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